Bedfordshire based civil engineering contractor LF Solutions Ltd has filed an administration notice.
Begbies Traynor are now believed to be in charge of the company which specialises in groundwork, civil engineering and formwork.
The firm also has a labour supply arm and its own fleet of plant and machinery.
Latest accounts for LF Solutions show the company had a turnover of £20.3m for the year to February 28 2024 generating a pre-tax profit of £218,000 while employing 15 staff.
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.The Enquirer has linked-up with Red Flag Alert to offer readers a discount on its services and help you avoid worthless invoices from insolvent companies.
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from Construction Enquirer https://ift.tt/xwMk2ER