Hawk Plant said Carillion’s failure had delayed projects the firm was working on
Shropshire-based Hawk Plant has been forced into administration two months after the company’s boss blamed Carillion’s collapse for delaying contracts it had been awarded.
EY has been appointed to act as administrators for the company, which recorded a £93.5m turnover and profit of £515,049 in the year to 31 December 2017.
In the company’s 2017 results, which were filed last November, chief executive Mike Hawkins said Carillion’s liquidation had caused some disruption, with contracts that had been previously awarded having to be rescheduled.
At the time Hawkins said: “Due to the high level of credit insurance in place on Carillion there will be a minimal write-off of balances outstanding at the time of liquidation.”
EY’s Sam Woodward, who is a joint administrator for Hawk Plant, also said Carillion’s liquidation had hurt the company, saying: “The group’s cashflow had been impacted by a number of historical problematic contracts and a delay in the commencement of anticipated projects.”
On appointment of the administrators, 83 of the group’s 420 employees were made redundant.
Hawk Plant subsidiary Enverity, a ground survey and sight inspection business based in Newark, which employs an additional 20-plus staff, remains solvent and unaffected by the administration.