Cruden goes into administration with 100 job losses

Grant Prior 2 weeks ago
Share

Administrators from KPMG were officially appointed at Cruden Construction on Friday and have made 100 staff redundant.

Howard Smith and David Costley-Wood were appointed Joint Administrators of Cruden Group Limited, Cruden Construction Limited and Cruden Property Services Limited.

The Warrington based business employed 126 people and worked predominantly across the North West of England.

KPMG said: “Following losses on a number of contracts and additional costs caused by the Covid-19 pandemic, due to contract delays, the directors took the difficult decision to place the company into administration.

“Regrettably, upon appointment the administrators made circa 100 employees redundant, with the remaining staff being retained to support the wind down of the business.

“Agents have been appointed to realise value in the Group’s construction and maintenance contracts, alongside other tangible assets including a freehold property.”

Howard Smith, associate partner at KPMG and joint administrator, added: “While trading had been challenging for some time, the impact of Covid-19 was the final straw. Discussions to sell the business did not progress, leaving no option but to close.

“Our priority over the days ahead is to support those members of staff who have been affected by redundancy, providing them with any assistance they need.”

Latest news

Taylor Woodrow lands £100m power plant deal

First major building award at £1.2bn North London Heat and Power Project
1 hour ago

Giant HS2 tunnelling machines unveiled

Two TBMs will take three years to bore the ten mile long Chiltern tunnel
3 hours ago

Bellway commercial managers in cost cutting drive

House builder to focus on reducing build costs as Covid cuts sales by 31%
5 hours ago

Galliford Try bags £105m Leeds Highline scheme

Five build to rent blocks of flats will be built at Monk Bridge
6 hours ago

Laing O’Rourke starts redundancy talks with 150 staff

Covid cuts to focus on back office staff
1 day ago

Derwent sees future in long-life, loose-fit offices

Next-generation offices to feature higher ceilings, better ventilation and green space
5 hours ago

Plan for first 349 homes at Kirkstall Forge

Developer CEG consults over first of 1,450 homes at Leeds scheme
6 hours ago

McGee signs-up former Multiplex Commercial Director

Paul Maguire joins specialist as contractor still predicting profits this year despite Covid impact
1 day ago

Plans approved for 5,000-home Thameside West scheme

Work will start on the first 400-home block before the end of the year
1 day ago

Laing O’Rourke completes first HS2 bridge in two days

65-metre structure built off-site and installed ahead of schedule
1 day ago

A66 TransPennine upgrade to be split into four jobs

Design and build projects to total £770m along 50-mile route
1 day ago

Welsh Water civils and M&E frameworks up for renewal

Water company seeks to refresh partners for AMP7 investment plan
1 day ago

Crane drivers face heat risk in “greenhouse” cabs

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

Willmott Dixon wins £54m Manchester creative complex

Major boost to city's media, creative and digital industries
1 day ago

£100m Leeds student tower approved

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

Redrow pulls out of 1,100 home Wandsworth estate scheme

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

Supply chain event for £4.5bn Smart motorways plan

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

Construction Manager of the Year finalists revealed

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

McAlpine to kickstart £650m Nottingham Island Quarter

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

Four injured during roof collapse in Windsor

Firefighters rescue workers from rubble after collapse
5 days ago

Groundworks boss banned for false tax returns

Insolvency Service investigates after contractor goes into liquidation
5 days ago

Buyers report robust construction recovery in July

Strongest rise in output for nearly five years
5 days ago

Planning revolution to open housing market to smaller builders

Planning to be revamped in bid to end dominance of major housebuilders
5 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
5 days ago

Shed builder Winvic hails £29m rail freight terminal win

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

Ibstock to shut three brick factories and axe 375 jobs

Brickmaker on cost-cutting push after £52m first-half loss
5 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
5 days ago

Kier wins £160m Area 4 highways upkeep deal

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

25 demolition firms win places on Scottish framework

Demolition framework for Scottish council and housing associations
6 days ago

Amey clinches £240m deal to upkeep three major bridges

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

Contractor services