Cruden files notice of intent to appoint administrator

Grant Prior 2 weeks ago
Share

Cruden Construction has filed a notice of intent to appoint an administrator.

Industry credit reference agency Top Service reported that the notice was filed on Friday.

The move protects companies from legal action by creditors while finance talks continue.

Latest accounts posted for Cruden Construction show the firm made an operating loss of £2.3m from a turnover of £38m during the year to September 30 2018.

One Cruden employee wrote on social media: “Friday was a very sad day for myself and all of my work colleagues who are part of the Cruden family.

“It’s been a pleasure to work with you all and a huge thank you for all your support, advice, encouragement, guidance and the enjoyable times throughout the last 20 years.

“Good luck in your future careers, hopefully our paths will cross again. Best wishes to you and your family during this uncertain period.”

Another added: “A number of companies will be getting some excellent people that’s for sure. It’s a hard pill to swallow but I’m confident that everyone will get fixed up over sooner rather than later.”

The 55-year-old Warrington based contractor has been contacted for comment.

Cruden Construction is a totally separate business to the Cruden Group of companies in Scotland.

Its chief executive  Kevin Reid said: “It has been announced that the “Cruden Group Limited” based in Warrington, North West England is regrettably entering into administration.

“For the avoidance of doubt, we would like to make it clear that, despite sharing a name, this organisation is an entirely separate business to our own. It was sold to Headcrown Group plc more than 30 years ago, and has had no connection to our own business since then.

“The Cruden Group of companies in Scotland, which is headed by Cruden Holdings Limited, and which includes Cruden Investments, Cruden Homes, Cruden Building and Hart Builders is very secure financially, with a strong forward order book in all divisions.

“We have recently announced a number of new contract wins across the Group and made several senior appointments.  Despite the economic environment, we remain very positive about the future and anticipate the Group continuing its unbroken run of 21 years of profitability.”

Latest news

Crane drivers face heat risk in “greenhouse” cabs

Union demands maximum three-hour shifts for drivers, free water and mini fridges in cabs
3 days ago

£100m Leeds student tower approved

Planning go-ahead for 32-storey Merrion Street skyscraper
3 days ago

Redrow pulls out of 1,100 home Wandsworth estate scheme

Construction started in February on first phase of Alton Estate regeneration
4 days ago

Supply chain event for £4.5bn Smart motorways plan

Subcontractor engagement launch event to set out new working arrangements
3 days ago

Construction Manager of the Year finalists revealed

Sixty of the country's best construction managers make the cut: Full list
4 days ago

McAlpine to kickstart £650m Nottingham Island Quarter

Construction to start on £9m first phase of giant scheme in October
4 days ago

Four injured during roof collapse in Windsor

Firefighters rescue workers from rubble after collapse
3 days ago

Groundworks boss banned for false tax returns

Insolvency Service investigates after contractor goes into liquidation
4 days ago

Buyers report robust construction recovery in July

Strongest rise in output for nearly five years
4 days ago

Planning revolution to open housing market to smaller builders

Planning to be revamped in bid to end dominance of major housebuilders
4 days ago

Nmcn still in profit despite Covid-19 crisis

Pandemic to cut margins to 0.5% this year but contractor confident in long term prospects
4 days ago

Shed builder Winvic hails £29m rail freight terminal win

Vast concrete pour to start in weeks on 30,000m3 terminal storage slab
5 days ago

Ibstock to shut three brick factories and axe 375 jobs

Brickmaker on cost-cutting push after £52m first-half loss
4 days ago

Hackitt slams industry’s ‘wait and see’ stance on building safety

Mace, Vistry and Construction Leadership Council praised for rising to safety challenge
4 days ago

Kier wins £160m Area 4 highways upkeep deal

Maintenance work to start in November on Kent and Sussex roads
4 days ago

25 demolition firms win places on Scottish framework

Demolition framework for Scottish council and housing associations
5 days ago

Amey clinches £240m deal to upkeep three major bridges

South west major structures inspection and maintenance worth £16m a year
5 days ago

Aecom to cut up to 500 jobs

Consultant starts redundancy consultation as it "re-shapes" the business
5 days ago

Squibb lands demolition deal on £220m Woolwich site

Year-long demolition of old Woolwich estate starts this month
5 days ago

Vinci replaces Galliford Try on £26m cancer centre

Demolition work completed by Galliford Try but client brings in new contractor
6 days ago

Morgan Sindall confident of second half profit surge

Post lockdown recovery continues as £9.3m of furlough cash to be handed back to government
5 days ago

M&E specialist Lorne Stewart battles to stem losses

Harrow-based building services specialist begins to curb losses
5 days ago

Worker crushed to death on Tottenham demolition site

Wall and roof collapses at two-storey industrial building
5 days ago

Countryside picked for £124m Bracknell housing plan

Over 400 homes to be built on three council-owned sites in town centre
5 days ago

Balfour to reopen concrete plant after Covid outbreak

Track and trace investigations show no-one affected at Hinkley where segments are supplied
6 days ago

Robertson lands Preston research centre contract

University of Sheffield picks main contractor for £20m scheme
6 days ago

300 “shovel ready” schemes get £900m funding boost

Government confirms schemes receiving cash from the Getting Building Fund
6 days ago

2021 workload rebound but to 6.4% below pre-Covid level

Construction forecasters bank on V-shaped recovery next year
6 days ago

Plans unveiled for new 40-acre Crewe warehouse scheme

Construction of 800,000 sq ft of space on former BAE factory site
6 days ago

Manchester wellbeing centre developer eyes three more sites

Construction to start next year on £250m Manchester scheme followed by trio of new venues
7 days ago

Contractor services