Creditors say they are owed more than £9m by collapsed Northumberland contractor Howard Russell Construction, according to newly published documents.
The Cramlington design and construction business appointed specialists from FRP Advisory in May, just months after posting a jump in turnover and hopes of future growth. The company had been involved in high profile UK and North East schemes including work at the North East advanced manufacturing hub IAMP and the City Gate offices at Gallowgate, Newcastle. Its most recent accounts predicted a big sales rise to £80m for 2023, based on its secured orders.
But a catalogue of challenges plunged the firm into financial difficulties before its eventual collapse, resulting in 45 jobs losses. The chain of events has now been revealed in a report by joint administrators Steven Ross and Allan Kelly of FRP Advisory. The report outlines how the company worked across the UK as a main construction contractor.
