£60m UK construction firm Caldwell on brink as staff and subcontractor payments missed

£60m UK construction firm Caldwell on brink as staff and subcontractor payments missed

£60m UK construction firm Caldwell on brink as staff and subcontractor payments missed

£60m UK construction firm Caldwell on brink as staff and subcontractor payments missed

£60m UK construction firm Caldwell on brink as staff and subcontractor payments missed

A UK construction firm with a reported turnover approaching £60 million is understood to be preparing for administration, heightening anxiety among UK construction workers and subcontractors during an already fragile period for the construction sector. Caldwell Construction Limited has reportedly filed a notice of intention to appoint administrators, following growing concerns that staff and subcontractors were left unpaid.

Tensions are understood to have escalated near Liverpool last week, with reports suggesting that payment delays triggered immediate operational disruption.

The Stoke-on-Trent-based groundworks contractor was reportedly instructed to tell hundreds of subcontractors to remain at home earlier this week. According to industry reporting, the decision followed concerns that many workers had not received payment the previous Friday. For UK workers reliant on regular income to meet household costs, even short delays can have far-reaching consequences.

Financial accounts published on the Government website for the most recent financial year show that the firm recorded a turnover of £58.4 million up to March 2025. However, operating profit stood at just £936,437, under £1 million. While the business remained technically profitable, the narrow margin highlights the financial pressures facing parts of the construction supply chain, particularly groundworks specialists operating on tight contracts and rising cost bases.

Caldwell Construction delivers groundworks services for both domestic and commercial developments, with a focus on foundations and masonry work. Its projects are primarily located across the Midlands and the North West, regions where construction employment plays a vital role in local economies. Any sustained disruption therefore has implications not just for direct employees, but also for the wider network of subcontractors, suppliers, and local communities.

The firm has been active on housing development sites for major developers, including Vistry Group. Vistry has confirmed that Caldwell contractors have been withdrawn from its sites. In a statement, a Vistry spokesperson said the company had been in consultation with Caldwell Construction and described the situation as unfortunate. To prevent delays to construction programmes, Vistry confirmed discussions were underway with alternative subcontractors from its preferred supplier listings to continue works.

Caldwell Construction was incorporated in 2007 and employs around 50 staff across its Stoke-on-Trent head office and a North West base in Warrington. For those directly employed, the uncertainty surrounding administration can be deeply unsettling, particularly against a backdrop of rising living costs and economic instability. For subcontractors, many of whom operate as small businesses or sole traders, unpaid invoices can quickly become critical.

This development reflects broader pressures within the UK construction industry. Rising material costs, skills shortages, and constrained margins have left many firms vulnerable to cashflow shocks. When payment chains falter, workers are often the first to feel the impact, even when headline turnover figures appear strong.

The Workers Union has contacted Caldwell Construction Ltd for comment. As always, The Workers Union continues to monitor developments closely, ensuring that accurate information is available to UK workers affected by instability within their sector. Clear communication and timely updates remain essential during periods of financial uncertainty, particularly where livelihoods may be at stake.

While administration proceedings do not automatically signal closure, they do represent a critical juncture. Outcomes can vary significantly, ranging from restructuring and continued trading to asset sales or cessation of operations. For UK workers, understanding these processes and their potential implications is key to making informed decisions during uncertain times.

As the situation develops, attention will remain focused on whether wages and outstanding payments are resolved, how ongoing projects are managed, and what steps are taken to safeguard employment where possible. In the current climate, stability within the construction workforce is not just a business concern, but a matter of wider economic resilience.

The Workers Union will continue to provide updates as more information becomes available, keeping UK workers informed with clear, factual reporting at every stage.

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