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Administrators seek buyer for Holloway White Allom

12 Oct 11 Administrators for Holloway White Allom say that they are “working hard to find a buyer” for assets of the failed builder and restoration specialist.

Belgravia-based Holloway White Allom called in the administrators after late payment on a large contract created a cash crisis. It ceased trading and laid off all 175 employees before calling in administrators from KPMG on 5 October.

KPMG’s restructuring practice has three men on the job -  Will Wright, Howard Smith and Colin Haig.

Mrl Wright said: "While faced with the same negative market conditions the whole construction sector is grappling with at the moment, the business’ problems were compounded by a late payment on a large contract which triggered a cash crisis.  While the construction sector is very difficult, Holloway White Allom has a strong brand and we are working hard to find a buyer for the assets of the business."

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