Warrington based construction firm goes into administration
Lindsey Cooper and Diana Frangou from Baker Tilly Restructuring and Recovery
have been appointed Joint Administrators to Warrington-based construction company Globe Management Services Ltd and its parent company, Aprilis Holdings Limited. A further group company, Globe Construction Management Ltd is expected to enter Creditors’ Voluntary Liquidation.
The companies, which are headquartered in the Trident Business Park, have ceased to trade with immediate effect and around 60 employees have been made redundant. A small number of staff members have been retained in the short term to help the Administrators carry out their duties.
The Administrators have appointed an independent firm of quantity surveyors to assist in reviewing around 20 ongoing building projects across the North West, for a range of private and public sector clients.
Lindsey Cooper, a Restructuring and Recovery Partner
at Baker Tilly said: ‘The financial issues faced by the business were such that the Directors had little choice but to place the companies into Administration. Regrettably, we have had to make around 60 staff redundant, and our specialist employee team has been assisting them to make claims with the Redundancy Payments Office.
Interested parties are invited to contact Alex Birch at Baker Tilly on 0161 830 4000.