The company’s collapse comes amid rising energy costs, higher wages and growing strain across Britain’s construction industry.
A London-based house builder has entered administration after seven years in business as financial pressures continue to intensify across Britain’s construction industry. Velocity Homes Limited appointed administrators on 18 May after operating since November 2019.
The company specialised in property development alongside commercial and residential construction projects and maangement consultancy services. Jo Watts and Andrew McTear of insolvency firm McTear Williams & Wood Limited have been appointed joint administrators to oversee the process.
21 May 2026
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