UK construction company with hundreds of employees falls into administrationMerit Holdings entered administration and left more than £17m in unpaid bills despite posting multimillion-pound profits months earlier - it employed hundreds of peopleView 3 Images Merit Holdings was plunged into administration (stock) (Image: Getty Images)A UK construction company plunged into administration despite posting multimillion-pound profits months earlier. ‌Merit Holdings went into administration in November and left £17.4m in unpaid bills - as well as hundreds of employees out of work. ‌The extent of the financial exposure was revealed by a report from administrator Interpath, which assumed control of Merit Holdings in November. Results for the year to June 20 2025 showed turnover of £79.7m, delivering a pre-tax profit of £4.3m. “On 29 August 2025 Merit Group Services received a winding up petition from HMRC, with a court date for this petition set at 15 October 2025.

Source: Daily Mirror March 25, 2026 20:35 UTC