Cladding contractor goes into administration

Grant Prior 2 years ago
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Building envelope specialist Jessella Limited has fallen into administration with FRP Advisory Trading Ltd now in charge of the company.

The St Albans based firm specialised in facade contracts up to £15m and has worked on a host of major residential jobs across London and the South east.

Latest accounts for Jessella for the year to March 31 2022 show a turnover of £39.8m generating a pre-tax profit of £1.4m.

During the year the company employed 42 people and paid dividends of £478,000

Data and credit checking specialist Red Flag Alert highlighted the firm’s administration notice with its regular checks of high court construction insolvency applications.

Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts.

The Enquirer has linked-up with Red Flag Alert to offer readers a discount on its services and help you avoid worthless invoices from insolvent companies.

For more information and to benefit from the Enquirer discount click here.

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