Priddy Engineering Services News Today

The number of monthly construction administrations rose in February, Construction News can reveal. There were 16 administrations in the sector in February, according to data provided by Creditsafe. This compares to 12 in January. The latest monthly figure is well down on February 2020, when a total of 35 firms collapsed. Analysts have previously predicted that the number would rise when government support schemes such as furlough come to an end. In yesterday’s Budget, chancellor Rishi Sunak ...

A Bristol-based M&E specialist has ceased trading and is set to go into liquidation. Priddy Engineering Services, which was too small to be required to register its turnover on Companies House, held current assets worth £1.8m in its latest accounts for the 18-month period to 31 July 2019. Of this, the firm held £357,500 in cash at bank and in hand. At the same time, Priddy owed creditors more than its current assets, with £1.9m due to be paid in one year. The latest accounts, which showed th...