More than 400 employees are receiving support after a groundworks company entered administration.
Caldwell Construction, headquartered in Stoke-on-Trent, appointed administrators PKF Littlejohn Advisory UK LLP last week after mounting cashflow pressures.
The firm provides groundworks services for several national housebuilders and reported revenues of around £58 million for the year to March 2025.
Paul Smith, a partner at PKF Littlejohn Advisory UK LLP, said: “The construction sector has faced challenging trading conditions over recent years, including increasing costs, delays to schemes and wider market uncertainty. These pressures were exacerbated at Caldwell in recent weeks, placing significant strain on cashflow and operations.
“The PKF Littlejohn Advisory team in Manchester and Leeds had worked closely with Caldwell’s management over the past few months to explore all available options and potential solutions for the business.
“Unfortunately, despite extensive efforts, it was not possible to secure a way forward that would allow the company to continue trading outside of an insolvency process.”
Joint Administrator, Oliver Collinge, added: “The directors at Caldwell have taken the difficult decision to place the company into administration.
“Our immediate focus is now on supporting employees and stakeholders while we assess the position of the business and its assets.”
Caldwell Construction’s Midlands office is in Etruria, and it has another base in Warrington.
Anyone affected by the administration should email Caldwellconstructionlimited@pkf-l.com
