One of the UK’s biggest independent plant hirers has blamed the collapse of Carillion for forcing it into administration.
EY has been appointed to act as administrators for Shropshire-based Hawk Plant (UK) and a number of its subsidiaries. The company posted profits of £515,049 on a £93.5m turnover in the year to December 31 2017 but during the same period its Hawk Plant Hire business made a pre-tax loss of £733,995 on a turnover of £75.4m.
The failure of the organisation comes just two months after it said Carillion’s demise had delayed contracts it had been awarded. More than 80 of the 420 staff have been made redundant.
Hawk has a fleet of around 2,000 machines and has supplied equipment for more than 40 years.
Sam Woodward, a joint administrator at EY, commented: “The group’s cash flow had been impacted by a number of historical problematic contracts and a delay in the commencement of anticipated projects.
“We will now begin the process of seeking to find a suitable buyer for Hawk to ensure the best possible outcome for all of the group’s stakeholders. In the meantime, we will seek to minimise the impact on the customer base by keeping assets on hire and maintaining service levels.”
The administration process includes covers Hawk Plant (UK) and subsidiaries Hawk Plant Hire, Hawk Hire, Safety and Training Ltd, Hawk Plant, and Hawk Plant Sales.
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©Scottish Plant. Article posted 16/1/2019
UPDATE: One hundred operator jobs have been saved at one of Europe’s biggest sites in the wake of the Hawk collapse.
Plantforce Rentals has stepped in to take over Hawk equipment and staff involved in the Hinkley Point C project in Somerset. Plantforce has nearly 200 items of plant on the site and has worked alongside Hawk for the last four years.
Managing director Claire Trott commented: “This is a sad outcome for a company which has dominated the plant hire world for many years and a company we have very much respected.” She said the main priority was to secure the continued employment of the workforce on site and to minimise the impact on the Hinkley project.