Everton stadium cladding firm files administration notice
Alucraft Systems Ltd had filed a notice of intention to appoint an administrator.
The Staffordshire based cladding specialist started its highest-profile project to date last May to deliver the curtain walling, aluminium rainscreen and composite cladding to the new Everton Football Stadium.
An update shared by the company on social media last month showed the successful installation of the initial batch of cladding panels on the South elevation of the stadium.
Latest results for Alucraft Systems Ltd for the year to December 31 2022 show a turnover of £18.7m generating a pre-tax loss of £5.7m while employing 82 staff.
Alucraft Systems Ltd is one of four businesses that form the Clarison Group of cladding specialists.
The other three firms – Alucraft Ireland Ltd, EAG and Williaam Cox – are all trading profitably.
Data and credit checking specialist Red Flag Alert highlighted the firms’ administration notice with its regular checks of high court construction insolvency applications.
Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts.
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