Administration of original company sparks speculation.
A flurry of phone calls to Demolition News Towers this week suggested that power station demolition powerhouse Brown and Mason had been placed in administration. But all is apparently not as it appears.
Industry newspaper Construction News is reporting that Brown and Mason Limited – formerly a £50 million turnover firm owned by Terry Brown – appointed Cornerstone Business Recovery to act as administrator on 21 September. The company had not filed new accounts since January 2019 and its latest set of accounts are two months overdue. Parent company Brown and Mason Holdings Limited has appointed the same administrator.
However, the assets and contracts of the firm had already been acquired by Brown and Mason Group Limited. The company, which was formed in 1985 and changed its name from Brown & Mason Plant Hire Limited last year, is controlled by Brown’s son Nick Brown.
Brown and Mason put out a statement distancing itself from the firms that filed for administration. It said: “We can confirm that Brown and Mason Holdings Limited (BMH) and Brown and Mason Limited (BML) have no connection to the trading and operations of Brown and Mason Group.
“It is widely known that we are a third-generation family business. As such, there are companies owned by different family members, and which share similar names. BMH and BML are two such legacy companies owned by a retired member of the family who does not have any interest in the continuing businesses. We are further able to confirm that Brown and Mason Group is trading and operating as normal.”
Speaking to Construction News, Nick Brown said the companies that had gone into administration were dormant, but could not comment further on their reason for appointing an administrator.
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