275 jobs are lost as administrators for Ardmore Construction Group Ltd (ACG) and its trading subsidiaries have been confirmed
Dominik Theil-Czerwinke and Jamie Taylor of BTG and Jason Callender of Panos Eliades Callender & Co have been named as the Ardmore Construction administrators.
The administrators will be acting on behalf of Ardmore Fitout Ltd, Major Projects, Ltd, Regeneration Ltd, Facades Ltd, and Hotels & Commercial Ltd.
A hit of millions
It is understood that binding providers are facing costs of £100m due to the Ardmore collapse after years of compounding losses and collapses.
The Ardmore Construction Group generated a pre-tax loss of £42.6m as of 30 September 2024, with a £343.8m turnover.
Trading has now ceased across the businesses, and immediate action has been taken to secure key members of staff in the remaining employees.
As previously reported, the group has blamed worsening finances on needing to remediate legacy projects following the results of the Grenfell Inquiry, as well as slowed progress.
Ardmore was one of the largest private contractors in London, with projects in residential towers, hotels, and mixed-use developments, but especially after Ardmore Construction Ltd went into administration last year, has been more selective in which contracts it takes.
Construction remains the lead in administrations
In July last year, data from Shakespeare Martineau revealed that 10% of the 783 businesses that entered administration in the first half of 2025 were construction firms, down from 11% the year before.
In spite of the yearly decline, the overall number of administrations remains 3% higher than in 2023.
The North West was the region with the highest number of business failures, taking over London with 165 failed businesses from 2024, and London trailed close behind with 158.
Andy Taylor, partner and head of restructuring at Shakespeare Martineau, said: “While the year-on-year drop in administrations is worthy of note, the overall picture for business remains challenging.
“The North West becoming the worst-hit region is a significant shift. This suggests that distress is becoming more geographically widespread, no longer concentrated in Greater London and the South East. Local economic factors – including legacy pandemic debt, delayed investment and supply chain costs – continue to weigh heavily.
“These figures, while worthy of note, do not detract from the fact that the trading environment for many businesses remains highly challenging. Many companies are surviving through short-term fixes, but without sustained growth, improved consumer confidence and better access to funding, there are still choppy waters to navigate.”
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