A family-run demolition company with more than two decades in business has entered administration after serving customers across the UK.
Forshaw Demolition, which has operated for 23 years and boasts more than 80 years of combined industry experience, officially entered administration on July 24.
The appointment of joint administrators Richard Cole, Stephen Kenny and Amy Lowden of KBL Advisory Limited was published in The Gazette.
The company has built a reputation for delivering demolition and decommissioning projects across the UK, typically working on contracts valued between £10,000 and £2 million.
Its services include asbestos removal, industrial decommissioning, and the dismantling of concrete and steel structures, including road and rail bridges.
Forshaw Demolition has also carried out residential demolition, city centre clearances and high-rise projects.
According to the company’s website, it has undertaken schemes nationwide, serving both public and private sector clients.
No reason for the administration has been publicly disclosed.
When a company enters administration, it is placed under the control of licensed insolvency practitioners after becoming unable to pay its debts or other financial obligations.
The process is designed to give businesses temporary legal protection from creditors while administrators assess whether the company can be rescued, sold or wound down in an orderly manner.
During administration, directors no longer control the day-to-day running of the business, with responsibility instead passing to the appointed administrators.
Under UK insolvency rules, administrators must normally put forward proposals for the company’s future within eight weeks of their appointment.
Creditors are then asked to vote on those proposals, which could include rescuing the business, selling all or part of its assets, or placing the company into liquidation.
A company can continue trading while in administration if the administrators believe doing so will help achieve the best outcome for creditors.
Administration usually lasts for up to 12 months unless an extension is approved by the court or creditors.
Daily Express has approached Forshaw Demolition for comment.
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