Quibell collapse costs local subbies £3.8m

Grant Prior 13 years ago

THE collapse of two Hull contractors has left subcontractors holding unpaid bills of £3.8m

Quibell & Son and Humber Joiners called in the administrators on November 23.

The companies were both part of the Quibell Construction Group based in Stepney Lane, west Hull.

The firms’ demise resulted in the immediate loss of 90 jobs and the whole supply chain being left unpaid.

The Hull Daily Mail said 181 local firms were owed more than £3.1m by Quibell & Son while 24 were left unpaid to the tune of £69,2841 by Humber Joiners Limited.

The Mail said at least six firms have stopped trading as a result, with many others being seriously financially compromised by the company’s downfall.

One East Yorkshire–based company that asked to remain anonymous said: “Quibell going into administration sent us under.

“Thirty people here lost their job as a result – that is a third of the jobs lost at Quibell.

“We have now started up again but it wasn’t good for us at all.”

The two firms had a history stretching back 135 years and were responsible for some of Hull’s famous buildings, including the Guildhall.

The two firms’ parent company, Quibell and Son (Holdings) Ltd, went into receivership on November 29.

Another subbie said: “Many of these well established local firms, like ourselves, have been shut out by large frameworks secured by the likes of Quibell and other larger companies who are obsessed with chasing turnover rather than profit.

“The feeling is that many firms are bidding so competitively, and even below cost, as a matter of survival and as a means of retaining workers.

“There aren’t too many businesses that can afford to do that for long. Bidding work just to keep busy and keep employees working is financial suicide.”

They added: “The problem is how many quality, well organised, well established and previously financially sound local companies are the likes of Quibell, ROK, Connaught etc going to consistently take down with them.”

Latest news

Wates wins former Daily Mail printworks transformation

British Land advances major cultural venue at London’s Canada Water
2 hours ago

Mace poaches Ramboll chief to be Head of Engineering

Martin Feakes will develop civil and structural engineering offer at Mace
2 hours ago

Subcontractors form alliance for major civils jobs

Trio of specialists join forces to collaborate and offer Tier 1 contractors a turnkey solution
6 hours ago

Fear of supply chain failures boosting collaboration

Procurement survey also reveals project bank account use is rising
5 hours ago

Wates sets up business to target 160,000 mouldy social homes

Healthy Homes service will be offered to social landlords across England
6 hours ago

Higgins wins £75m Peabody Passive House job

Latest phase of Deptford Landings to start construction
6 hours ago

Contractors and unions agree Sizewell C working deal

New deal offers improved sick pay and parental leave over Hinkley Point deal
17 hours ago

Competition chiefs win legal fight for more construction raids

High Court rules CMA officials can raid a domestic property as part of investigation
23 hours ago

More Osborne companies file administration notices

Three more divisions lodge notices with court
1 day ago

McLaren wins multi-storey urban logistics contract

South London win with British Land is pioneering urban logistics hub
1 day ago

Big social housing schemes at risk over funding uncertainty

Housing associations warn uncertainty over public funding beyond 2026 is curbing new schemes
1 day ago

Kier wins Worcestershire town centre renewal

Firm secures Bromsgrove commercial and cultural hub project
1 day ago

BAM signs Kent school contract at £42m

Sevenoaks school rebuild signed off at £8m more than first estimates
1 day ago

RG Group signs £121m Newcastle rental homes job

Developer Olympian Homes advances 519 flats plan at Pottery Lane site
4 days ago

Geoffrey Osborne files administration notice

Contractor in talks to save parts of the business
4 days ago

Winners named for £260m Manchester Uni framework

B&K, Henry Bros, Graham, Robertson and Vinci among new line-up
4 days ago

Shed specialist Benniman rides out market lull

Worcestershire warehouse builder says industrial and logistics work is picking up again
4 days ago

Another contractor cleared after high profile immigration raid

Adana Construction employees were working legally on site swooped on by Home Office
4 days ago

McAleer & Rushe wants to meet new London suppliers

Contractor holding Meet the Buyer event in London: Register now
4 days ago

McAlpine signs £500m Broadgate dual towers deal

Work to start on iconic 36-storey and 21-storey towers
5 days ago

Worker rescued from collapsed four metre deep trench

Fire crews take six hours to save trapped builder near Blackwall Tunnel
5 days ago

Gove puts another major building scheme on hold

Secretary of State starts another planning fight after M&S defeat
6 days ago

Greenwich University tenders £300m framework

Up to five firms will carry out upgrade and newbuild work at three campuses
5 days ago

Work starts on Manchester 26-storey Obsidian tower

Contractor Domis starts Salboy's 10th Manchester scheme in seven years
5 days ago

Race for £1.3bn West Midlands social homes framework

The Community Housing Group reboots tender race for new build housing
5 days ago

Delancey submits £400m King’s Cross lab plans

200,000 sq ft lab/office project will be built above railway and tube tunnels just 4.5m below
6 days ago

Winners revealed for £150m fire safety framework

New deal will help organisations comply with the Building Safety Act
5 days ago

Sellar plans £500m City tower next to Walkie-Talkie

Consultation starts on London 60 Gracechurch Street tower
6 days ago

Severfield ends year on high with record order book

Orders top £500m with strong future pipeline of opportunities ahead
6 days ago

Second senior director exits National Highways

Commercial director Malcolm Dare set to move on to new role
6 days ago

Contractor services