Lowestoft-based Wellington Construction appoints liquidators

One of the region’s major building companies has collapsed after more than 30 years in business.  Wellington Construction Ltd, based in Lowestoft, announced it was closing down and appointed liquidators on November 9.  Over the years the company was involved in many large building projects in the region.

These included 31 flats in Lowestoft which opened in October last year, the £4.5 Springfield Grange development in Acle which was completed in 2019 and council houses built at Clerk’s Piece in Beccles and Garden Close in Bungay in 2018.  The collapse now casts uncertainty over a bid made by the developer in January this year to build 104 houses in Bradwell.

Those plans which have faced objections from residents include 29 houses on land by Kings Drive and 75 houses with a through road from Ollands Road and Meadowland Drive.

The company’s latest accounts, filed in April last year, show that 51 members of staff were employed on overage over the previous 12 months.  The papers also state that for the year ending April 30, 2022, turnover went up but increased costs in the industry and in administrative expenses resulted in a loss before tax of £93,862.  This compared to a profit of £171,555 for the previous year.

It is believed that all staff were made redundant two weeks ago.

According to government website Companies House the developer was left with two directors, Paul Pitcher and Elizabeth Ley, after a third director Richard Sullivan resigned in June this year.

At a meeting of the company on November 9, its members decided to wind up the buisness and appoint liquidators Hayley Watson and Andrew McTear, both of McTear Williams & Wood limited.  The liquidators have been contacted for comment.

Wellington Construction Ltd was incorporated in September 1989 and based at Wolseley House in Quay View Business Park on Barnards Way.

www.edp24.co.uk
14 November 2023

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