Benchmark Scaffolding Ltd was placed in administration using a new name, BSL Realisations 2011 Ltd. Benchmark was swiftly back in business.
Insolvency specialists from Smith & Williamson and lawyers from Lawrence Graham worked together to save the company from its financial difficulties, with a funding injection from turnaround investor RCapital.
The restructuring has helped save more than 350 jobs and ensured the continuation of building works at the Olympic site in Stratford.
Benchmark has offices in east and west London, as well as a northern office in Barnsley.
Recent projects in the capital include the Westfield shopping centre, Selfridges in Oxford Street and the Houses of Parliament for Allenbuild’s roof refurbishment job.
The company was established in 1995 by managing director Rob West.
Benchmark Scaffolding is one of the largest scaffolding companies in the southeast. It has a management team of around 30 and approximately 350 scaffolders.