Hallam Contracts goes under
Published: 22 November, 2012
LEICESTER: Family-run builder Hallam Contracts has gone into administration with the loss of 105 jobs. Hallam is one of the oldest builders in the East Midlands.
Reports estimated that the firm owes £4m to around 300 subcontractors and suppliers. Hallam was working on up to 15 large projects, including a £12m contract for student accommodation for developer Victoria Hall at Godiva Place in Coventry. The firm is also building a £3m health centre for client Assura Medical in Leicester and just started work on a 42-house job in Coventry for Cassidy Group.
Family directors have called in administrators Begbies Traynor after facing a winding up petition from a subcontractor, reported to be owed £500,000. The owner of a south Leicestershire company, which is owed about £50,000 by Hallam, said he was unable to pay some of his workers. The owner, who did not want to be named, told the Leicester Mercury: ÒWe have got six subcontractors who have not been paid and might not be for some time. "A five-figure sum is very significant for a company like us."