Killby & Gayford goes into administration

Grant Prior 10 years ago
Share

Work has stopped on all Killby & Gayford sites as the company fell into administration.

The Enquirer understands that site staff were called Tuesday night and told to attend a meeting Wednesday morning where they were given the bad news.

One site manager said: “We were all called-up last night and told to go to a meeting at the head office this morning.

“We were given the bad news and all the sites were shut-up at eleven today.”

The company is now in the hands of administrator BDO.

One subcontractor said: “They owe me about 70 grand for a job we are doing in the City.

“I started getting calls this morning and now the site has shut up and we’re told they are in administration.”

No-one was answering the phones at any Killby & Gayford offices this afternoon as the Enquirer tried for an official comment.

Latest results show that for the year to December 31 2010 Killby & Gayford had a turnover of £78m and made a pre-tax profit of £1.9m.

It was projecting turnover of £90m for 2011 after winning several hospital contracts, including a £20m extension for the Holly House Private Hospital in Essex and the Royal Marsden Hospital.

The builder was one of the oldest firms operating in London and the south east and invested heavily in training for its general building and specialist refurbishment contracts.

It employed around 300 staff at its Billericay joinery works and offices in Cambridge, London Clapham and Leeds. They are now waiting for an official statement to hear their fate.

Chief executive Christopher Chivers led the management buyout of Killby & Gayford Group in September 2007.

It is understood the builder was due to renegotiate its £3m overdraft facility next month.

One rival said: “This is a real shame. They were one of London’s oldest building firms and put a lot back into the industry.

“It’s more evidence of just how bad the downturn in the building market is.”

Latest news

B&K returns to strong profit growth across the group

Pre-tax profit jumps 23% to £65m as revenue edges up to £1.18bn
5 hours ago

British Land expects tender price inflation to hit 10%

Developer says 91% of costs are fixed on planned schemes
4 hours ago

Morgan Sindall set for £80m leisure and health hub

West Suffolk public service development to be built at no extra cost to tax payers
5 hours ago

Plans in for £500m Hollow Mountain pumped hydro scheme

Work removing 2m tonnes of rock could start within two years
1 day ago

L&G to pump £4bn into West Midlands developments

West Midlands Mayor Andy Street signs landmark investment deal with L&G
5 hours ago

Hunt starts for £250m Stockport 8 site developer

Town centre 8-acre site is earmarked for 1,200 homes, shops and leisure
22 hours ago

Higgins bags trio of East London passivhaus schemes

Partnership to build 220 affordable homes for Newham council
17 hours ago

Water industry revives PFI model for £1bn job

Vast Haweswater Aqueduct upgrade to pilot new DPC model, hailed as the future for water companies
1 day ago

VolkerRail fined £550,000 after trench collapse

Court hears how two metre deep excavation was unsupported
1 day ago

‘Ratty the Robot’ takes bite out of costly pipe inspections

Pipe-crawling tetherless robo-rat makes light work of complex underground inspections
1 day ago

Graham gets green light for £124m M25 Junction 28

Consent allows work to start this Autumn on Essex junction upgrade
2 days ago

Six win £600m panelised housing DPS deal

Better Building alliance of 29 housing associations signs up manufacturers
1 day ago

Watkin Jones reports record £2bn pipeline

Student rooms and BTR builder plans corporate name change in big rebrand
1 day ago

Race starts for £500m Scottish zero carbon hospital job

Bidding starts for new University Hospital Monklands near Airdrie
2 days ago

Manchester airport taxis out £60m terminal 2 pier job

Bidding to start before the end of 2022 for project start early next summer
2 days ago

Plan for 1,100-home complex at Leicester factory site

Galliford Try investments plots Corah Factory transformation
2 days ago

Axed House by Urban Splash staff plan legal action

Ex-workers consult with lawyers following administration
2 days ago

Summer slowdown fears as latest contract award data droops

Latest Barbour ABI Snap Analysis paints uncertain picture
2 days ago

Farrans wins £39m Somerset recycling hub

Site preparation gets underway for Keynsham Recycling Hub
2 days ago

Balfour gets green light for £250m M25 junction 10

Autumn start for M25 junction 10/A3 Wisley interchange improvement scheme
5 days ago

Leeds plumbing contractor sinks with loss of 30 jobs

Dickinsons Plumbing and Heating goes down but renewables arm salvaged in sale
5 days ago

HS2 achieves first diesel-free construction site

Skanska Costain STRABAG JV runs Kilburn site with green kit
5 days ago

Administration confirmed at House by Urban Splash

160 jobs lost following "operational issues" at modular factory
6 days ago

Network Rail fined £1.4m after worker crushed by track machines

Judge highlights "many layers of failure" within site management
6 days ago

Kier picked for £350m Leatherhead regen plan

Property arm to draw up plans to redevelop two large town centre sites
6 days ago

Two seriously injured in London steelwork collapse

Two steel erectors left fighting for their lives after collapse at Ardmore site
7 days ago

Urban Splash modular staff start looking for new jobs

Work stops at House by Urban Splash factory and housing sites
7 days ago

Building facade specialist CMS goes into administration

Building envelope firm had turnover of £43m
7 days ago

Office work uplift returns construction output to growth

New commercial work drives output uplift for the first time since the pandemic
6 days ago

More suppliers wanted on £683m waste power plant

Meet the buyer event for North London Heat and Power Project: Register now
1 week ago

Contractor services