Administrator KPMG will now seek to novate 13 contracts in Yorkshire, including the University of York and the Lambert Memorial Hospital in Thirsk.
Mark Firmin, KPMG Restructuring Partner and Joint Administrator, said: “Irwins suffered a significant drop in turnover over recent months as a large proportion of its work related to public sector projects.
“Given the limited order book of the business, a sale was not a viable option and the company has had to be closed.”
He warned: “The public sector’s austerity agenda is already being felt by construction businesses and the impact will deepen as the pursestrings tighten.
“Many projects put on hold around the election in May have now been released for completion, keeping some construction companies busy delivering work already tendered.
However the flow of new tenders is significantly lower than the levels seen even over the past couple of years, so in time, work will decline, seriously straining cashflow at a number of businesses in this capital spend reliant industry.”
- The University of York, York
- Lambert Memorial Hospital, Thirsk
- Saxton C of E Primary School, Tadcaster
- Nostell Priory, Wakefield
- Hucklow Primary School, Sheffield
- Valley Park Children’s Centre, Sheffield,
- Windmill Primary School, Leeds
- Badsworth J&I Primary School, Badsworth
- Travellers Rest, East Keswick
- St John the Baptist CE School, Mexborough,
- St Peter’s CE School, Sheffield
- Parson Cross CE School, Sheffield
- St Josephs School, Moorthorpe
