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  1. Wealth
October 11, 2011

CE: Holloway White Allom in administration

By Spear's

Upmarket builder and fit-out specialist Holloway White Allom has been placed in administration

Upmarket builder and fit-out specialist Holloway White Allom has been placed in administration.

The London building firm traces its history as far back as 1882 and specialised in high-end contracting building London landmarks like the Old Bailey and Bank of England.

HWA built a formidable reputation as a specialist in the high-end residential and commercial market covering refurbishment and new build and achieved a £90m turnover.

A former employee told the Enquirer: “All the workforce were made redundant on Friday.

“Its been a very sad week.”

He added: “There were several problems – the turnover fell sharply from around £90m to £60m in the course of two years and existing overheads were probably carried too long.

“There were also a couple of loss-making projects which hit the firm hard,” he told the Enquirer.

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To read the full story, visit constructionenquirer.com

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