Design-and-build specialist Marbank Construction Ltd has appointed administrators.
The £67m-turnover firm, which was headquartered in Byfleet, Surrey, specialised in commercial buildings, retail parks and distribution centres.
Formed in 1994, its revenue reached £91m in its 2008 financial year, when it operated as a general design and build contractor.
It reduced its activity significantly following the financial crash and refocused on the industrial shed sector in subsequent years, specialising in steel-framed and steel-clad portal structures, mostly in South East England.
A news update issued on its website and social media in January this year said it aimed to broaden its variety of projects under new leadership and was looking to carry out retail and public sector work.
According to an official notice in The Gazette, Kelly Burton and Joseph Fox from FRP Advisory took over its affairs this week.
Its parent company RJJ Holdings remains active, according to Companies House.
Marbank’s latest published accounts, for the year to 31 July 2023, showed its revenue increased to £67m from £59m in the period.
Pre-tax profit was also up, reaching £438,000 compared with £183,000 the previous year.
At the time, it employed 24 people, including four directors, and owed trade creditors £6.5m.
“The directors expect turnover to increase somewhat during the current financial year with confirmed orders already above last year,” the company said in the accounts.
“The directors are confident that Marbank will achieve a satisfactory result in the current year to 31 July 2024.”
Accounts for the period were due to have been published by the end of April 2025.
According to its website, Marbank designed and built more than 300 sheds for the manufacturing, distribution, out-of-town retail, service and data storage sectors, with a combined value of more than £1bn, in its history.
FRP Advisory has been approached for comment.
Calls to Marbank’s office went unanswered on Wednesday afternoon and this morning.
