Wooldridge Contractors Limited has filed a notice of its intention to appoint an administrator.
The surrey-headquartered demolition contractor lodged the application with the Companies Court on Friday (2 February).
Bristol law firm Veale Wasbrough Vizards (VWV) is listed as its representative, it appears.
Brothers Ian and Graham Wooldridge founded the company in 1975 as a small start-up agricultural operation.
Almost 50 years later Wooldridge offers a range of services, including groundwork, civil engineering, contract build projects and demolition.
Accounts for the Bagshot contractor to 31 January 2022 show turnover of £23.2 million and a pre-tax profit of £1.7 million, both up on the prior year.
Around 4,370 construction companies collapsed in the year to 30 November 2023 according to Insolvency Service figures, representing 17 per cent of all insolvencies during that period.
Specialist firms, such as demolition and MEP contractors, were the biggest causalities in the sector over the last twelve months, representing 58 per cent of all insolvencies, consistent with previous reports on the impact on the supply chain.
Wooldridge and VWV were approached for comment.
Was this interesting? Try Bids open to build 1,500 homes in east London
If you have a tip or story idea that fits with our publication, please contact the news editor email@example.com
Get industry news in 5 minutes!
A daily email that makes industry news enjoyable. It’s completely free.