A Bristol construction firm has been liquidated after not being paid for a prestigious London housing project.
Spiller Builders was established in 1898 and specialised in the commercial and high-end residential sectors, encompassing new build schemes, refurbishments, alterations, listed building works, plus maintenance services.
The firm employed around 50 people, and traded chiefly within a 50 miles radius of Bristol, but had carried out projects as far afield as London, Manchester, Swansea and Cornwall.
The firm ceased trading in April after it was not paid for work on an £15m housing development in London, which was put on to the market in 2008 as house prices crashed.
Bristol accountancy firm Milsted Langdon was appointed liquidator. Partner Simon Rowe said the problems on the London scheme, along with a generally slow construction market had hit Spiller Builders' bottom line.
“The company had little in the way of tangible assets, all of which have now been sold and therefore my main role is to collect in the outstanding book debts due to the company which are believed to be in excess of £600,000,” he said.
“Although the company’s records show that former customers owe it several hundreds of thousands of pounds, construction debts are notoriously difficult to collect once a builder has ceased to trade as customers allege that work was inadequate or simply refuse to pay.”