黑洞社区

M&E specialist FT Gordon collapsed with half a million pounds of debts, with a host of small businesses set to be left thousands of pounds out of pocket, 黑洞社区 can reveal.

The Oldham-based firm - which worked for main contractors including Laing O鈥橰ourke, Wates and Lovell - was closed down on 11 July by insolvency practitioner Bridgestones, with the firm liquidated this month and all 18 staff made redundant.

According to a statement of the company鈥檚 affairs, posted on Companies House, the firm collapsed with 拢529,148 in debts, with a host of creditors, including small businesses and the tax man to be left out of pocket.

The statement said 拢25,784 in unpaid wages and holiday pay was also owed to the firm鈥檚 employees.

However, there was only 拢5005 available in the pot to pay preferential creditors.

The debts included 拢78,253 owed to Edmundson Electrical; 拢73,417 owed to Moss Electrical NW; and 拢125,426 owed to Rooms Cable Systems.

The report also said 拢73,411 was also owed to HM Revenue & Customs for unpaid VAT and PAYE.

FT Gordon is one of a number of M&E contractors to fold in recent months after Leeds-based Airedale, Hampshire-based Specialist Engineering Contracts as well as three divisions of Rotary.

FT Gordon was established in 1960 and worked on a number of major projects in the north, including Manchester鈥檚 No 1 Spinningfields Square (pictured) and BT鈥檚 new telesales centre in Doncaster.

The news comes as yet another M&E specialist ceased trading, with chartered accountant Lovewell Blake appointed as liquidator for Knights Warner.

The M&E contractor had offices in Norfolk and Suffolk and had been trading for 70 years, with an annual turnover of 拢8m.

In a statement to the Eastern Daily press, the firm said: 鈥淚t was with much regret and sadness that the directors of Knights Warner Limited had to make the difficult decision that the company should cease trading on August 14, after almost 70 years of trading.

鈥淭he company is another victim of the effects of the economic downturn that has had a drastic effect on the construction industry.

鈥淚n order to remain competitive and win contracts, the company had to work to ever reducing margins and as a result of this and not being able to satisfactorily agree the final accounts on several large contracts, the continuation of the business was no longer viable.

鈥淭he company employed approximately 50 staff, working out of offices at Lowestoft and King鈥檚 Lynn, all of whom have been made redundant.

鈥淯nfortunately, the immediate cessation of trading has meant that the company has been unable to complete work which was in progress on a number of sites across the region.鈥�