Red alert to suppliers of the construction company Clevedon Bridge after reports that it is on the ‘brink of collapse’

Red alert to suppliers of the construction company Clevedon Bridge after reports that it is on the ‘brink of collapse’

The 150-year-old construction firm Cleveland Bridge based in Darlington has called in the administrators and is seeking a buyer this week having sent staff home.

According to reports in the Northern Echo the company that was ‘on the brink of collapse’ with more than 220 staff about to lose their jobs.

Ian Carrotte of ICSM said the situation was grim for suppliers to the outfit as it seemed unlikely they would be paid if the administrators failed to find a buyer and liquidated the company. He said: “The firm made a pre-tax loss in the last financial year but were known for some major construction projects like the Shard, Sydney Harbour Bridge and the suspension bridge over the River Severn in the 1960s. A firm of that size which also has ongoing projects in Sri Lanka will potentially bring down other companies with it. The red lights are flashing in accounts departments up and down the land.”

Dave Rogers writing on the Building website said: “The company, which has been majority owned by Al Rushaid Group since 2002 after the Saudi Arabian firm initially took a 50% stake two years earlier following an MBO by Cleveland Bridge management from previous owner Kvaerner, reported a £457,000 pre-tax loss in its last set of accounts for the year to December 2019 on turnover up 30% to £48m. In the accounts, the firm warned that ‘political uncertainty, in both the UK and Sri Lanka [where it has several jobs] in early 2019, meant [there had been] delays on project starts’.”

Meanwhile more firms in the construction industry have gone to the wall.

Runners and Riders

Below is a collated list taken from the Government’s London Gazette of various businesses who are experiencing problems in the last few weeks.


Administrators Appointed
Preston Paving (UK) Limited    06339407
UKL Projects Limited    05556420
Creditors’ Voluntary Liquidation Deemed in Consent Meetings
Castle Construction Building Limited    06830720
Masters Building Solutions Limited    10329327
Orange Civil Engineering Limited    11201582
Supreme Building Developments Limited    11185470
The Only Way is Kirk Limited    07563845
Liquidators Appointed
1st Solutions Infrastructure Contractors Limited    10766161
Bramber Construction Co Limited    01354167
Brian Hall Limited    08651094
Conform Concrete & Formwork Specialists Limited    04668122
Construction & Fit Out Solutions Ltd    10319223
Costhorpe Building Products Limited    03031707
Dents Fabrication Limited    10522881
Ethical Construction Limited    12486802
GFL Construction Limited    08864377
Luca Construction limited    10724706
M J P Joinery Services Limited    09784108
Northwood D&B Vision Limited    12108828
P and P Groundworks Limited    07480887
Platinum Home Refurbishments Limited    12308899
SB 82 LTD    12337959
TRW Northwest Limited    10410879
URBN Construction Limited    09689767
Walker Electrical Projects Limited    11246243
YSG Group Limited    11569405
Members Voluntary Liquidations
Advanced Cooling Solutions Limited    04758183
Hopkinson Plant Hire and Construction Limited    03749126
Plant Home Limited    05715808
RMP Homes Limited    03345434
The Building Renaissance Company Limited    03624100
White Rose Developments Limited    01968037
Petitions to Wind Up
Orchard Brickwork Limited    08562134
Winding up orders
Chic Building Limited    11305153
Ellis Walls and Ceilings Limited    07174441
Home Counties Interiors Limited    12051053
Purple Development Homes Limited    11621690
SPD Group NW Limited    09907101

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ICSM Credit has more than four decades of experience as a credit intelligence group whose members gain inside information about firms in trouble allowing them to avoid bad debts and rogue traders. To join costs less than a tank of fuel - while at the moment there's a special free temporary membership offer during the Covid-19 crisis which gives access to free legal letters. ICSM also has an effective debt collecting service which has a global reach - ask for details from Paul.

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