Crossfield Living enters creditors’ voluntary liquidation


Date Published: 12th July 2022

Crossfield Living enters creditors’ voluntary liquidation

Liverpool-based construction firm Crossfield Living Limited has entered creditors’ voluntary liquidation with Jason Greenhalgh and Paul Stanley of Begbies Traynor being appointed as joint liquidators.

Crossfield Living was established in 2017 as a sister company to Crossfield Construction Limited, which entered liquidation earlier this year and was part of Crossfield Group Limited.

Crossfield Living ceased to trade on 29th April 2022 after it faced significant financial pressure. Covid restrictions, the soaring price of raw materials and the loss of key contracts were some of the key factors in its demise.

Jason Greenhalgh, partner at Begbies Traynor in Liverpool, said:

 “Today, we can confirm our appointment as joint liquidators of Crossfield Living Limited. We are contacting all known creditors to outline what this means, what the next steps are and we will be fulfilling our statutory duties over the coming days, weeks and months. The company has faced financial challenges in recent times with rising costs, loss of contracts and Covid restrictions being some of the reasons.”

Begbies Traynor, which publishes quarterly ‘Red Flag Alert’ data says more than 55,000 firms (55,728) are in ‘significant distress’ with 23,602 being from Greater Manchester and 8,996 from the Liverpool City Region.

Real Estate (7,334), Construction (7,328) and Support Services (9,176) were the three sectors that contained the highest volumes of distressed firms from the 22 analysed in Q1 of 2022.


Jason first started at Begbies Traynor in July 1989 as a junior on the old YTS scheme via the Chamber of Commerce in Manchester and progressed through to Senior Administrator over a period of time to 1997.

After a short time away, he rejoined Begbies Traynor and sat the JIEB Insolvency Exams in December 2002 and initially obtained a non-appointment license the following year after which he  continued to progress through the grades to Senior Manager.

In May 2008 Jason was promoted to Insolvency Director, upgraded his insolvency license with the IPA and has taken corporate insolvency appointments since then. In July 2011 Jason was rewarded for his efforts and commitment to Begbies Traynor when he was promoted to Partner.

Throughout his insolvency career, Jason has gained valuable experience at every level and has dealt with a wide range of different insolvency assignments. Since taking appointments in 2008, he has concentrated on the mid range insolvency market and has helped many struggling owner/managers of distressed businesses.

Jason enjoys rugby league and follows his local team the Leigh Centurions. He also enjoys attending live music events and keeping fit.

Network of Over 100 UK Offices

Find your local Begbies Traynor Group office and speak to an adviser today.

Find your Local Office
0800 063 9221

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
0800 464 0871

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
0161 837 1700

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
Begbies Traynor Group plc, announces that it has completed the acquisition of CVR Global LLP
CVR is a leading independent firm of insolvency practitioners, forensic accountants and experts in other related complementary disciplines.
Read More →
 
Coronavirus pushes financially distressed companies over the half-million mark
Number of businesses in significant distress stands at 509,000 – the highest number measured by the Red Flag Alert research
Read More →
 
BTG Advisory accelerates growth with appointment of four new partners to its London office
BTG Advisory, the boutique advisory arm of Begbies Traynor Group announces the appointment of four new partners to its Canary Wharf office
Read More →
 
Eighty jobs saved with £1m sale of engineering business
South Yorkshire company Newburgh Precision rescued through administration
Sale enables 75-year-old business to continue trading
Read More →
 
Join thousands of professionals by signing up for our updates
Analysis and Opinion from our Partners
Top Industry News
Register Now →
 

Advice you can trust

We are accredited by the following industry leading organisations

Insolvency Practitioners Association Institute of Chartered Accountants in England and Wales R3: Association of Business Recovery Professionals ICAEW Business Advice Service Turnaround Management Association ICAS | The Institute of Chartered Accountants of Scotland

Contact the Begbies Traynor Group team

or Find your Nearest Office

Here at Begbies Traynor Group we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See PRIVACY POLICY

Processing...

This site uses cookies to monitor site performance and provide a more responsive and personalised experience. You must agree to our use of certain cookies. For more information on how we use and manage cookies please read our PRIVACY POLICY