Home / Business and Economy / Caldwell Construction Collapses, 400 Jobs at Risk
Caldwell Construction Collapses, 400 Jobs at Risk
17 Jan
Summary
- Over 400 jobs are at risk as Caldwell Construction enters administration.
- The firm faced challenging trading conditions and cashflow issues.
- Administrators are now supporting employees and assessing assets.
Caldwell Construction Limited, a significant groundworks and civil engineering firm, has been placed into administration, putting over 400 jobs at risk. The company, which has its head office in Stoke-on-Trent and an office in Warrington, Cheshire, is now under the oversight of administrators from PKF Littlejohn Advisory.
Paul Smith, a partner at PKF Littlejohn, noted that the construction sector has endured difficult trading conditions recently. He explained that increased costs, project delays, and market instability were key challenges. These pressures were particularly acute for Caldwell in recent weeks, straining its finances and operations.
Despite efforts by management and administrators over several months to find viable solutions, a resolution could not be reached. Joint administrator Oliver Collinge stated that the immediate priority is to support the employees and stakeholders while a thorough assessment of the business and its assets is conducted.
