Civils specialist GPL Group goes into administration

Grant Prior 5 years ago
Share

Civils specialist GPL Group (Manchester) Limited has gone into administration putting 60 jobs at risk.

The Salford-headquartered company, which includes subsidiaries GPL Civil Engineering, Galvac Limited, GPL Utilities Limited, GPL Plant Limited and GPL Special Projects Limited, specialises in the rail, civil, utility and building sectors.

Ben Woolrych and Anthony Collier, partners at FRP Advisory LLP, have been appointed Joint Administrators.

FRP said: “The business had experienced significant cash flow difficulties in recent months due to ongoing delays with both new and current contracts, which meant the firm had no other option than to enter administration.”

The majority of the group’s operations ceased to trade on  August 15 prior to the Joint Administrators appointment.

FRP Advisory are currently working with the director to advise on the options in relation to the other group companies.

The firm’s 60 staff are still currently employed, but “all jobs are at risk.”

Ben Woolrych partner at FRP Advisory, said: “Continued issues and delays with contracts meant that it became financially unviable for GPL Group to continue trading.

“Our focus now is to find a suitable buyer for the business, while working closely with the directors to ensure that we achieve the best possible outcome for everyone involved.”

Latest results for GPL Group for the year to March 30 2017 show the company made a loss of £1.67m loss from a turnover of £25.8m.

The Enquirer understands GPL has been in a long running dispute with a major contractor which is now the subject of legal action.

One employee on social media said: “Heartbroken that GPL has gone into administration.

“One fabulous family and a brilliant workforce.

“Sad for us and the creditors. I really am appalled at how one large PLC has behaved.”

Latest news

Bouygues/Murphy JV confirmed for £2.3bn Thames tunnel job

BMJV clinches 4.2km Lower Thames Crossing road tunnel job
3 days ago

Berkeley keeping close eye on subbies as market softens

Supply chain insolvency now bigger threat than build cost rises
2 days ago

Roofing firm fined £881,000 after double fall

Court hears of two falls on sites involving same contractor
2 days ago

Plans in for £450m Coventry city centre regeneration

Work is expected to start next summer on City Centre South scheme
2 days ago

Galliford Try to upgrade Red Arrows base

Contractor seals quartet of RAF base upgrades
2 days ago

Strabag tunnel drive in Yorkshire sets new world record

Woodsmith potash mine tunnelling project to be included in Guinness World Records
2 days ago

McLaren and Arlington to develop York Central site

Developer deal signed for one of the UK’s largest city centre regeneration schemes
3 days ago

Watkin Jones plans 36-storey Glasgow tower

The Ard student rooms scheme will be Glasgow's second tallest building
3 days ago

Balfour Beatty on track for solid set of results

Country's largest contractor on course to meet financial targets
3 days ago

Brymor Group Southern heads for CVA

Hampshire builder applies for Company Voluntary Arrangement with its creditors.
3 days ago

Former Costain transport chief joins Aecom

Sue Kershaw takes up US-based vice president job with consultant
3 days ago

Industry’s best construction managers revealed

More than 80 now in the running for delayed awards: Full list
3 days ago

Materials prices plummet as housing demand slumps

Buyers report biggest fall in purchasing costs for 14 years
4 days ago

Welsh contractor Andrew Scott targets £90m turnover

Profit and revenue up at Port Talbot-based civils and building firm
4 days ago

M-AR buyer starts round of redundancies

30 jobs at risk after modular firm bought out of administration
4 days ago

First HS2 viaduct completes deck beam installation

EKFB completes beams for first of project's 50 major viaducts
4 days ago

Fatal accident at Laing O’Rourke Oxford site

Work suspended on site after tragedy
5 days ago

Homes lead the way as Bancon Group boosts turnover

Homes and contracting group looking to further growth in 2024
4 days ago

L&G Modular Homes scheme replaced by traditional build

Wolverhampton council chooses new partner and build method for £150m project
4 days ago

£33m Plymouth city centre homes scheme approved

Spring start for Bath Street scheme in Millbay regeneration area
4 days ago

Balfour renews £330m Lincolnshire highways deal

Firm will use its new operational control hub to promptly address network issues
5 days ago

Three Caledonian Modular-built schools to be demolished

DfE confirms Essex, Somerset and Northampton schools will be bulldozed and rebuilt
5 days ago

Gilbert-Ash takes £30m Tate Liverpool revamp

Work to start in the New Year on remodelling of iconic 1846 warehouse
5 days ago

HS2 Solihull mass transit enabling works out to bid

Bidding for £60m main works to start early next year
5 days ago

Modular health specialist Vanguard rescues M-AR

Deal with administrators sees Vanguard add production capacity with 100,00 sq ft offsite factory
5 days ago

Torsion forms JV to build £90m Leeds resi tower

Construction to start in January on one of Leeds' tallest towers
5 days ago

Approved change to concrete ‘recipe’ to slash carbon emissions

New approved concrete mixes will be able to blend finely ground limestone and fly ash
6 days ago

Network Rail unveils Cardiff South Central masterplan

Plans being drawn up for major housing-led mixed-use scheme
5 days ago

McLaren Living to revamp Watford police station site

Developer to submit plans for a major mixed-use development
5 days ago

National Grid £12.8bn HV civils framework hits market

Firms needed for major power line links and high voltage direct current converter stations
6 days ago

Contractor services