{"id":765358,"date":"2024-11-26T09:22:48","date_gmt":"2024-11-26T09:22:48","guid":{"rendered":"https:\/\/www.architectsjournal.co.uk\/?p=765358"},"modified":"2024-11-27T08:43:56","modified_gmt":"2024-11-27T08:43:56","slug":"plymouth-practice-enters-liquidation","status":"publish","type":"post","link":"https:\/\/www.architectsjournal.co.uk\/news\/plymouth-practice-enters-liquidation","title":{"rendered":"Plymouth practice enters liquidation"},"content":{"rendered":"

The company, which delivered a series of projects across the West Country over more than three decades, recently entered creditors\u2019 voluntary liquidation.<\/p>\n

Insolvency specialist Brailey Hicks has been brought in to manage the process, and all 12 ADG employees have been made redundant.<\/p>\n

Director Patrick Deigan said the practice, which was founded as the Architects Design Group, by Marc Nash, Phil Burgess and Ian Potts in 1985, had been hit by a number of challenges.<\/p>\n

\u2018We found workflow trailed off with confidence so low,\u2019 he told the AJ.\u00a0\u2018With the economy and a gap between the new government coming to power and announcing its budget, there was uncertainty and people stalled decisions.<\/p>\n

\u2018We had one project that was due to start in January and give us 18 months of fees but that has been deferred until 2026.\u2019<\/p>\n

On top of this, said Deigan, existing contracts became less profitable because of extra duties required under evolving building safety rules.<\/p>\n

\u2018It is hard to go back to clients and ask for more money,\u2019 he said. \u2018Fees effectively become lower and were not covering what we were expected to do.\u2019<\/p>\n

Subsequently, \u2018a couple of clients didn\u2019t pay,\u2019 Deigan explained, and ADG found itself running out of road. \u2018A number of things built up and pushed us over the edge.\u2019<\/p>\n

The practice, formally known as ADG Consultancy<\/a>, traded from a studio on Millbay Road in Plymouth.<\/p>\n

Its projects included the Oceansgate office development in Plymouth; work to Nuffield health centre sites in Exeter and Taunton; the 2017 STEM building for City College Plymouth<\/a>; and a contemporary family home in Dartmoor National Park.<\/p>\n

Its most recently published accounts showed it had almost \u00a370,000 of net assets on 30 June 2023. However, more than \u00a3110,000 was due to creditors within a year of that date.<\/p>\n

Brailey Hicks has been contacted for comment.<\/p>\n

\"\"

City College Plymouth’s STEM centre by ADG<\/p>\n\t

Source:Scott Jenkin\/Shutterstock<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

The company, which delivered a series of projects across the West Country over more than three decades, recently entered creditors\u2019 voluntary liquidation. Insolvency specialist Brailey Hicks has been brought in to manage the process, and all 12 ADG employees have been made redundant. 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