The construction division of the Fortis Group has collapsed into administration. The company delivered a 900-unit housing project in Salford before hiring restructuring experts from Begbies Traynor.
Established in 2011, Beaumont Morgan Developments is the construction supply partner of Fortis Developments, delivering mainstream cross-industry construction projects. Based in the north of England, due to its national coverage, the company delivered complex turnkey solutions to clients across the UK.
However, the past few years have been tough, particularly for construction companies in the North West. Bardsley Construction, Pochins, CPUK, Goodwins Construction Services Group, Harry Fairclough, Cruden Construction and Artez have all gone out of business since 2019 – and supply chain pressures and the pandemic have now resulted in Beaumont Morgan following the same path .
Beaumont Morgan’s latest financial results were for the year ended March 2020. They showed the company was turning over £47m and had a meager £64,400 pre-tax profit – but that was before the pandemic. The last accounts are overdue.
Beaumont Morgan is based in the Lancastrian Office Center on Talbot Road in Stretford and supplied the 900 dwelling unit Fortis Quay at Salford Quays prior to its collapse. Stephen Katz and Asher Miller, both partners at Begbies Traynor, will now lead the company’s administration, according to Companies House.
Begbies Traynor said of the news: “As a result of the pandemic and the widespread inflationary cost pressures affecting the construction industry, Beaumont Morgan Developments Limited has ceased trading and has been placed under administration… We are currently working with our appointed agents to implement a valuation of the Company’s contracts and other assets and will submit our report and offer statement to creditors within eight weeks of our appointment.”