Ad
Saturday, May 10, 2025
19.5 C
London

U.K. Edition

Jobs saved after Acorn Scaffolding falls into administration

- Advertisement -

Over 130 Staff safe after Acorn Scaffolding (Yorkshire) Ltd calls in administrators.

The North Yorkshire based specialists Acorn, provided scaffolding services to housebuilders and the events sector. Past projects included the awarding-winning ‘Steel Yard‘ structure used at Creamfields.

Howard Smith and David Costley-Wood from KPMG’s Restructuring practice were appointed as joint administrators to Acorn Scaffolding (Yorkshire) Ltd on 2 December 2019.

According to a statement seen by ScaffMag, Acorn had absorbed the impact of several key customers’ entering administration, the company was unable to withstand cash flow pressures resulting in insufficient working capital to trade through the quieter winter season.

As a result the company’s directors took the necessary steps to place the company into administration.

Upon their appointment, the administrators concluded a sale of the business and the majority of its assets to Acorn Construction (Yorkshire) Ltd, a connected party.

As a result of this transaction, a total of 132 employees were transferred to the purchaser under TUPE regulations.

Howard Smith, associate partner at KPMG and joint administrator, said: “The company’s directors explored all avenues before reluctantly placing the business into administration. However, the sale secures a future for the business in Yorkshire and saves jobs in the region.”

- Advertisement -

Popular this week >

Three Workers Killed at Texas LNG Terminal

Editor's Note Update: Earlier reports that a scaffold collapse...

Scaffolder Dies After Fall at Hong Kong Site Despite Wearing Safety Harness

A 62-year-old scaffolder has died after falling from a...

NASC Launches Second Phase of TG30 Scaffolding Guidance

Today, the National Access and Scaffolding Confederation (NASC) announced...

UK Team Secures Final Spot in ScaffChamp 2025

Scaffmag can exclusively reveal that Lancashire-based AK Scaffolding Ltd...

Star Scaffolding’s Mark Chard Shortlisted for Top Business Award

Managing Director of West Bromwich-based Star Scaffolding, Mark Chard,...
- Advertisements -

Related Articles >

Sheffield scaffolding firm secures £250,000 boost to fuel Yorkshire expansion

A family-run scaffolding firm in Sheffield has received a £250,000 funding boost to support its continued growth following the acquisition of a Barnsley-based business. Hi-Point Access, which has doubled its turnover since 2021, has...

Latest Topics

Scaffold Testing Tech Maker Staht Sets £1m Goal

A West Midlands testing specialist has marked its fifth...

Stork Secures Major Inspection Contract with Ithaca Energy

Stork, a recent acquisition by industrial services giant Altrad,...

UK Team Secures Final Spot in ScaffChamp 2025

Scaffmag can exclusively reveal that Lancashire-based AK Scaffolding Ltd...

Scaffolder Dies After Fall at Hong Kong Site Despite Wearing Safety Harness

A 62-year-old scaffolder has died after falling from a...
- Advertisement -

Popular Categories