FOUR YEARS after its dramatic collapse, one of the UK’s biggest roofing firms is still stuck in liquidation limbo — and there’s no clear end in sight.
Avonside Roofing, once a major player in the construction industry with 37 branches and 350 employees, went into administration in September 2022. But despite years of efforts, administrators are still battling to recover money — with most of it likely lost.
So, what went wrong?
The company was found to have serious flaws in its accounting system, leading to overbilling and inaccurate financial records. That created cash flow problems and uncertain margins and profitability.
When Avonside approached its bank, NatWest, for a…