Geoffrey Osborne files administration notice
Contractor Geoffrey Osborne has filed a notice of intention to appoint an administrator.
The famous industry name was founded in 1966 by civil engineer Geoffrey Osborne and its main shareholders are still the Osborne family.
Latest published accounts for the firm showed a turnover for the year to September 30 2021 of £325.8m generating a pre-tax profit of £2m while employing 800 staff.
Last year group chief executive Mark Hoyland stepped down after just one month in the top job while its offsite business Innovaré was sold to Bowmer & Kirkland.
The expanding Cardo Group also bought Osborne Property Services Limited (OPSL) last year while its infrastructure business was sold in 2021.
Data and credit checking specialist Red Flag Alert highlighted the firms’ administration notice with its regular checks of high court construction insolvency applications.
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