Rumour has it that the UK demolition industry is about to lose another of its number, further underlining the fact that 2020 is a year to forget. But while we are working to turn rumour into fact, the latest episode of the Demolition Daily LiveStream shares the story behind the story.
Insolvency
Genesis of a sad story…
Northbank no more…
Social media statements suggest company has folded. A plethora of social media posts on Facebook and LinkedIn late last night suggest that North West of England demolition contractor Northbank Demolition has folded. The news broke too late to obtain official confirmation; but former employees have taken to social media to express their sadness at the…Read moreRead more
Cuddy Group administration update…
Cuddy Group provides latest update on calamitous collapse. Failed Welsh demolition contractor Cuddy Group has issued a statement naming the administrators appointed to handle its affairs. That statement – reproduced below – also shows the depth of the company’s collapse which has taken down the entire organisation. Alistair Wardell and Nick Wood were appointed joint…Read moreRead more
Cuddy Group offers some clarity…
Mike Cuddy blames ill health for collapse of Welsh contractor. Cuddy Group has given a statement to the BBC explaining that 54-year-old Mike Cuddy had been suffering since October 2016 from neurosarcoidosis, which can lead to inflammation of tissues. He spent six months in hospital and a further 18 months at home recuperating. The company…Read moreRead more
Cuddy crisis deepens…
Work stopped on major site as administration bites. It is just over a week since DemolitionNews broke the story that long-established Welsh contractor Cuddy Group had appointed an as-yet-unnamed administrator. Sadly, it appears that the crisis at the company is deepening. Industry news portal Construction News is reporting that work has been halted on at…Read moreRead more
Cuddy Group appoints administrators…
Welsh contractor in last-ditch bid to save business. DemolitionNews understands that leading Welsh demolition contractor and National Federation of Demolition Contractors member Cuddy Group is working with administrators in an attempt to save the ailing business. Cuddy Grouop sliding into administration is a further blow to an industry that has seen two big-name contractors –…Read moreRead more
Breaking News – PCD goes into liquidation…
Cheshire-based demolition company folds. DemolitionNews can exclusively report that Cheadle-based demolition contractor PCD Consultancy has entered voluntary liquidation. According to the Companies House website, the company issued an extraordinary resolution to wind-up the firm on 16 November 2017. Liquidator Clive Morris was appointed on 3 December 2017. A creditor’s report issued by the liquidator suggests…Read moreRead more
