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Tue October 27 2020

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Banner Holdings in administration

15 Jun 10 Chesterfield-based construction firm Banner Holdings has gone into administration.

Chesterfield-based construction firm Banner Holdings has gone into administration.

All of the company's 30 staff have lost their jobs.

Banner had been involved in a lengthy legal dispute with Colchester Council after running into problems on the city's Visual Arts Facility, and was eventually booted off the project.

The firm's turnover plunged from £23.1m in 2007 to £10.3m in 2008, when it made a £2.8m pre-tax loss.

In 2009, Banner reported a turnover of £13.2m and pre-tax profit of £159,000.

Bell Advisory has been appointed as administrators.

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