Liverpool M&E contractor HE Simm has gone under owing more than £18m to creditors.
Administrator Forvis Mazars has told supplier and subcontractors there is little prospect of seeing any return on the cash they are owed.
A report from administrators shows that the collapse left the firm’s 127 staff owed around £214,000 in unpaid wages and entitlements.
The long-established family-rrun contractor hit serious trouble on a series of fixed-price London jobs, including the Riu Hotel in Victoria and Ebury Bridge flats.
What began as high-profile schemes secured in the bounce back after the Covid pandemic soon turned into loss-makers as soaring material costs, supply chain problems, labour shortages and project delays combined to hammer margins.
Administrators said the southern division’s projects marked the start of the company’s financial collapse, diverting management focus and draining cash from the wider business.
By August 2023, several London schemes were under mounting pressure, prompting a full review that uncovered £20m of losses across six projects.
Despite long-standing client relationships and shareholder support totalling £17m — including a £9.9m equity injection in June 2025 — the firm was hit by the withdrawal of credit insurance, project cancellations and the collapse of a key client.
An attempted £5m fundraise in early 2025 briefly stabilised the company, but by summer it had run out of cash with suppliers refusing to deliver materials forcing
HE Simm into administration in early September 2025.
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