The move yesterday marks the first formal step in an insolvency process for the Brackley-based housing infrastructure specialist, giving it temporary protection from creditor action while administrators are appointed and options for the business are explored.

Agetur was founded in 1985 by Rob Rexton and built its reputation serving the housing sector, carrying out site infrastructure and groundworks on developments ranging from small schemes to major housing projects across the Midlands and South East.

Latest accounts revealed a sharp deterioration in trading performance in the year to February 2025, when the firm suffered a loss of £660,000 compared with a pre-tax profit of £160,000 a year earlier.

Revenue increased 8% to £23m from £21m, but profitability came under pressure as margins tightened and overheads increased.

Agetur joins a growing list of construction supply chain firms facing financial pressure as housing starts remain subdued and contractors battle rising costs and tighter margins across the residential market.