Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Killby & Gayford goes into administration

Historic contractor Killby & Gayford went into administration today.

Audit, accounting and business services firm BDO has been appointed as administrator to the company.

Killby & Gayford – which began contracting in 1860 – specialised in high quality jobs, predominantly in the restoration and refurbishment market. Its projects have included 10 Downing Street.

It is understood to have employed 300 staff. The company had a £77.5m turnover in 2010, with pre tax profit of £1.9m, according to the most recent accounts.

The company was subject to a management buy out in 2007, with a team led by then managing director Chris Chivers. Along with its head office in Clapham Common, K&G has a regional office and joinery works in Billericay, Essex.

Emma Bridges, from credit firm Top Service, said her company had been monitoring Killby & Gayford for months, with complaints about late payment from 28 different customers.

Ms Bridges said Top Service has had about 80 different reports of slow payments over the last 12 months.

She said:  “We could see these payment terms getting longer and longer, which led to monitoring the company really closely, which in turn led to contacting the courts and being able to pick up that they filed for administration this morning and have since confirmed that BDO has been appointed.”

Ms Bridge said there had also been nearly £107k of county court judgements, from February to April. These included one over £25,000 on April 12.

 

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.