Begbies Traynor Group

Crossfield Living enters creditors’ voluntary liquidation

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Date Published: 12/07/2022

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.

About The Author

Meet the Team

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.

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