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Projects ‘on track’ following Killby & Gayford collapse

A string of projects left up in the air by collapsed building refurbishment firm Killby & Gayford are either on track or close to returning to schedule, according to clients.

The 152-year-old building company was placed into administration last week, leading to the majority of its 255 workforce being made redundant.

The firm had specialised in refurbishment work, primarily of bank branches and offices, as well as general renovation of commercial offices, schools and historic buildings.

Administrators from BDO, Shay Bannon and Danny Dartnaill, said the collapse was down to “the economic climate and difficult trading”. The company had a £77.5 million turnover in 2010, with a pre-tax profit of £1.9m.

It is seeking buyers for assets of the firm, which was based in London and had additional offices in Cambridge, Leeds and Billericay.

Graham Fraser’s family firm Fraser’s Timber, in Brentford, had supplied Killby & Gayford for three years.

Mr Fraser said he had been left with £23,000 of unpaid invoices after Killby & Gayford had been underpaying invoices since last summer, with staff repeatedly asking Mr Fraser to send in extra copies.

He told CN: “Six months ago it would have definitely sent us down. We might just get through it - but that’s not the point. We have been strung along, we really have - and I feel bitter about it.”

The administration left a number of incomplete projects.

The Institution of Civil Engineering’s £5.2m office refurbishment in Storeys Gate has stopped, with the ICE “in the process of appointing a replacement”.

Killby & Gayford was leading on a £8.9m project at the Photographer’s Gallery in London’s Soho.

A spokesman said the works are on track with the remaining team. The company was also part of a £20m project to extend the Holly House Private Hospital in Essex and the Royal Marsden Hospital.

According to credit firm Top Service, there are 20 unsatisfied county court judgements worth £194,127 lodged against Killby & Gayford.

 

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