General contractor Platinum Projects Europe has gone into administration.
The Enquirer understands the Greater Manchester based business went into administration on Friday and is now in the hands of Ideal Corporate Solutions.
Angry subcontractors contacted the Enquirer after repeated attempts to get their bills paid by the firm.
One said: “We were promised a cheque right up until the eleventh hour.”
Another added: “They were pushing for practical completion on the job we were doing then as soon as that was achieved the company went into administration.”
Latest accounts filed at Companies House for 2016 show Platinum Projects Europe made a pre-tax profit of £508,000 on a turnover of £13m.
The directors’ business review in the accounts said: “The company remains in a very healthy financial position, with shareholders’ funds at 31 December of £4.8m.”
The company also changed its name late last month to Bellmaine Central Limited.
from Construction Enquirer http://www.constructionenquirer.com/2018/06/04/subbies-left-out-of-pocket-as-north-west-contractor-goes-under/
via Tumblr http://ndbasilica.tumblr.com/post/174558087254
No comments:
Post a Comment