Wed, 29 Jan 2014 | ADMINISTRATION
Cameron Black was placed into administration yesterday (28th January), with BDO hired as the administrator.
The London-based interior fit-out business shut its construction sites this month and has now been placed in the hands of joint administrators Matthew Tait and Martha Thompson, Construction News has revealed.
Subcontractors, who say the construction company owes them money, have brought in law firm Fenwick Elliott, which aims to get Begbies Traynor on board as a co-administrator to look after the creditors’ interests.
After the business has been sifted through the administration process, it will be liquidated with the intention of having Begbies Traynor on hand to manage the procedure and carry out investigations into the situation before Cameron Black entered administration.
The company recorded a loss of almost £1.6 million on sales of £28 million in its accounts for the year ending 30 September 2012.
The directors’ report, released in July 2013, said: “Cameron Black had a very hard year with the industry again showing no immediate sign of improvement.
“Margins have continued to be extremely tight in competitive tender situations and this has been reflected in the results.”
Construction News reported earlier this month that subcontractors working on a £2 million office fit-out for the Royal College of Ophthalmologists had been sent a message from Cameron Black project manager Kit Chung apologising for the problems on the job, and advising workers to look for work elsewhere.
_________________________________________________________________________
Related information:
Contact the administrators
Construction company Mivan enters administration
Construction sector continues to improve
Project Richmond provides complete, software-led warehouse management solutions and projects that aim to automate various processes, ultimately improving clients’ operational accuracy and efficiency and reducing expenditure.
The company specialises in the provision of high-quality technical training programmes. Utilising a skilled network of trainers, the business primarily delivers certified courses that enable delegates to attain coveted qualifications.
The company provides end-to-end, turnkey design, engineering and consultancy solutions, primarily working within prominent industries throughout the UK.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.