Sarah Collins and Ryan Grant from Interpath Advisory were appointed Joint Administrators to Fireclad Limited and Harrison Jorge Limited on 8 June 2022.
Based in London, Fireclad Limited installed fire protection and dry lining systems, while Harrison Jorge Limited provided building fit-out services, including plastering and floor and wall covering. The two companies were tightly linked as part of a wider group structure.
During 2020 and 2021, the Companies were adversely impacted by the COVID-19 pandemic and associated lockdown measures. However, recent rises in the cost of materials and labour have placed an additional burden on both Fireclad Limited and Harrison Jorge Limited which ultimately resulted in both companies being unable to service their debts as and when they fell due. After reviewing their options, the directors took the decision place the company into administration. All employees were made redundant prior to the appointment of administrators.
Sarah Collins, managing director at Interpath and joint administrator, said: “Companies up and down the construction industry supply chain are battling enormous headwinds, from the rising costs of raw materials and energy, to acute shortages of labour, to the burden of loss-making fixed price contracts. Unfortunately, these compounding crises proved too difficult for Fireclad and Harrison Jorge to overcome.
“Our immediate priority is to provide assistance to employees to enable them to make claims from the Redundancy Payments Office.”