House builder Mulbury Homes goes into administration

Grant Prior 2 years ago
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House builder Mulbury Homes has gone into administration leaving subcontractors across the North West holding unpaid bills.

Worried firms have been in contact with the Enquirer for weeks over the Cheshire based developer.

One supplier said: “A lot of subbies walked off jobs a few weeks ago.

“Mulbury were promising them the world to come back but why would you when their payments are always late and their are plenty of other people you can work for at the moment?”

Andrew Knowles and Steve Clancy of Kroll were appointed joint administrators of the firm on Tuesday.

All 40 staff at Mulbury, which has been in business since 2010, have been made redundant as the business ceased trading with more than 1,000 homes currently under construction.

Knowles said: “The continued difficult trading conditions, rising costs, and financial pressures as a result of bad debt has led to a weakened cashflow position which has led to the appointment of the joint administrators.

“The joint administrators are continuing with their duties following the sale, realising assets, and distributing funds to creditors as well as investigating the financial affairs of the company as part of their statutory duties.”

A statement from the Mulbury directors said: “Since we started the business in 2010, Mulbury Homes has worked in partnership with our housing clients to deliver over 2,000 homes across the North West and we are proud of our record.

“We had a strong pipeline of projects and we were hopeful for the future. However, we have not been immune to the very challenging conditions facing the construction sector brought by the pandemic, planning delays, cost increases and supply chain issues.

“We have been working tirelessly to keep the business going but the current conditions left us with no option but to call in administrators.
“We would like to thank our staff, clients, supply chain and partners for their support to Mulbury Homes in the last 12 years.”

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