Specialist affordable house builder enters administration
A house builder which has worked with many housing associations has entered administration with the loss of 41 jobs.
Saxonby (Affordable Housing) was placed into administration today, with partners from FRP Advisory appointed administrators.
A statement blamed “cashflow pressures” for the move, which saw 41 staff made redundant.
All live construction work has been paused while the administrators explore all options for the company.
The firm specialises in affordable developments and has worked with associations including Derwent Living, Wales & West, Midland Heart and Sanctuary, according to its website.
It is based in Shrewsbury, with many of its projects in the West Midlands.
Images of a 21 home scheme for Derwent Living in Alfreton, Derbyshire, and a 30 home scheme for Wales and West in Wrexham on the company’s website suggest they are still in progress.
Rajnesh Mittal, a joint administrator from FRP Advisory, said: “Unfortunately due to cashflow pressures Saxonby (Affordable Housing) has been forced into administration. The financial position of the company has meant that we have had to make 41 members of staff redundant today.
“We are currently evaluating the options to sell all or parts of the company and offering support and guidance to those who have sadly been made redundant.”
Interested parties or suppliers seeking further information should contact cp.birmingham@frpadvisory.com.
