{"id":885407,"date":"2026-01-16T16:33:18","date_gmt":"2026-01-16T22:33:18","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/01\/16\/potteries-contractor-files-for-administration\/"},"modified":"2026-01-16T16:33:18","modified_gmt":"2026-01-16T22:33:18","slug":"potteries-contractor-files-for-administration","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/01\/16\/potteries-contractor-files-for-administration\/","title":{"rendered":"Potteries contractor files for administration"},"content":{"rendered":"
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\"Padlock_administrations_generic.jpg\"<\/p>\n

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Groundworks and civils contractor Caldwell Construction Ltd has filed a notice of intention to appoint administrators as it scrambles to find a buyer and fend off creditors.<\/p>\n

The notice was filed yesterday (14 January).<\/p>\n

Founded in 2007, the firm specialises in delivering groundworks for housebuilders and developers in the Midlands, North West and Yorkshire.<\/p>\n

Its most recent accounts, covering the year to 31 March 2025, showed that Stoke-based Caldwell employed a monthly average of 49 staff.<\/p>\n

Caldwell\u2019s directors sounded optimistic in the latest accounts, which showed a pre-tax profit of \u00a3130,884 from turnover of \u00a358.4m.<\/p>\n

\u201cThe directors aim to follow the same management policies that have resulted in significant growth over the past five years,\u201d the accounts said.<\/p>\n

\u201cThey consider that the next year will show further growth in sales from continuing operations.\u201d<\/p>\n

The firm had undertaken a \u201cstrategic financial review which resulted in significant additional funding being introduced in the year and a clear plan to manage working capital\u201d, the directors noted.<\/p>\n

They added: \u201cThis will enable the business to capitalise on considerable growth potential as housebuilding accelerates in line with government targets as recently reported in mainstream media post-November 2025 budget.\u201d<\/p>\n

The latest accounts showed the firm\u2019s cash at hand more than halved from \u00a35.7m to \u00a32m, and the firm\u2019s short-term repayable bank loans grew sixfold to \u00a32.5m.<\/p>\n

Loans due for repayment after 12 months fell from \u00a31.7m to \u00a3723,849, though.<\/p>\n

While turnover was down on the previous year\u2019s \u00a365.4m, Caldwell\u2019s restated 2024 figures delivered a pre-tax loss of \u00a32.9m after an internal review resulted in \u00a35.1m of exceptional costs.<\/p>\n

This restatement also resulted in the shareholders repaying their \u00a32m recommended dividend, the accounts said.<\/p>\n

According to data intelligence provider Glenigan, the firm has a dozen active projects, including work for Ascena Developments on a \u00a375.1m residential scheme in Manchester that is due for imminent completion.<\/p>\n

Caldwell\u2019s other residential groundworks jobs in North West England include Kellen Homes\u2019 \u00a330m scheme in Manchester and for Prospect Homes\u2019 \u00a332m job in Widnes, said Glenigan.<\/p>\n

Calls to the firm\u2019s office number went unanswered.<\/p>\n

*Update:\u00a0PKF Littlejohn Advisory was appointed as administrators of Caldwell Construction Ltd after this story was published<\/em>.<\/p>\n<\/div>\n<\/div>\n

Read More<\/a>
\n Ben Vogel<\/p>\n","protected":false},"excerpt":{"rendered":"

Groundworks and civils contractor Caldwell Construction Ltd has filed a notice of intention to appoint administrators as it scrambles to find a buyer and fend off creditors. The notice was filed yesterday (14 January). Founded in 2007, the firm specialises in delivering groundworks for housebuilders and developers in the Midlands, North West and Yorkshire. Its<\/p>\n","protected":false},"author":1,"featured_media":885408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26535,147470],"tags":[],"class_list":{"0":"post-885407","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-contractor","8":"category-potteries"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/885407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=885407"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/885407\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/885408"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=885407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=885407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=885407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}