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Construction firms have only a few days left to appoint a new RBCA after the companies’ liquidation on 6 November.

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 cost of the EOT tax regime was originally estimated to cost less than £100 million in 2018-19 could rise to £2 billion by 2028-29.

The Hull-based modular firm struggled with cashflow issues, partly due to clients withholding payments before its collapse.

“Dividend prospects remain uncertain and will depend on amounts recovered relating to construction contracts and costs of the administration.”

The former Tyneside construction firm had traded for more than 100 years and at its peak commanded sales of £55 million.

The house builder and brownfield developer went into administration in October 2023 along with 19 of its subsidiary companies.