Fri, 25 Feb 2011 | ADMINISTRATION
A 75-year-old construction business based in Colchester in Essex has entered into administration.
WA Hills operated mainly in London and the South East and worked on design and build projects as well as traditional building jobs worth up to £15 million.
Glyn Mummery and Jeremy Stuart French from FRP Advisory have been called in to take financial control of the building company. Details of the administration process have not yet been disclosed.
Reasons for the company's collapse are thought to include a reduction in work orders and increasing costs. These are common factors which have caused several business failures in the construction industry over the past few years.
Established as a family-run business, Hills was bought by Brentwood-based civil engineering company, S Walsh and Sons in 2008. Projects undertaken were mainly in the residential, commercial, education, leisure, healthcare and industrial sectors.
Hills' joinery division ran an apprenticeship training scheme and also undertook restoration work for English Heritage.
WA Hills Limited was approved by the National House Building Council, Constructionline and the Construction Industry Training Board.
Revenues at WA Hills Limited reached £26.116 million for the year to 31 May 2009 with a pre-tax loss of £134,000.
Represents an opportunity for an acquirer seeking a three surgery, predominantly private dentistry located in Pembrokeshire.
FREEHOLD
Predominately NHS dental surgery with scope for physical expansion, private growth and extended services.
FREEHOLD
Represents an opportunity for a dental practice acquirer seeking a seven surgery mixed dentistry operating since 1978.
FREEHOLD
18
|
Apr
|
Household goods retailer Lakeland undergoes a management buyout | MBO/MBI
Windermere-based family-owned household goods retailer, Lake...
17
|
Apr
|
Manchester tech firm Wakelet bought out of administration | BUSINESS SALE
A Manchester technology company has been bought out of admin...
17
|
Apr
|
Nutrition company Science in Sports bought by investment firm for £82 million | BUSINESS SALE
Nutrition specialist Science in Sport (SiS) has agreed to be...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
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.