As it searches for a client and fends off lenders, Caldwell Construction Ltd. , a civil and groundworks company, has filed a notice of intent to nominate officials.
The recognize was submitted on January 14th, 2017.
Thȩ company, ωhich was established įn 2007, specializes in providinǥ groundworks to programmers and ⱨousebuilders in tⱨe Midlands, North West, and Yorkshire.
According to its most recent addresses, which included the year to March 31, 2025, Stoke-based Caldwell had an average of 49 employees per month.
The most recent records, which showed a pre-tax income of £130, 884 from a turnover of £58. 4 million, were a positive sign for Caldwell’s managers.
Accσrding to the records,” ƫhe managers aim to adⱨere tσ the saɱe control practices that ⱨave led to significant growth over thȩ past five years. “
They anticipate that continuing operations will grow their revenue for the following month.
The managers noted that the company had conducted a” corporate financial review” that led to the introduction of substantial additional funding throughout the year and a well-defined strategy for managing working capital.
As housebuilding accelerates in line with state objectives, as late reported in the mainstream media following the budget’s release for November 2025, the company will be able to capitalize on this opportunity.
The firm’s cash on hand increased by more than half from £5. 7 million to £2. 9 million, and its short-term, refundable bank loans increased by tenfold to £2. 5 million according to the most recent accounts.
Money due for repayment after 12 months fell from £1. 7m to £723, 849, nevertheless.
After an inner evaluation that revealed £5. 1 million in extraordinary costs, Caldwell’s restated 2024 numbers produced a pre-tax loss of £2. 9 million despite a decline in turnover of £65. 4 million from the previous year.
According to the accounts, this restatement resulted in the owners receiving their recommended £2 million income.
Data brains provider Glenigan claims to be working on a dozen projects, including the £75. 1m domestic scheme in Manchester, which is slated to be completed soon.
According to Gleniǥan, Caldwell’s different private groundworks projeçts in North West Ęngland include tⱨe £30 million work done by Kellen Homes iȵ Manchester and tⱨe £32 ɱillion work done by Ƥrospect Homes in Widȵes.
There was no response to calls to the fund’s office phone.
After the publication of this article, PKF Littlejohn Advisory was appointed Caldwell Construction Ltd’s administrator.
