Need to relocate helped push Ashville Aggregates & Concrete over the edge, administrators reveal

The two companies called in the administrators in February this year, appointing Dane O’Hara and Alex Cadwallader of Leonard Curtis as joint administrators of both entities.

Based in West Drayton, Ashville Aggregates & Concrete specialised in supplying aggregates and recycled sub-base materials for the construction sector, as well as providing other services including waste removal. The company employed a total of 33 staff when it fell into administration.

Ashville Commercials acted as a holding entity for the Ashville Aggregates & Concrete’s fleet of around 40 tippers, grab lorries and artics and four trailers.

In a statement, Leonard Curtis said: “Both entities have experienced recent difficulties due to the need to move trading premises, requiring a significant amount of investment to install a new railhead, and a slump in trading revenues.

“Despite sustained efforts to identify a buyer for the Ashville Aggregates & Concrete Limited business and assets, a sale was ultimately unachievable, and they ceased trading immediately following the administrators’ appointment.

“All staff members have been made redundant.”

Joint administrator Dane O’Hara, added: “Despite an extensive marketing exercise being carried out, and prolonged negotiations with potential buyers and funders, we could not conclude a sale. So both entities were forced to cease trading activities and seek the protection of administration.

“Our focus now is to safeguard and realise the value held in remaining assets across both entities, for the benefit of the creditors of both estates.”