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.
Got a story? Email news@theconstructionindex.co.uk
