Thu, 01 Jul 2021 | ADMINISTRATION
Liverpool-based building contracting firm Nobles Construction has announced that it has fallen into administration as a result of financial difficulties caused, in part, by the impact of the coronavirus pandemic.
According to the company's managing director Sean O’Connor, Nobles was refused a Coronavirus Business Interruption Loan (CBILS) of between £50,000-£100,000 despite being heavily impacted by Covid-19. As a result, it struggled to bring back furloughed staff and resume trading despite having secured two major building contracts.
The company has also confirmed that it has been locked in a payment dispute with building developer High Street Group over a £33 million contract for a Warrington-based, 362-apartment project known as Cheshire Junction.
After the scheme stalled in February of this year, Nobles attempted to claim payment for the work it had already carried out. However, the developer argued that the building company was responsible for on-site delays and therefore withheld payment, adding to Nobles financial concerns.
Nobles Construction was founded in 1995 and had a turnover of £25 million. The business worked across a number of sectors including commercial, education, healthcare, industrial and transport, leisure and residential.
The firm's contracts included work for a number of prominent organisations within and around the city, such as Liverpool Mutual Homes, Bluecoat School, Royal Albert Dock and Epstein Theatre. The company had also secured a £1.5 million contract to fully transform Liverpool FC's souvenir store located in the Liverpool One retail centre.
It has been confirmed that Mark Bowen of MB Insolvency has been appointed as the administrator for Nobles and will take responsibility for handling the affairs of the firm as it considers its options.
A reputable construction company with a growing turnover and a wide range of projects available for acquisition.
The business specialises in supplying and installing a range of high-quality decking, balustrades, and additional accessories for static caravans, holiday homes, and residential properties.
An opportunity to acquire a bespoke kitchen design and installation company that which has forged an immaculate reputation with a wealth of five-star customer testimonials since it was established in 2016.
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.