Yorkshire modular firm faces administration
AI Article Summary
Thurston Group Ltd, a modular construction specialist based in Wakefield, along with two related businesses, has filed a notice to appoint an administrator. The companies involved are Thurston Group, Thurston Holdings Ltd, and Thurston Group Estates Ltd, which is the parent company. They applied for administration on a recent date, showing signs of financial distress.
What This Means for Canadian Contractors
This development shows how even established modular firms are not immune to financial challenges. For Canadian builders, this means staying vigilant about the financial stability of partners in the supply chain, especially those involved in modular construction, which can impact project timelines and costs. Additionally, it highlights the importance of diversifying project funding sources to mitigate risks.
