Scunthorpe construction group call in administrators

Mon, 09 Dec 2019 | ADMINISTRATION

Scunthorpe-based Clugston Group and Clugston Construction have gone into administration, appointing KPMG. James Clark and Chris Pole from KPMG’s restructuring division will act as joint administrators.

The group’s finances from January 2018 showed 49 per cent year on year growth and a turnover of £176 million, with the construction arm having a turnover of £158 million. However, those accounts also showed the group making a pre-tax loss of £469,000, while Clugston Construction had an operating loss of £529,000.

Clugston Group operates from over 25 sites, largely across the North and Midlands, with different divisions focused on construction, civil engineering, logistics, property development and facilities management. Clugston Distribution Services Limited and Clugston Estates Limited are not affected by the administration and will continue to trade.

The company employs 412 staff, 150 of whom have now been redundant with the remaining 262 retained to assist in the administration process.

The group had recently generated growth through its joint-venture with French firm CNIM, which saw the company engage in high-value contracts building waste-to-energy plants.

Clugston Group CEO Bob Vickers left the company in June of this year and was replaced on an interim basis by corporate rescue specialist Glynn Thomas.

In a statement, KPMG said: "The joint administrators will continue to trade certain divisions and are seeking to sell valuable contracts, with 262 members of staff retained to assist with this. Any interested parties should get in touch with KPMG as soon as possible."

Joint-administrator James Clark added: "Our focus over the coming days will be to seek buyers for the contracts and divisions and to liaise with those employees who have been made redundant, ensuring they are provided with the support and information they need to claim their statutory entitlements from the Redundancy Payments Office."

Share this article

Latest Businesses for Sale

Plastering Business
West Midlands, UK

A superb opportunity has arisen for a new buyer to acquire a well-established Plastering business - plus the freehold on a building containing an office and recently refurbished apartment. The business has developed an enviable reputation throughout...

Asking Price: £420,000
Turnover: £320,000


Roofing Company
Leeds, West Yorkshire, Yorkshire and the Humber, UK

The business offers a comprehensive range of domestic and commercial roofing services including repair and maintenance work. This is a very profitable opportunity for buyer with experience in this industry. Family run business with great reputation a...

Asking Price: £495,000
Turnover: £450,000


Construction Company
Huddersfield, West Yorkshire, Yorkshire and the Humber, UK

This is a brilliant opportunity to acquire a well-operated and highly regarded business which has gained a solid reputation for providing construction services since it began trading in 2009. Offers invited.

Asking Price: £700,000
Turnover: £1,851,511


View more businesses for sale

News Search

Latest News


Street food catering firm seeks buyer after entering administration | ADMINISTRATION

Shrewsbury-based catering company MPM Catering has entered a...


Heycar acquires following administration | BUSINESS SALE

Online used car service Heycar has purchased the independent...


On-demand laundry app snapped up after administration | BUSINESS SALE

Laundrapp, an on-demand laundry service which was touted as ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide


Related News


Historic East Cumbria newspaper looking for buyer | ADMINISTRATION

The Cumberland & Westmoreland Herald, a 160-year-old East Cu...


Beales in sales talks to avoid administration | ADMINISTRATION

Department store chain Beales is in talks with two potential...


Brighton energy firm appoints administrators | ADMINISTRATION

Brighton-based utilities company Toto Energy has gone into a...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources