Skip to Content
Skip to Main Menu

Christie contractor enters into administration

Christie contractor enters into administration

Interserve, the construction firm appointed to develop The Christie hospital in Manchester, has entered into administration with all the company's assets immediately moving to a new specially formed company.

Click here to read more

Mark Halstead, Partner at Red Flag Alert, added:

"Debt‐fuelled expansion left Interserve servicing significant debts that required refinancing. Unfortunately, the business became less attractive to lenders and refinancing became difficult. While Interserve claimed its problems were short term and could be solved with more loans, financiers were unwilling to further the company’s line of credit on the same terms.”

Read more about the impact on their trade creditors

All emails include an unsubscribe link. You may opt-out at any time.

Here at Redflag Alert we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. By submitting this request, you agree to receiving information from Red Flag Alert. See Privacy Policy.

Contact

Red Flag Alert
302 Chambers Business Centre
Chapel Road, Hollinwood
Oldham
Greater Manchester
OL8 4QQ
Close Menu