The Heron Tower’s steel fabricator Allerton has gone into administration throwing an air of doubt over progress on the £242 million 183m high skyscraper.
Allerton Group, Allerton Industries, Allerton Engineering and Allerton Bridges were all put into administration on Thursday due to “cash flow pressures”, according to administrator Ernst & Young.
The 50-year-old firm is known for its work on Skanska’s Heron Tower project in London, but it is not yet known how the administration will affect the project.
Allerton won the deal last year to manufacture 3,000 tonnes of the heavier, complex basement-support steelwork elements for Severfield Rowen.
The company has also worked on the redevelopment of Landsdowne Road Stadium in Dublin.
Joint administrator Hunter Kelly of Ernst & Young said that he would attempt to sell Allerton Bridges and Allerton Engineering as a going concern.
He said: “The underlying business of Allerton Engineering and Allerton Bridges is profitable with a strong order book and a highly skilled workforce.
“We have already received expressions of interest from potential purchasers and are hopeful of achieving a successful outcome.”