close
Share with your friends

Administrators appointed to Cruden Group

Administrators appointed to Cruden Group

Howard Smith and David Costley-Wood were appointed Joint Administrators of Cruden Group Limited, Cruden Construction Limited and Cruden Property Services Limited (‘The Group’) on 31 July 2020.

1000

Also on home.kpmg

Based near Warrington and employing 126 people, the Group operated within the construction and property services sectors predominantly across the North West of England.

Following losses on a number of contracts and additional costs caused by the COVID-19 pandemic, due to contract delays, the directors took the difficult decision to place the company into administration.

Regrettably, upon appointment the administrators made circa 100 employees redundant, with the remaining staff being retained to support the wind down of the business. Agents have been appointed to realise value in the Group’s construction and maintenance contracts, alongside other tangible assets including a freehold property.

Howard Smith, associate partner at KPMG and joint administrator, said: “While trading had been challenging for some time, the impact of COVID-19 was the final straw. Discussions to sell the business did not progress, leaving no option but to close.

“Our priority over the days ahead is to support those members of staff who have been affected by redundancy, providing them with any assistance they need.”

-ends-

For further information, please contact:

Katy Broomhead, Senior PR Manager

Tel: 0161 264 4623 / 07824 537963

Email: katy.broomhead@kpmg.co.uk

KPMG Press Office: 020 7694 8773

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 21 offices across the UK with approximately 17,600 partners and staff.  The UK firm recorded a revenue of £2.40 billion in the year ended 30 September 2019. KPMG is a global network of professional firms providing Audit, Tax, Legal and Advisory services. It operates in 154 countries and has 200,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

© 2020 KPMG LLP a UK limited liability partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal