Ardmore founder ‘disappointed’ by contracting exit
Summary
Ardmore’s remaining group companies have had CVAs approved after the construction arm entered administration earlier this year, following remediation claims and Building Liability Orders linked to legacy residential developments. The company says the restructuring offers creditors a better outcome than liquidation, but it also marks Ardmore’s exit from operating as a main contractor.
Why it matters
The case highlights how remediation liabilities and insolvency processes can affect firms involved in residential development and legacy building issues. Surveyors may encounter related due diligence, defect, and liability considerations on affected schemes and in wider market risk assessments.
Key points
- Ardmore’s construction arm entered administration earlier in the year.
- Seven remaining group companies have now had CVAs approved by creditors.
- The restructuring follows remediation claims and Building Liability Orders tied to legacy residential developments.
- Ardmore says it continues to dispute the claims and that liquidation was considered.
- The group will no longer operate as a main contractor.
This is an RPSA summary of a publicly available article. The full content remains with the original publisher.
