Canbury Construction falls into administration

The firm provided pre-construction, construction management, main contractor and design and build services across all sectors including residential, commercial, leisure and retail.

Michael Sanders and Georgina Eason of MHA MacIntyre Hudson have been appointed Joint Administrators of the company.

A statement from Canbury said: “It is with deep regret that recent financial circumstances have meant the directors have taken steps to place Canbury Construction Limited into administration.”

Latest accounts for the company for the year to December 31 2020 show a turnover of £29.5m generating a pre-tax profit of £198,000 with the business employing 13 staff.

Data and credit checking specialist Red Flag Alert highlighted the firm’s fall into administration last week 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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