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Fri October 30 2020

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London contractor Buildstone in administration

11 Feb 10 West London contractor Buildstone has gone into administration.

West London contractor Buildstone has gone into administration.

In its latest accounts, the Ealing-based contractor reported a turnover of £30.4m for the year to 31 March 2009, with a pre-tax profit of just £16,000.

However, it had a net debt of £10.5m.

Recently, the company has worked on several major construction projects, including Brookfield’s £120m, 43-storey Castle House apartment block at Elephant & Castle, south London, and its £335m redevelopment of the Edith Cavell hospital in Peterborough.

Last year, it was shortlisted for the concrete package on Brookfield’s Pinnacle tower in the City.

Panos Eliades Franklin & Co has been appointed as administrator.
 

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MPU

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