Major UK Construction Firm Falls Into Administration, Threatening 400 Jobs

A PROMINENT construction company has fallen into administration after nearly 20 years of trading, putting more than 400 jobs at risk. Caldwell Construction Limited, which was founded in 2007, has reportedly appointed administrators as it scrambles to find a solution. The firm specialises in delivering groundworks for companies across the Midlands, North West and Yorkshire. They have worked with major national housebuilders and developers including the Vistry Group, who confirmed Caldwell operatives have been pulled off its sites. A Vistry spokesperson said: “We have been in consultation with Caldwell Construction and it is unfortunate that this action has been taken. “To ensure there are no delays to construction programmes, we are in discussion with alternative subcontractors from our preferred supplier listings to continue the works.” More than 400 jobs have been put at risk at the company, which has a head office in Stoke-on-Trent and another office in Warrington, Cheshire. The company reported a turnover of £58.4m last year, but its operating profit was reported at less than £1m. Caldwell Construction has sponsored a stand at its local team, Stoke City FC’s, Bet365 Stadium since 2019. The groundworks and civil engineering firm has faced difficult trading conditions over recent years. After working with the firm for a number of months, a spokesperson from the administrators said: “These pressures were exacerbated at Caldwell in recent weeks, placing significant strain on cashflow and operations. “Our immediate focus is now on supporting employees and stakeholders while we assess the position of the business and its assets.”