Construction firm chooses Begbies Traynor for administration

27 January 2022 1 min. read
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The construction arm of Fortis Group has collapsed into administration. The firm was delivering on a 900-home housing project in Salford before it appointed restructuring experts from Begbies Traynor.

Founded in 2011, Beaumont Morgan Developments is the construction delivery partner of Fortis Developments, undertaking cross sector mainstream construction projects. Based in the North of England, the firm’s national coverage saw it deliver complex, turnkey solutions for clients across the UK.

Recent years have been tough for construction firms in the North West in particular, though. Bardsley Construction, Pochins, CPUK, Goodwins Construction Services Group, Harry Fairclough, Cruden Construction and Artez have all gone out of business since 2019 – and supply chain and pandemic pressures have now seen Beaumont Morgan go the same way.

Construction firm chooses Begbies Traynor for administration

Beaumont Morgan’s last financial results were for the year ended in March 2020. They showed the company turned over £47 million, and made a slim pre-tax profit of £64,400 – but that was before the pandemic. Its latest accounts are overdue.

Based out of Lancastrian Office Centre on Talbot Road in Stretford, Beaumont Morgan was delivering the 900-home Fortis Quay at Salford Quays before its collapse. Stephen Katz and Asher Miller, both partners at Begbies Traynor, will now lead the company’s administration, according to Companies House.

Begbies Traynor said of the news, “As a result of the pandemic and the well-publicised inflationary cost pressures affecting the construction industry Beaumont Morgan Developments Limited has ceased to trade and was placed into administration… We are currently working with our appointed agents to conduct an assessment of the company’s contracts and other assets, and will deliver our report and Statement of Proposals to creditors within eight weeks of our appointment.”