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Administrators from FRP Advisory are now in control of the £43m turnover business.
Howard Russell works across the UK as a design and build contractor for a wide range of sectors.
Latest results for the firm for the year to March 31 2022 show a pre-tax profit of £790,000 from a turnover of £43.5m with 31 staff working at the company.
Accounts show that the company owed £4.4m to trade creditors at the end of the 2021/22 financial year.
In its forecast for this year Howard Russell was predicting a turnover of up to £80m based on a rising number of negotiated contracts.
Data and credit checking specialist Red Flag Alert highlighted the firms’ administration notice with its regular checks of high court construction insolvency applications.
Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts.
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