Torsion Construction on the brink of collapse

The Yorkshire-based contractor has filed a notice of its intention to appoint administrators, a move that will impact schemes on both sides of the Pennines.

After weeks of speculation over its future, Torsion Construction, founded in 2015, is close to collapse despite posting record revenues for the year ended 30 June 2025.

Last year, Torsion recorded revenues of £164m, up from £117m in 2024, and a pre-tax profit of £800,000. Dividends of £539,000 were paid during the period, according to the company’s full accounts.

Despite a thin margin, the company’s auditor was positive about the company’s prospects in the short term. A statement in the accounts said: “We have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company’s ability to continue as a going concern for a period of at least twelve months”.

A little over a year on from the end of the last financial year, Torsion has filed a notice of intention to appoint administrators – the step before formally instructing them – citing cashflow issues due to “exceptionally challenging trading conditions across the UK construction sector”.

Developers of schemes in Manchester, Leeds, and Sheffield are now on the hunt for replacement contractors.

In Manchester, Torsion was building Zentra’s One Victoria, an apartment scheme on Great Ducie Street that is nearing completion.

A statement from Zentra said: “Given the advanced stage of the development and the limited scope of work remaining, the company considers the risk to overall project delivery to be limited.

“While there may be some short-term disruption to the programme, Zentra now expects practical completion in the last quarter of 2026.”

Zentra is in talks with a potential replacement contractor.

In Sheffield, Torsion was building the 234-flat Hollis Croft BTR scheme and in Leeds Torsion’s 35-storey PBSA scheme for Torsion Group and Citylife topped out in December.