Project has seen failure of several subbies with others in talks with Galliford Try over financial disputes
United AG has become the latest subcontractor working on the 2012 athletes’ village to go bust.
The £3m-turnover specialist contractor - which has been working on the troubled final phase of the Olympic athletes’ village for main contractor Galliford Try - has gone into voluntary liquidation and has called in administrator FRP Advisory to handle the process.
All 26 members of staff were made redundant prior to FRP’s appointment.
A source close to the athletes’ village project claimed the Essex-based windows and doors subcontractor, “still had work to do” on the Olympic scheme.
Building reported last week that Galliford Try is in talks with three other subcontractors over financial disputes arising from lost time on the final two plots of the village - N13 and N26.
United AG’s failure comes a week after Olympic cladding contractor Parry Bowen - which worked on other parts of the athletes village - went into administration, with 150 job losses.
Other subcontractor failures across the project include P Elliott and Trent Concrete.
In February, the ODA said the overall cost of the village had gone up £11m to £709m, mainly due to the cost of paying for continued supply from companies that had gone bust.
An ODA spokesperson said: “The Olympic village remains on schedule to be completed and transferred to the London Organising Committee in January. It is not for the ODA to comment on commercial matters between Galliford Try and their subcontractors.”
- In a separate development, Belfast-based cladding specialist Alu-Fix went into administration with the loss of 40 jobs.