Chris Pole and Richard Philpott of KPMG were appointed joint administrators to Hilton Building Services Limited on 27 June. The company, which has been established for over one hundred years, provides a range of mechanical and electrical contracting services to clients across the UK.
The company employed 73 staff at its offices in Nottingham and London. Following the appointment of administrators 63 people have been made redundant.
Chris Pole, joint administrator at KPMG, said: “Like many suppliers to the construction industry, Hilton Building Services Limited’s business was badly affected by the prolonged economic downturn which saw a decline in demand for its services. These challenging trading conditions and changing dynamics in the market ultimately led to the business being placed in administration.
“Due to the contractual nature of the business it has not been possible to continue to trade in administration. Unfortunately this has resulted in us making a number of redundancies immediately upon appointment. Over the next few days we will be assessing whether a number of the remaining contracts can be transferred to alternative contractors to preserve value.”
Other associated companies Hilton Cannon Electrical Limited, Hilton Bodill (Construction) Limited have not entered administration and continue to trade as normal.
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