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Administrators appointed at PC Harrington Contractors

KPMG has confirmed that it has been called in as administrator to PC Harrington Contractors.

The Middlesex-based concrete specialist was formed in 1979 and has worked on major projects including Wembley Stadium and White City in London.

Its website says the comnpany has a turnover of about £250M and “has employed a 1200 plus workforce”.

Howard Smith and Jonny Marston of KPMG’s restructuring practice were appointed joint administrators on Tuesday 5 May.

KPMG said a statement: “PC Harrington Contractors has experienced difficult trading conditions since the economic downturn and has recently suffered from a number of loss making contracts.

“This led the business, which does not have any direct employees, to cease trading shortly prior to the appointment of administrators.

“The administrators will concentrate their efforts on realising value for the company’s assets, which are primarily contract debts.

“The company also owns the shares of one of the group’s subsidiaries, Slipform International, which is outside of the insolvency process and continuing to trade under the control of its existing management, as are the other companies in the PC Harrington Group.”

Any parties interested in the company’s assets should contact Tony Rudkin of KPMG on 0207 694 1851.

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