Henry Boot has put its affordable housing company Starfish Commercial into a creditors voluntary liquidation.
The firm, which it acquired just over a year ago, has been hit hard by the coronavirus crisis, a statement from the contractor said.
Whilst we have been encouraged by recent increases in activity within our construction division, which is now at over 90 per cent of pre-[COVID-19] levels, unfortunately, we have not seen the same level of recovery in Starfish, it said. Furthermore, there is no visibility as to when it might reach a sustainable level.
Last month, Henry Boots half-year results saw an 80.3m drop in revenue and 16.9m fall in pre-tax profit. It warned at the time that redundancies would follow, though the company decli…