UK construction company collapses into liquidation – £200k of debts | UK | News
A construction company in the United Kingdom went into liquidation due to debts exceeding £200,000. Oxford Builders Limited, based in Kidlington, Oxfordshire, applied for creditors’ voluntary liquidation earlier this month. The firm, which was founded in 2013, owed £205,100 to various creditors at the time of the bankruptcy, according to documents at Companies House. This includes £184,432 in VAT to HMRC, £11,000 to Santander and a total of £668 to supplier Earthline Limited.
He specialized in loft and house extensions and renovations and also offered consultancy services across the county. Jane Hardy and Rosalind Mary Hilton, of Adcroft Hilton Limited, Blackpool, were appointed joint liquidators on 10 April.
While the book value of the company’s assets, including vehicles, machinery and computer equipment, totals £43,138, they are expected to amount to just £1,680.
Creditors’ voluntary liquidation is a process by which a company’s directors seek to liquidate the company when debts cannot be paid, requiring the approval of at least 75% of shareholders.
The number of companies filing for bankruptcy increased each month of the year as rising wage bills and the Iran war increased costs.
Latest data from the Insolvency Service shows the number of company insolvencies rose by 7% month on month to 2,022 in March.
Company administrations increased by 52% to 235 between February and March, an 82% increase from March 2025, while compulsory liquidations increased by 18%.
The company’s voluntary arrangements also doubled to 20 during the month, figures showed.
Construction and manufacturing are among the sectors most affected by rising fuel and energy costs; Well-known ceramics firm Denby became the latest to be called into administration late last month after struggling with high prices.
Tom Russell, chief executive of trade group R3 for restructuring professionals, said: “Although it is too early to see the full impact of the worsening economic situation on official insolvency statistics, energy and fuel costs have risen significantly and for many businesses this has coincided with customers becoming more cautious about their spending.
“This combination is extremely challenging, especially for businesses with limited financial capacity.”
