Creditors left reeling as Ashford goes under

摘要

Ashford Construction has ceased trading, leaving a string of creditors in its wake.rnThe cash-stricken firm, which had a turnover of £54m in 2008, confirmed in a statement that the board and its advisers were to appoint administrators.rnAshford was a subsidiary of the Old House Holdings Group and was working on the £35m WarwickshirernCollege rugby centre in January.rnIn a statement it blamed "rapidly declining workload" and said "little sign of any pick-up in enquiry levels had left the directors with no options"rnBirmingham-based subcontractor Commercial & Industrial Electrical Services confirmed it was owed up to £60,000, while a spokesperson for Security Network UK, said it was owed £40,000.