The Liverpool-based construction firm owes £4.25m to its supply chain, £570,000 to employees and around £320,000 to the taxman, according to an update from administrators.
Suppliers owed large sums include:
- Ottima – Sussex-based joinery firm owed £400,000
- McNally & Thompson (UK Contracts) – Sunderland-based electrician owed £524,000
- Project Developments – Birmingham-based groundworks contractor owed £369,000.
In total, Nobles Construction owes £6.2m to creditors, according to a statement of affairs prepared by MB Insolvency and Rimes & Co.
Mark Bowen of Birmingham-based MB Insolvency and Nickolas Garth Rimes of Rimes & Co were appointed as joint administrators in July.
The last financial results Nobles published were for the period between 1 October 2017 and 30 March 2019. The company recorded turnover of £25m and a pre-tax profit of £210,000.
Nobles was founded in 1995 and employed around 60 staff. The company’s head office is on Faraday Road in Wavertree.
Its directors are listed as Peter Scarisbrick, John Watson and Sean O’Connor.
Prior to its collapse, Nobles was embroiled in a legal dispute with Newcastle-based developer High Streets Group over the £49m Cheshire Junction scheme in Warrington.
The contractor walked away from the 362-apartment project last November, claiming High Streets Group owed Nobles money.
Nobles then launched adjudication proceedings against Palmus Developments, the High Street-owned special purpose vehicle delivering the project.