Creditors on alert as Squibb Group liquidated


Squibb Group Limited has gone into liquidation. 

Credit: Squibb Group Limited.

Jacob Beake and Gary Paul Shankland of insolvency practitioner Begbies Traynor have been appointed joint liquidators of the family-run demolition contractor headquartered in Essex. 

It follows a filing for administration with the Companies Court last month.  

When a company goes into liquidation its assets are sold by the liquidator in an attempt to repay creditors. 

The 75-year-old international business, which is understood to have employed around 180 staff, had occupied offices in Stanford-le-Hope, Birmingham, Manchester and Dubai.  

“Notice is also hereby given that creditors of the company who have not yet proved their debts, should submit their proof of debt to the joint liquidators at 31st Floor, 40 Bank Street, London, E14 5NR,” Begbies urged.  

Founded by Harry Squibb in Stepney in 1948, Squibb Group (originally H. Squibb and Son) grew to be one of the leading demolition specialists in the UK, also comprising Squibb Environmental, Squibb International and Squibb Nuclear.  

Group accounts for the year ended 31 January 2022 show turnover of nearly £33 million (FY2021: £31.3 million), operating profit of £1.4 million (FY2021: £3.1 million) and profit for the year of £614,670 (FY2021: £1.6 million).   

Total income was £311,286, compared to £3.3 million in the previous financial period. 

Any person who requires further information may contact Begbies by telephone on 020 7516 1500.  

Alternatively, enquiries can be made to David Hetherington by email at london@btguk.com. 

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