Collapse of Buckingham Group casts shadow over UK rail sector

Empty tracks outside Allerton Depot in Liverpool
Built by Buckingham Group, but the empty tracks outside Allerton Depot in Liverpool are indicative of the company's predicament Image Buckingham Group

The weekend announcement of the financial crisis and imminent collapse of Buckingham Group Contracting, a prominent construction company with a significant presence in the UK rail sector, has sent shockwaves through the industry. The company, known for its involvement in major rail projects, has been grappling with escalating costs at three major sporting stadium contracts, leading to a sharp reduction in liquidity and making it unable to continue trading. The predicament of the compnay is raising concerns about the potential impact on the rail sector, including the rail freight industry.

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Author: Simon Walton

Simon Walton is RailFreight's UK correspondent.

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Collapse of Buckingham Group casts shadow over UK rail sector | RailFreight.com

Collapse of Buckingham Group casts shadow over UK rail sector

Empty tracks outside Allerton Depot in Liverpool
Built by Buckingham Group, but the empty tracks outside Allerton Depot in Liverpool are indicative of the company's predicament Image Buckingham Group

The weekend announcement of the financial crisis and imminent collapse of Buckingham Group Contracting, a prominent construction company with a significant presence in the UK rail sector, has sent shockwaves through the industry. The company, known for its involvement in major rail projects, has been grappling with escalating costs at three major sporting stadium contracts, leading to a sharp reduction in liquidity and making it unable to continue trading. The predicament of the compnay is raising concerns about the potential impact on the rail sector, including the rail freight industry.

Do you want to read the full article?

Are you already a member?

Log in

Having problems logging in? Call +31(0)10 280 1000 or send an email to customerdesk@promedia.nl.

 

Tags: , , ,

Author: Simon Walton

Simon Walton is RailFreight's UK correspondent.

E-mail

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