Quantuma secures pre-pack administration sale of Mackoy Groundworks

Groundworks specialist sold in pre-pack administration

A £23m-turnover groundworks specialist has been bought in a pre-pack administration deal. Hampshire-based Mackoy Groundworks and Civil Engineering went into administration on 9 June, with insolvency specialists Quantuma citing labour and material costs as a cause of the firm’s struggles. The contractor has been sold… The post Groundworks specialist sold in pre-pack administration appeared first on Construction News.

Quantuma secures pre-pack administration sale of Mackoy Groundworks

Business advisory firm Quantuma has completed the sale of civil engineering specialist Mackoy Limited out of administration, securing the future of the company. Joint administrators Kelly Mitchell and Alyson Richards managed the pre-pack transaction following a six-week marketing and planning period. The sale transfers all staff to the purchaser, Geocore Civils, which will novate ongoing groundwork contracts across several active development sit…