Administrators from PKF Littlejohn Advisory were appointed to groundworks specialist Caldwell Construction Limited on 15th January 2025.
Accounts for Caldwell Construction showed that it turned over 拢58m in the year to 31st March 2025 and made a pre-tax profit of 拢131,000. The average number of employees during the year was listed in the accounts as 49.
Caldwell Construction was incorporated in 2007 and is owned by Andrew and Gemma Brown. It is based in Stoke-on-Trent with a northern office in Warrington. It markets itself as a specialist in the construction of new infrastructure, carriageways and footpaths.
Paul Smith, partner at PKF Littlejohn Advisory UK LLP, said the company had been affected by prolonged pressures across the construction sector.
Smith said: 鈥淭he construction sector has faced challenging trading conditions over recent years, including increasing costs, delays to schemes and wider market uncertainty. These pressures were exacerbated at Caldwell in recent weeks, placing significant strain on cash flow and operations.
鈥淭he PKF Littlejohn Advisory team in Manchester and Leeds had worked closely with Caldwell鈥檚 management over the past few months to explore all available options and potential solutions for the business.聽 Unfortunately, despite extensive efforts, it was not possible to secure a way forward that would allow the company to continue trading outside of an insolvency process.鈥�
Joint administrator Oliver Collinge added: 鈥淭he directors at Caldwell have taken the difficult decision to place the company into administration. Our immediate focus is now on supporting employees and stakeholders while we assess the position of the business and its assets.鈥�
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