Colmore Tang enters voluntary liquidation
A petition to wind up the Birmingham-headquartered contractor was also filed with the High Court of Justice (Chancery Division) today.
A petition to wind up the Birmingham-headquartered contractor was also filed with the High Court of Justice (Chancery Division) today.
The building contractor took the “difficult decision” for a voluntary winding up process due to the company’s “financial position and options”.
It was founded in 1956, employs nearly 1,000 people and had an annual turnover of £150 million.
The long-delayed Midland Metropolitan University Hospital project has been granted the go-ahead, to open in October.
BAM Construction falls into red as the firm takes a £31.4 million loss in its latest financial results.
A Bedfordshire construction contractor has been banned as company director after overstating company turnover to obtain a Covid loan.
Mac-Exteriors Limited, Mac-Interiors (London) Limited and Mac-Interiors Limited have gone into liquidation, but three others remain.
It follows a winding up petition filed against the Chessington-headquartered business.
Delays due to sector insolvencies led to the company’s first operating loss in 26 years.
Contractor files Company Voluntary Arrangement application with Companies Court.