The Surrey based firm was founded 45 years ago and specialises in luxury family homes within London and the Home Counties.
Latest results for the company show a turnover of £31.1m for the year to March 31 2023 generating a pre-tax loss of £4.3m.
At the time of the results Octagon employed 93 staff and £11.5m was owed to trade creditors.
Data and credit checking specialist Red Flag Alert highlighted the firms’ 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 visit Red Flag Alert.
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