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.

Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts.

The Enquirer has linked-up with Red Flag Alert to offer readers a discount on its services and help you avoid worthless invoices from insolvent companies.

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