{"id":20838,"date":"2023-08-17T03:22:39","date_gmt":"2023-08-17T10:22:39","guid":{"rendered":"https:\/\/essential.construction\/news\/buckingham-group-files-administration-notice\/"},"modified":"2023-08-17T03:22:47","modified_gmt":"2023-08-17T10:22:47","slug":"buckingham-group-files-administration-notice","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/buckingham-group-files-administration-notice\/","title":{"rendered":"Buckingham Group files administration notice"},"content":{"rendered":"<p> <a href=\"https:\/\/essential.construction\/files\/membership-default-internal\/\" class=\"memberhide\"><img decoding=\"async\" src=\"https:\/\/essential.construction\/news\/wp-content\/uploads\/sites\/15\/2023\/01\/20220718_175041000_iOS.jpg\" alt=\"-\"><\/a><br\/><br \/>\n<\/p>\n<div>\n<p>The \u00a3700m turnover employee-owned business filed the notice yesterday giving it 10 days to keep creditors at bay.<\/p>\n<p>The move follows a main board shake-up just two weeks ago after group managing director Ian McSeveney tendered his resignation for long term health reasons after 17 years with the business.<\/p>\n<p>Simon Walkley stepped up to replace McSeveney after acting as deputy group MD for two years.<\/p>\n<p>In last reported accounts for 2021, the firm suffered a near \u00a311m pre-tax loss after taking a big hit on a major stadium job, believed to be Fulham FC\u2019s Craven Cottage Riverside stand.<\/p>\n<p>At the time Buckingham chairman, Mike Kempley, said that he expected to report steady sales for 2022, with its present strong order pipeline expected to lift revenue in 2023 to a record \u00a3725m.<\/p>\n<p>The firm hit the headlines in September 2021, when it became the largest contractor to switch to an employee ownership trust.<\/p>\n<p>At the same time, founder directors Paul Wheeler and Patricia Wheeler, along with long-standing group stadia director and park Kevin Underwood all retired from the board.<\/p>\n<p>The firm, founded back in 1987, has grown steadily on a mix of rail and stadium work and more recently warehouse and logistic building jobs.<\/p>\n<p>It presently employs over 600 staff.<\/p>\n<div class=\"break-out-box\">\n<p>Data and credit checking specialist Red Flag Alert highlighted the firms\u2019 administration notice with its regular checks of high court construction insolvency applications.<\/p>\n<p>Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts.<\/p>\n<p>The <em>Enquirer<\/em> has linked-up with Red Flag Alert to offer readers a discount on its services and help you avoid worthless invoices from insolvent companies.<\/p>\n<p>For more information and to benefit from the <em>Enquirer<\/em> discount click <a rel=\"nofollow noopener\" href=\"https:\/\/www.redflagalert.com\/sp\/partnership-construction-enquirer\" target=\"_blank\">here<\/a>.<\/p>\n<\/div><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5143531171910809\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- News - Bottom -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-5143531171910809\"\r\n     data-ad-slot=\"8320848692\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/www.constructionenquirer.com\/2023\/08\/17\/buckingham-group-files-administration-notice\/\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The \u00a3700m turnover employee-owned business filed the notice yesterday giving it 10 days to keep creditors at bay. The move &#8230; <a title=\"Buckingham Group files administration notice\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/buckingham-group-files-administration-notice\/\" aria-label=\"Read more about Buckingham Group files administration notice\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":20839,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[],"class_list":["post-20838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-construction-enquirer","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/20838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=20838"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/20838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media\/20839"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=20838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=20838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=20838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}