Westridge Construction had a turnover of 拢64m in the year to 2022
East Sussex-based contractor Westridge Construction has filed a notice of intention to appoint administrators after more than three decades of trading.
The 拢64m-turnover firm filed the notice on 12 September, retaining London law firm Cripps Pemberton Greenish as counsel. The notice provides the firm with 10 working days protection from creditors to enable them to find an alternative to administration.
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Established in 1991, it employed around 214 in its last reported accounting period for 2021/2022.
In the accounts, covering the 12 months to the end of February 2022, the firm had increased its turnover by nearly 拢7m on the previous year, although its profit before tax fell by nearly 拢1m to 拢853,426.
It blamed the drop, which came before the impact of the Ukraine war on energy prices, on challenging trading conditions, significant cost increases and a rise in supply chain failures.
The firm worked on projects up to 拢15m in a wide range of sectors, including commercial, housing, healthcare and education. Its clients include housing associations, councils and two NHS trusts, Brighton and East Sussex.
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