Torsion Construction enters administration
Summary
Torsion Construction has entered administration after efforts to secure a rescue solution failed, with the company citing prolonged difficult trading conditions and project-specific commercial pressures. The firm said direct payment arrangements on some projects helped protect clients and supply chain partners, but also reduced working capital, leaving administration as the only viable option.
Why it matters
For residential property surveyors, contractor insolvency can affect project continuity, defect remediation, and the reliability of ongoing or recently completed works. It is also relevant where surveyors are advising on build quality, contract risk, or the financial stability of parties involved in residential developments.
Key points
- Administrators were appointed after a notice of intention was filed on 20 July.
- Torsion Construction cited rising costs, reduced activity and delayed capital events.
- Direct payment arrangements protected some stakeholders but strained working capital.
- Other Torsion businesses continue to trade normally.
- The company had previously faced a winding-up petition from JH Shouksmith & Sons.
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