Facade specialist Skonto Plan UK has gone into administration.
The corporate, a subsidiary of Latvia-based Skonto Group, had operated within the UK since 2009 and employed 40 individuals.
Initially targeted on small tasks, the specialist agency put in facades for purchasers together with Berkeley Properties, Sir Robert McAlpine and Mace in recent times.
Its Latvian sister firm, Skonto Plan, carried out manufacturing, design and administration, whereas the UK arm targeted on set up.
Skonto Plan UK appointed Clare Lloyd and Colin Hardman of Evelyn Companions as joint directors on 14 August.
Development Information requested Skonto Group if it meant to proceed having any presence within the UK, however didn’t obtain a response. Skonto Plan UK was additionally approached for remark.
In its newest accounts, for the yr to 31 December 2022, Skonto Plan UK turned over £50.4m, up from £42.2m within the earlier yr.
The corporate posted a £205,736 pre-tax loss, which was down on the £7,998 revenue posted the yr earlier than.
On the time, it owed £18m to collectors, together with £2.1m to commerce collectors, the accounts confirmed.
The corporate’s 40 workers included two in its warehouse, 4 directors and 34 building staff.
A report from administrators within the accounts stated: “Skonto Plan UK has confirmed to be a reliable accomplice which provides and installs high-quality merchandise.
“Future plans by the administration of Skonto Plan UK Ltd embrace retaining and strengthening the present market place.”
Tasks it labored on in 2022 and 2023 included massive residential schemes for Berkeley Properties at King’s Highway Park in Chelsea, west London, and Mace’s Palmerston Court docket at Battersea Park, south London.
An Evelyn Companions spokesperson acknowledged their appointment as directors however declined to touch upon any of the circumstances of the administration.
