Claritas Group heading for liquidation

Grant Prior 11 months ago
Share

Kent based contractor Claritas Group is heading for liquidation after being sunk by cash-flow and inflationary pressures.

CEO and founder Jon Wardle confirmed the news in a statement while thanking staff and suppliers for the impact of the failure.

He said: “I am sad to announce that Claritas Group has started the process of a Creditors’ Voluntary Liquidation.

“Firstly, I must thank every member of the Claritas team that kept supporting me, each other, all our customers that supported the group and our supply chain until the very end.

“I am sorry that this decision will affect you and your families and will be forever grateful for your support and commitment. If you are currently recruiting or planning to, then please do look for a member of the Claritas team to fill your vacancy.

“Thank you to those customers that over the last couple of years have recognised and supported Claritas Group and the industry through the many challenges we have faced together and most recently the inflationary pressures that have not just affected the construction industry but the whole economy. I am truly sorry for the impact that this will have on your projects, people and businesses.

“The challenge of cash flowing and managing the losses associated with the inflationary pressures of these uncertain times was just too great.

“To our supply chain who supported us to the end. I thank all of you and I am truly sorry for the impact on you, your respective employees and supply chains. In many ways, you are the most important cog in our diverse and fragmented industry.

“To the many consultants that we have worked with and that have supported us over the years. Thank you. Successful construction projects are delivered by teams and the roles that you play are critical to those successes.

“I am passionate about our industry and if nothing else I hope that the Claritas Group’s sad demise can provide inspiration for a more sustainable and collaborative industry.

“Construction is what I know, what I am passionate about and I hope that I am afforded the opportunity to continue my personal journey in this great industry, and I look forward to working with and or talking about it with you for years to come.

“Right now, I am truly sorry if you are being affected by the Claritas Group’s failure in any way.”

Claritas specialised in projects up to £70m across the residential, commercial and education markets.

Latest accounts for Claritas Group for the year to March 31 2022 show a £50.4m turnover generating a pre-tax profit of £455,000.

The accounts show Claritas employed 113 people and owed £2.8m to trade creditors.

Latest news

Development firm fails hitting London building team for £2.6m

Luxury flats builder Ant Yapi was contracted to redevelop Westminster Tower site
21 hours ago

Government set to fund £1bn final HS2 London tunnel drive

Final tunnel drive to be taxpayer funded upfront with cash recouped later
21 hours ago

Amazon fires up Big-Box market with £500m job

Next generation triple floor super-shed to be built near Northampton
22 hours ago

Stricken road sweeper specialist rescued

Parts of hire specialist Go Plant bought out of administration by Sweeptech
22 hours ago

Costain highways lead joins Buro Happold

Paula Gough appointed to UK Development Director for Infrastructure
22 hours ago

G&H Group lands £20m+ M&E package from JJ Rhatigan

100-strong specialist team to start on West London site next week
22 hours ago

Bidding open for £800m professional services deal

Procure Partnerships encourages SMEs to bid with 9 regional lots
22 hours ago

Construction buyers see fastest growth for 14 months

Commercial building work leads the way in April
2 days ago

Go Modular Technologies files administration notice

Southampton bespoke volumetric specialist employs around 60 staff
2 days ago

Cladding firm went down owing supply chain £7.7m

Debts revealed at Everton stadium cladding contractor Alucraft Systems Ltd
2 days ago

Rydon dogged by legacy fire safety remediation costs

£19m spent on fire safety remediation work to date
2 days ago

Carpenter killed by falling timber frame panels

Court fines specialist contractor £8,000 after site tragedy
6 days ago

Trio of builders win King’s Award for sustainability

Henry Brothers, Willmott Dixon and ZED Pods recognised for sustainability
2 days ago

Kent police seize huge haul of stolen site tools

Hunt for power drill fitted with tracker busts tool theft ring
2 days ago

Robertson names new Northern construction chiefs

Ian Phillips promoted and Ricky Brown joins from Morgan Sindall
2 days ago

Road sweeper specialist files administration notice

Go Plant lodges court notice
6 days ago

Anglian Homes rides in to finish crashed Everest contracts

Rival doubled glazed window specialist commits to complete orders
6 days ago

Final work starts to connect super sewer to London system

End in sight with 1.5m thick concrete wall to be demolished to link-up to Lee Tunnel sewer system
6 days ago

Legal challenge launched against £1.5bn A66 dualling

Balfour Beatty, Kier and Keltbray must now await outcome of court challenge
6 days ago

John F Hunt wins 24-storey Battersea tower

Specialist to carry-out demolition, enabling works and RC frame construction
7 days ago

William Hare wins steelwork on £500m Broadgate towers

Specialist to work on 2 Finsbury Avenue with McAlpine
7 days ago

McAlpine appoints MD to grow ventures business

Owain Thomas will build on private rental and healthcare development successes
7 days ago

BAM Co-op Live Arena opening delayed yet again

Another gig cancelled last night amid last minute safety concerns
7 days ago

National Grid unveils winners for £9bn network upgrade

New 'enterprise model' to deliver infrastructure schemes quicker and cheaper
1 week ago

Turkish insulation panel maker to build £45m UK factory

Assan Panel to open first UK plant at Freeport East
7 days ago

Expanding consultant Stantec swoops for Hydrock

Stantec UK business expands by a third as 950 staff join from Bristol-based engineer
1 week ago

Contractors wanted for £800m highways deal

Bids invited for Eastern Highways Alliance Framework 4
7 days ago

Galliford Try names group head of infrastructure

David Lowery promoted to Divisional Managing Director – Infrastructure.
7 days ago

Chigwell Group looks at stock market listing

Essex contractor registers as Public Limited Company
1 week ago

A57 Mottram Bypass clears final legal challenge

Balfour Beatty to get go-ahead to start shortly
1 week ago

Contractor services