Contractor behind major Salford scheme goes into administration
North West contractor Beaumont Morgan Developments has gone into administration due to “pandemic related cost pressures.”
The Manchester-based firm worked primarily as a contractor for Fortis Developments, which has schemes across Manchester, Salford, Leeds and Birmingham.
Fortis shares three directors with Beaumont Morgan.
Documents filed at Companies House confirm Begbies Traynor is now in charge of the £47m turnover contractor which is based out of Lancastrian Office Centre on Talbot Road in Stretford.
BMD has been building the 900-home Fortis Quay residential scheme in Salford where the latest two towers are nearing completion.
It has also been working on Adelphi Wharf, a large-scale new build apartment project that is a key component for the regeneration of Salford.
The £76m three-phase project is comprised of over 550 units built to high-spec finishes with incorporated gym and underground parking.
Latest accounts for BMD for the year to March 27 2020 show a pre-tax profit of £67,433 from a turnover of £47.18m with the company employing 61 staff.
Stephen Katz and Asher Miller, both partners at Begbies Traynor, will lead the administration.
A Begbies Traynor spokesperson said: “As a result of the pandemic and the well-publicised inflationary cost pressures affecting the construction industry Beaumont Morgan Developments Limited has ceased to trade and was placed into administration on 13th January 2022, with Asher Miller and Stephen Katz, both of this firm, appointed as Joint Administrators.
“We are currently working with our appointed agents to conduct an assessment of the Company’s contracts and other assets, and will deliver our Report and Statement of Proposals to creditors within 8 weeks of our appointment.”