Administrators have urged anyone owed money after the collapse of Bardsley to get in touch. The construction firm collapsed just days before Christmas leaving around 200 people without a job and many more sub-contractors facing a financial hit. The Tameside company had been operating throughout the North West for more than 50 years and had a number of high-profile contracts in both the public and private sector in the pipeline. Bardsley Group Ltd sited 'challenging market conditions' and 'uncertainty in the political and economic environment' for the company's collapse. The Manchester Evening News understands the firm had been struggling for some time, primarily because of delays in payment which led to cash flow problems. An industry source said at the time: "This had been on the cards for months." Administrators Duff and Phelps said they were called in in November last year to 'advise the Group on its current financial position' and facilitate a possible merger or urgent investment. However, no acceptable offers were received 'leaving the Directors with no option but to appoint Administrators'. It is understood all Bardsley staff and around 80 sub-contractors were paid for December. But a number of suppliers have since contacted the M.E.N to claim they are owed large sums of money. One claimed he is owed as much as £500,000. A spokesperson for Duff and Phelps told the M.E.N today: "We are in the early stages of administration. "There is a discovery process ongoing into how many creditors are owed money and how much. "We would encourage anyone who is a supplier and believes they are owed money to get in touch via the email address bardsleyconstruction@duffandphelps.com." It is understood the administration process slowed down over the Christmas break but staff are now working hard to asses Bardsley's position. Traders who also have tools or relevant paperwork on sites are also advised to send an email. It is hoped an 'open day' will be arranged in the near future for all those who need to get back on site. A well-known name in the construction business, Bardsley has been involved in a number of key building projects in Greater Manchester including the recently completed redevelopment of Riverside House on the Salford side of the River Irwell. And the company remains a key contractor on a handful of multi-million pound projects that are now expected to be delayed. They include an £11m contract to build Tameside College's new construction skills centre in Ashton-under-lyne, MeadowSide, the flagship residential development from the Far East Consortium (FEC) on the edge of the city centre and a £15.7million contract for a large-scale housing development in Gorton. Developers have suggested to the M.E.N that they will find alternative contractors to fulfill Bardsley's commitment. But it is understood that any sale of existing contracts cannot be agreed without the permission of Duff and Phelps. The administrators contin
Administrators urge anyone owed money after collapse of Bardsley to get in touch
Administrators have urged anyone owed money after the collapse of Bardsley to get in touch. The construction firm collapsed just days before Christmas leaving around 200 people without a job and many more sub-contractors facing a financial hit. The Tameside company had been operating throughout the North West for more than 50 years and had a number of high-profile contracts in both the public and private sector in the pipeline. Bardsley Group Ltd sited 'challenging market conditions' and 'uncertainty in the political and economic environment' for the company's collapse. The Manchester Evening News understands the firm had been struggling for some time, primarily because of delays in payment which led to cash flow problems. An industry source said at the time: "This had been on the cards for months." Administrators Duff and Phelps said they were called in in November last year to 'advise the Group on its current financial position' and facilitate a possible merger or urgent investment. However, no acceptable offers were received 'leaving the Directors with no option but to appoint Administrators'. It is understood all Bardsley staff and around 80 sub-contractors were paid for December. But a number of suppliers have since contacted the M.E.N to claim they are owed large sums of money. One claimed he is owed as much as £500,000. A spokesperson for Duff and Phelps told the M.E.N today: "We are in the early stages of administration. "There is a discovery process ongoing into how many creditors are owed money and how much. "We would encourage anyone who is a supplier and believes they are owed money to get in touch via the email address bardsleyconstruction@duffandphelps.com." It is understood the administration process slowed down over the Christmas break but staff are now working hard to asses Bardsley's position. Traders who also have tools or relevant paperwork on sites are also advised to send an email. It is hoped an 'open day' will be arranged in the near future for all those who need to get back on site. A well-known name in the construction business, Bardsley has been involved in a number of key building projects in Greater Manchester including the recently completed redevelopment of Riverside House on the Salford side of the River Irwell. And the company remains a key contractor on a handful of multi-million pound projects that are now expected to be delayed. They include an £11m contract to build Tameside College's new construction skills centre in Ashton-under-lyne, MeadowSide, the flagship residential development from the Far East Consortium (FEC) on the edge of the city centre and a £15.7million contract for a large-scale housing development in Gorton. Developers have suggested to the M.E.N that they will find alternative contractors to fulfill Bardsley's commitment. But it is understood that any sale of existing contracts cannot be agreed without the permission of Duff and Phelps. The administrators contin
0 Yorumlar