S&I Groundworks Limited – administration

S&I Groundworks Limited, a Burton-based groundworks firm, entered administration on 23 January, citing the impacts of the Covid-19 pandemic, the war in Ukraine, cashflow pressure caused by cost inflation and increased competition for key staff as the reasons for its financial difficulties. Richard Cole and Steve Kenny of KBL Advisory were appointed Joint Administrators. Meif Wm Debt LP, Npif Nw Debt LP, S&I Holdings Limited and Aldermore Bank PLC each has a registered charge against the company.