Loss of jobs as South West Construction firm enter administration
17 Dec 2018

Bristol-headquartered company, Helm Construction has ceased trading after experiencing cash difficulties. The firm which operated mainly within the South West appointed administrators, Opus Business Services on 3rd December 2018.

The organisation, who had 50 members of staff, made redundancies before ceasing trading, leaving the majority of them left without a job before Christmas. Interestingly, after announcing their administration, Opus has received a number of expressions of interests to acquire the assets of the company.

Allister Manson, a partner at Opus said “Helm Construction was placed into administration on Monday (3rd December) and it effectively ceased trading.”

“We are talking to a number of interested parties, but I don’t think at this stage any of them are interested in the business as a whole.” he continued.

Allister Manson concluded “The company wasn’t paid for a number of its contracts that it was undertaking. There may be disputes arising, it’s hard to say.”

If you are a construction business and are concerned about your creditors paying out, please speak to our team of specialist advisors about our Credit Insurance Policies.