Bowen shuts up shop as Duffy chases debts

Grant Prior 6 years ago
Share

A subcontractor has issued a winding-up petition against Bowen plc over an unpaid debt after operations at the Twickenham based firm were suspended last week.

sixth_form_college_farnborough_core060309

Bowen is a major player in Ireland and has a substantial UK business run by an experienced team of ex-Mowlem bosses.

The UK staff of 29 were stunned when they were told not to report for work on May 19.

The Irish Times said the UK operation is now facing a winding-up order from Duffy Contract Services over an unpaid bill of £200,000.

Duffy Contract Services is the labour hire and small works division of the concrete specialist Duffy Construction.

Bowen plc told the paper it is dealing with some trading issues that have resulted in a decision to suspend activities while the company works with its advisers to agree the best way forward.

A statement said: “This has resulted in staff being asked not to report for work.”

It vowed to provide further clarification on the situation as soon as possible.

A Bowen staffer told the Enquirer: “This whole business has been a nightmare and very frustrating.

“We have some great work in the pipeline but we have been hit by what’s happening in Ireland and a bad debt on one of our major schemes.”

The disputed payment is believed to involve the £27m Syon Park Hotel contract in Isleworth which was completed in February 2010.

The petition to wind up the business relates only to Bowen plc, and not to the group’s Irish operations, which are continuing to trade as normal.

The latest figures show Bowen plc made a profit of £111,599 on a turnover of £22.3m in 2009.

The company works mainly on mid-sized contracts in London and south-east England.

The management team is headed by ex-Mowlem men CK Patel, Ray Cutts and Ian Posnett and the firm specialises in commercial, residential and industrial contracts up to £100m

Latest news

Subbies start winding-up petition against Titan Construction

Financial crisis at firm where ISG founder David King is chairman
2 hours ago

Race starts for one of biggest demolition jobs of 2017

Six Grimsby tower blocks to be demolished
8 hours ago

Major York city mixed-use scheme approved

Four block redevelopment of Hudson House near railway station approved
54 mins ago

Midas construction margin edges up to 0.5%

South western builder sees recovery in profit to £1.6m
8 hours ago

Colas to trial driverless cone laying vehicles on roads

Autonomous Impact Protection Vehicles can make highways sites safer: Video
2 hours ago

Multiplex quits £750m Stage of East London project

Client hunts for new contractor to deliver vast scheme on Shakespeare’s Curtain Theatre site
1 day ago

Graham bags £19m East Anglian highways upgrade

Growing civils arm bags biggest highways package in over two years
16 hours ago

Betting Spy: Defence is a dying art in the Premier League

Goals guaranteed this season while a home win treble can pay a 7/1 return
10 hours ago

A2Dominion ramps up homes target to 6,000

Leadership shake-up to raise private rental and homes for sale
2 days ago

VolkerHighways names new ops director

Former Kier highways general manager Jerry Pert joins Volker
1 day ago

Contractors named and shamed over minimum wage

Builders among latest list of offenders published in government crackdown
1 day ago

Virtual reality set to spread across construction sites

Research programme to push use of high-tech headsets
1 day ago

Time nearly up for skills cards for fringe trades

85,000 Construction Related Occupation cards become obsolete within weeks
1 day ago

CITB buys plant simulators to fill operator skills gap

Sixteen plant simulators will help to train next generation of operators
2 days ago

Argent appoints five new firms on construction framework

Developer to shake-up one of the industry's longest running partnership deals
2 days ago

Balfour Beatty construction swings back into profit

Balfour generates positive cash from operations for first time since 2013
2 days ago

£300m dualling on A47 set for Spring 2020 start

Six projects planned to improve link between East Anglia and the Midlands
2 days ago

Big Ben safety row rumbles on

HSE chiefs hit back after criticism of plans to silence chimes during restoration work
2 days ago

Morgan Sindall wins £28m Soton sports centre race

Works starts on Southampton Solent University sports facility
2 days ago

London Mayor pumps £25m into Pocket Living

Over 1,000 off-site first-time buyer homes to be built by 2021
3 days ago

Second cladding system gets fire test ‘all clear’

Large-scale fire tests suggest over 200 buildings need to be reclad
3 days ago

Welsh contractor goes under with loss of 102 jobs

Contract Services (South Wales) suffers cash flow crisis
3 days ago

Leeds Beckett £75m arts building go-ahead

Work to start before end of year on major creative arts building
3 days ago

New MD takes helm at Hochtief UK

Lawrence Jackson takes over immediately as Sally Cox steps down
4 days ago

Costain to offer counselling to subcontractors

Employee programme to combat stress and anxiety extended to supply chain
4 days ago

London garden bridge project officially scrapped

Charity behind Thames bridge project wrapped up after failing to win support
4 days ago

ISG wins Investec London office fit-out

Fit out is due to complete next May
3 days ago

First ACM cladding passes fire tests

Aluminium cladding system used on 13 high-rises meets Building Regs
4 days ago

£45m trio of roads for housing projects approved

Two Leicestershire and one Hampshire schemes win funding
4 days ago

Lovell clear for first tower block reclad since Grenfell

Revamp of three Sandwell tower blocks includes fire-resistant cladding
4 days ago

Contractor services