Readie Construction Limited - Administration

Readie Construction Limited, an Essex-based construction company which employs around 260 staff, entered administration on 6 February, citing “inflationary cost pressures, numerous subcontractor failures and chronic tightening in the performance bond and trade credit insurance markets”.

Costa Pedhiou and Gary Shankland of Begbies Traynor were appointed as joint administrators, and are working on winding down the company’s operations.