£53m turnover South West contractor lodges court notice
Regional contractor Acheson Construction has filed a notice of intention to appoint an administrator.
The £53m turnover firm has been in business since 1974 working across the South and South West of England.
Acheson specialises in projects from £500k to £25m+ in many different sectors, including defence, public sector, education, health, leisure, commercial, industrial and residential.
Its website adds: “Our experience also covers a variety of construction forms that include new build, modern methods of construction, refurbishment and conversion. We also have extensive experience of a range of procurement methods including design and build, traditional, negotiated, client partnering, single and two stage tendering.”
Latest accounts for the year to December 29 2023 show a turnover of £53m generating a pre-tax profit of £46,000 with Acheson employing 88 people.
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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