Civils outfit Bemus heads for liquidation owing £4.6m

Aaron Morby 4 years ago
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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.

 

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