Two north west contractors in administration
Two specialist contractors operating in the north west have collapsed into administration after struggling to regain profitability following the Covid 19 pandemic.
Administrators from insolvency specialist Leonard Curtis have taken over at Lancashire-based steeelwork specialist James Killelea & Co.
The firm has struggled to return to normal trading levels since the pandemic with revenue plunging to £11m last year from a peak of £27m in 2019 when Killelea returned a profit of £1.8m. Since that peak the firm has struggled suffering losses for three years.
Killelea has been in business since 1970 providing structural engineering services including 3D building design, structural steel fabrication and erection.
One of the company’s highest profile recent projects was the £20m new Luton airport car park which hit the headlines last week when it caught fire.
Killelea worked for recently collapsed main contractor Buckingham Group on the Luton job.
In Cheshire, civils and building contractor M Igoe Ltd has suffered a similar fate with administrators from BDO taking control after the firm filed an intention to appoint an administrator late last week.