Surrey-based contractor Blenheim House Construction has made an administration application to the court just six months after it reported its first loss in 26 years of trading.
The building and fit-out specialist, which operates in the high-end London and wider south east market, employs around 80 staff.
Latest accounts for the year to April 2023 reported revenue up 28% to £87m with a small £137,000 loss.
Since this time, Blenheim House is understood to have run into cashflow problems that have caused it to struggle to pay some key subcontractors.
These are understood to stem from delayed payments from a client, itself impacted by the demise of Henry Projects.
Blenheim’s problems started coming to a head last week when London partitioning and drylining contractor Radius Construction issued a winding-up petition against the firm in pursuit of outstanding sums it is owed.
Blenheim House is presently working on several projects, including the upgrade and expansion of workspaces at the former Barratts Chocolate factory in Wood Green, North London for Workspace Group.
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.
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