A British construction company has plunged into liquidation, appearing to owe more than half a million pounds to creditors. JUMA Construction Group, based in Farnworth, Bolton, appointed liquidators to wind up the company on May 21, according to filings published today on the public record, The Gazette.
The two directors, Matthew Hoyes and Julian Kirkpatrick, have more than 40 years of combined experience in the construction industry. They previously worked with BT, Wetherspoon, Sports Direct and JD Sports as site and contract managers before establishing the company in 2019.
Financial Troubles Revealed
According to accounts published on Companies House, the company was in serious financial difficulty. It appeared to owe £424,185 to HMRC for VAT and employee costs. Additionally, it owed trade and expense creditors £174,976, with an extra £34,459 for employee redundancy payments. With £90,957 in total assets to offset the debt, the company had an estimated deficiency of £543,895.
Insolvency firm Cowgills Limited will now act on behalf of the company, which specialised in refurbishment, office fit-outs, decorations, design and build, and gas and civil engineering.
No Public Statement Issued
JUMA has not issued a public statement on the state of the business, and its website remains operational. The Express has reached out to JUMA for comment.
Businesses typically appoint liquidators when they are no longer financially viable due to falling sales, rising costs, or overtrading. Liquidation involves selling off assets to convert them into cash, which is then used to pay off creditors and satisfy debts.
Other Companies in Liquidation
Several other companies have entered liquidation this year. UK homebuilder GEM Residence Limited, based in Witney, Oxfordshire, was listed as being in compulsory liquidation on March 27. Northamptonshire-based Agetur also filed a notice of intention to appoint administrators, with its latest accounts revealing a sharp dip in trading up to February 2025, when the company suffered losses of £600,000. Agetur was founded in 1985 by Rob Rexton and carried out site infrastructure and groundworks on developments across the Midlands and south east.
