Ardmore’s board filed moratorium notices for the seven group companies in June 2026 after placing Ardmore Construction Group Limited and its subsidiary companies into administration, following remediation claims and subsequent Building Liability Orders (BLO) on legacy residential developments, which the group continues to dispute.
Working with financial and real estate advisory group, BTG, and law firm Kingsley Napley, the CVA proposals were presented to Ardmore’s creditors in August 2026. Following a final vote last week, all CVAs were approved by creditors.
Cormac Byrne, chairman of Ardmore Group, who founded the business 52 years ago, said, “The decision to place our construction businesses into administration and…