North West house builder goes into administration

Administrators from Quantuma Advisory Limited are now in charge of the business which was a leading developing contractor for the construction and housing sector across the North West and has built more than 1,000 homes.

Staff were told the news yesterday.

A company update seen by the Enquirer said: “The Joint Administrators are currently working alongside potential funders and senior management to assess the options available to them to restructure the Company and allow it to continue to operate.

“We are very conscious that the wages and salaries due to be paid on 31 March 2023 remain unpaid.  With it being so early in the process, we are unable to provide details of a timetable for events, however, we shall endeavour to provide updates in a timely manner, as and when appropriate.

“As soon as we have more certainty on funding, we shall then be able to provide more certainty around dates.

“We appreciate the difficulty of these circumstances for you and thank you for your patience at this time.”

Latest accounts filed for the year to May 31 2022 show the company had a turnover of £81m generating a pre-tax profit of £245,000 while employing 106 staff.

Lane end is currently on site on a string of projects including a 205-unit development in Winsford with Jigsaw Homes and a 100 unit scheme for Clwyd Alan at Northern Gateway in Deeside.

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