Construction Giant Ardmore Falls Into Administration as Legacy Projects Take Their Toll

Major British construction firm collapses into administration as projects grind to a halt

One of Britain's best-known construction firms has filed notice to appoint administrators.The move throws a series of major London developments into doubt and leaving workers, subcontractors and clients facing uncertainty.Ardmore Group, the contractor behind some of the capital's most prestigious hotel and residential schemes, has taken formal steps towards administration after reportedly failing to make payments to workers and subcontractors.Co…

Construction Giant Ardmore Falls Into Administration as Legacy Projects Take Their Toll

Ardmore group companies enter administration after cash flow pressures intensify.More than 100 jobs are expected to be affected.High-profile London developments now face uncertainty as clients seek replacement contractors.Ardmore Construction Group has entered administration, bringing work to a halt on several major London projects and raising fresh questions about the growing financial impact of building safety liabilities across the constructi…

Ardmore’s construction business collapses into administration

Contractor Ardmore’s construction business has gone into administration following a “landmark” High Court ruling in April.

Contractor Ardmore’s construction business goes into administration

Company says decision follows High Court ruling last month over Portsmouth residential scheme

Ardmore parent seeks moratorium as group firms face administration

Ardmore Group Ltd has applied for court protection against creditor action after five group firms filed notices to appoint administrators. Court records show an application for a moratorium was filed for Ardmore Group Ltd earlier today (11 June). Separate filings made the previous day show… The post Ardmore parent seeks moratorium as group firms face administration appeared first on Construction News.