Hampshire’s leading reorganization firm Portland has been named liquidator of Bramber Construction Co. Limited.

The construction company, which has been in business for over 43 years, closed its doors after incoming inquiries suddenly declined and ongoing contracts were delayed or canceled due to ongoing Covid-19 lockdowns, ultimately affecting the company’s ability to achieve Winning Affected.

Bramber Construction specializes in all areas of construction for both the private and commercial market, including the construction of buildings, convenience stores and all construction management consulting.

They operated from a single location in Shoreham but managed to build a huge network of customers and connections, including contracts with a number of local and health authorities.

Portland is now engaged in real estate sales, debt collection and withholdings with a view to repaying the debt to the secured creditor and paying dividends to senior and secondary beneficiary creditors.

Portland Director Steve Godwin commented, “Although they had an excellent reputation in the construction industry, when directors saw a sharp drop in income, through no fault of their own, they made the difficult decision to cease trading and let Portland manage their businesses instruct matters in the liquidation of the company.

“Government restrictions due to the pandemic have left Bramber Construction in a vulnerable position as many contracts have been canceled or delayed. Unfortunately, as the demand for builders for smaller projects increases, recently we are seeing more and more construction companies getting into financial trouble and getting into financial hardship for months as the need for larger projects has slowed.

“Rising material costs are also burdening the cash flow of many companies and delays in the supply chain, possibly due to Brexit, have made material procurement difficult and time-consuming. All of this in an industry that is heavily on efficiency and time management, may lead to a loss of trust among private and commercial customers. ”

All 17 employees, including 3 directors, were laid off, with Portland assisting all former employees with the formalities of claiming all due funds from the severance pay bureau.