Civils outfit Bemus heads for liquidation owing £4.6m

Aaron Morby 1 month ago
Share

Manchester civil engineering contractor Bemus Construction Services ceased trading owing £3.6m to its trade creditors.

Middleton-based business grew to £38m revenue before running into Covid cash crisis
Middleton-based business grew to £38m revenue before running into Covid cash crisis

The groundworks and civils contractor effectively collapsed two months ago, although the company is only now informing creditors of plans to seek a voluntary liquation on 23 October.

Founder Sean Walsh has just written to creditors seeking to appoint Altincham-based Lucas Johnson as liquidator.

A summary of liabilities reveals that the firm which worked mostly for house builders in the north west and employed around 100 staff, has total debts of £4.6m.

On top of the cash owed to trade creditors, Bemus owes £280,000 to staff, £300,000 to the tax office and £857,000 to connected company Bemus Plant.

Main trade creditors include: finance provider White Oak UK, owed £365,000; Cemex, owed just over £200,000; Formwork Direct International, £193,000; Tarmac Trading, £162,000; and B&W Plant Hire owed around £160,000.

Walsh, a former director at Jon Ennis Construction, established Bemus nine years ago.

He grew the Middleton-based business up steadily in recent years to achieve revenue of £38m last year making a modest £460,000 pre-tax profit.

 

Latest news

British Land submits Broadgate towers plan

Plans in for 37 and 22-storey towers at 2 Finsbury Avenue
2 hours ago

Double-decker temporary fix for Hammersmith Bridge

Plan for temporary truss bridge within Hammersmith Bridge to allow critcal repairs
3 hours ago

L&G modular homes losses exceed £100m

Factory is building homes for first full self-delivery scheme of 154 homes in Selby
3 hours ago

Construction minister to oversee Covid vaccine rollout

Nadhim Zahawi will now focus on vaccine deployment until at least next summer
1 day ago

Morgan Sindall wins £26m Great Yarmouth leisure centre

Work to start shortly on Golden Mile seafront site
3 hours ago

Robertson on board for £150m Cardiff Bay arena

Contractor part of consortium chosen to deliver 15,000 seat arena
3 days ago

Project manager and director sentenced after dumper death

Suspended jail sentences for pair after Court hears how untrained and unsupervised worker died on site
3 days ago

Green light for Barratt 450-home Wembley Park scheme

Barratt and TfL joint venture to start second major scheme next year
3 days ago

Barhale lays foundations for £200m Barnsley revamp

Sewer diversion works to pave way for next phase of The Glass Works
3 days ago

Bouygues E&S Contracting battles to return to profit

Bouygues Energies & Services Contracting arm suffers third year of losses
3 days ago

Conlon sees strong orders for 2021

North West building contractor sees much brighter prospects ahead
3 days ago

GMI starts £10m Leeds spec office scheme

Regional office market stirs back to life as Leeds King Street scheme starts
3 days ago

Lendlease director joins Munnelly Support Services

Darren Butson brings experience of major regen schemes like Elephant Park
3 days ago

Michelmersh sees surge in brick sales

Brick maker to beat market forecasts and pay back furlough cash
3 days ago

Angle grinder explodes old petrol tank during demolition

Vapours ignite leaving construction worker with burns to 26% of his body
4 days ago

Tideway chiefs overpaid £349,000 after “admin error”

Directors to pay back incorrect awards as project makes good progress despite pandemic
5 days ago

TClarke orders soar 17% to £422m

Revenue for 2021 now set to hit £257m well above 2020 level
4 days ago

Funding deal for world’s biggest offshore wind farm

Historic deal for £6bn first two phases of Dogger Bank
4 days ago

Bidding starts in New Year for £4bn levelling up fund

Civil engineering contractors prepare for a busy 2021
5 days ago

Construction Manager of the Year crowned

Frank Connolly of Mace wins coveted prize - full list of winners
4 days ago

Hyatt to build new luxury hotel in Battersea

Major boost for capital and expanding Nine Elms development
4 days ago

Morgan Sindall lands £36m Aylesbury school job

Latest win under Southern Construction Framework
5 days ago

Chancellor lays bare staggering cost of Covid response

Pandemic spending hits £280bn and rising as economy set to recover by end of 2022
5 days ago

HS2 opens bidding for first works on phase 2a

Enabling works for Crewe to Birmingham route worth £50m
5 days ago

Balfour Beatty appoints new construction chief

Mark Bullock to replace Dean Banks as CEO of construction services
5 days ago

Wates launches zero carbon home retrofit service

Contractor targets social housing sector for high volume retrofit programme
5 days ago

Skanska joins switch to electric company cars

Company car EV First initiative starts in December
6 days ago

Willmott Dixon starts £18m Warrington science park

Work starts on Project Violet office build in Daresbury
5 days ago

Boot seals deal for Black Country logistics park

Logistics development plan for Pheonix 10 takes off
5 days ago

CITB starts sell-off of training centres

Walsall College takes over training in Birmingham
6 days ago

Contractor services