UK construction firm with £58m turnover collapses into administration | UK | News

It is understood that a British construction company with a turnover of around £60 million is looking to appoint an administrator. Caldwell Construction has reportedly notified its intention to appoint administrators after reports emerged that staff were not being paid as tensions were high near Liverpool.

The Stoke-on-Trent groundworks contractor has reportedly ordered hundreds of subcontractors to stay at home this week following concerns many had not been paid wages last Friday. Construction Surveyor. According to accounts for the last financial year published on the government website, its turnover in the year to March 2025 was £58.4 million, but it reported an operating profit of less than £1 million at £936,437.

Caldwell carries out foundation works, including foundations and masonry, for domestic and commercial properties primarily in the Midlands and North West.

Vistry Group, which has confirmed that Caldwell developers have withdrawn from its sites, is working on sites for housing developers.

A Vistry spokesman said: “We have consulted with Caldwell Construction and it is unfortunate that this action has been taken.

“To ensure there are no delays to construction schedules, we are negotiating with alternative subcontractors from our preferred supplier lists to continue work.”

Caldwell was founded in 2007 and employs around 50 staff at its Stoke head office and North West base in Warrington.

The Express has contacted Caldwell Construction Ltd for comment.