James Lumb and Will Wright from Interpath had been appointed joint directors to Advantage Workforce Products and services Restricted on 17th November 2025 and to Advantage Well being Restricted and Advantage Holdings Restricted on 18th November.
The corporations have now ceased operations and lots of the 340 workers were made redundant.
Primarily based in Cramlington, Northumberland, Advantage is without doubt one of the UK’s main offsite modular development experts, running with shoppers around the healthcare, lifestyles science, schooling, battery generation, and aerospace industries.
Over contemporary months, Advantage had skilled contractual problems and delays to a lot of its main contracts, which in flip had a vital affect on cashflow. With liquidity force mounting, Advantage Workforce Products and services Restricted was topic to an surprising completing petition, which adversely affected new paintings awards and led to delays to a lot of tasks, the directors stated
In reaction, the administrators explored choices on the market, refinancing and funding however failed to search out a substitute for going into management.
Advantage filed a understand of intent to nominate directors on 15th October.
Advantage’s cave in leaves the development web site of a brand new £35m health facility in Berwick, Northumberland, only some months from final touch.
James Lumb, managing director at Interpath and joint administrator, stated: “The United Kingdom development business continues to stand super headwinds, with emerging prices, top rates of interest and subdued non-public sector call for having an affect on higher contracts particularly. Despite the fact that Advantage has advanced an excellent recognition for the standard and innovation of its specialist offsite answers, those broader demanding situations proved to be insurmountable.”
He endured: “We proceed to discover choices with a view to discover a resolution that works for Advantage’s shoppers, workers and collectors. Within the intervening time, we’re prioritising offering improve to all those that were suffering from redundancy, together with supporting them with claims to the Redundancy Bills Provider.”
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