Tuesday April 30, 2024 £117m-turnover contractor files administration notice
ARJ Construction lodges court notice
Hertfordshire based contractor ARJ Construction has filed a notice of intention to appoint an administrator.
The Stevenage based firm has been in business since 1991 and specialises in projects from £10m to £60m across the South East in the residential, healthcare, education and commercial sectors.
Latest results for the year to April 30 2023 show a turnover of £117m generating a pre-tax profit of £2.8m while the company employed 136 staff during the period.
The firm’s website profile states: “ARJ Construction was formed in Stevenage in 1991. In the years since, the company has steadily grown to become a leading Main Contractor with a reputation for delivering excellence and expertise throughout the South East.
“Our success has been based around building and maintaining strong client relationships, with a focus on partnering and collaboration. As a result, approximately 70% of our business is with repeat clients or consultant teams.”
Data and credit checking specialist Red Flag Alert highlighted the firms’ administration notice with its regular checks of high court construction insolvency applications.
Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts.
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