Middlesex based groundworks contractor Kaybridge Construction (Barnet) Ltd is due to be placed into liquidation today.
A deemed consent notice in The Gazette this week confirmed that Redmans Insolvency Services is set to be appointed once confirmed by creditors.
Kaybridge has been in business since 1972 providing groundworks, substructures and superstructures across the UK.
Latest results for the year to August 31 2023 show the firm had a turnover of £30.6m generating a pre-tax loss of £1.5m.
Data and credit checking specialist Red Flag Alert highlighted the firms’ administration notice with its regular checks of high court construction insolvency applications.
Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts.The Enquirer has linked-up with Red Flag Alert to offer readers a discount on its services and help you avoid worthless invoices from insolvent companies.
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