Trilandium on brink of collapse
Contractor Trilandium has appointed advisors to assist with the liquidation of the company due to “contractual issues” with X1’s £31m The Landmark scheme in Salford.
Last week the contractor walked off the Muslin Street site. The 191-apartment project, which topped out in October 2019, was close to completion with all units having been sold.
A statement from Savills, agent for the scheme alongside Knight Knox, said: “X1 The Landmark has encountered some contractual issues with its main contractor in the delivery of the scheme which X1 have brought to a head this week.
“X1, together with their partnering supply chain, are actively engaged in reprogramming the works to secure a rapid return to site and delivery of the scheme as close as possible to the original completion programme.”
A statement from Russell Baker, director of Manchester Dev One, formerly known as Trilandium, said: “It is with sadness and despite our best endeavours, that Manchester Dev One have been forced to appoint advisors to assist with the liquidation of the company.
“The unexpected events that unfolded in November and December, after the significant and unexplained under valuation of works completed on the X1 Landmark scheme, eventually took their toll.
“Despite our best endeavours and numerous requests to the client’s agent, they were unwilling to engage in any meaningful dialogue and failed to meet for talks to resolve the issue.
“This problem coincided with other contract payments Trilandium was pursuing through adjudications and the combined effect on cash flow ultimately led to Trilandium being unable to continue trading.”
Trilandium took over construction in December 2018 after the project’s previous contractor, Bolton-based Forrest, went into administration.
X1 was contacted for comment.