Carillion-hit ground engineer goes under again

摘要

Ground engineering specialist Aspin Group has gone into administration for the second time in 18 months, writes Jordan Marshall. The company originally entered a pre-pack administration in April last year after being hit by a £800,000 loss when Carillion went bust. It was rescued when US investor Sandton Capital Partners bought the company but a statement on Aspin's website confirmed the firm has failed again. It said that last Thursday the directors of the company called in administrators from restructuring firm Quantuma. The latest accounts filed at Companies House for the 18 months to 31 January 2018 show Aspin Group made a pre-tax loss of £10m from a turnover of £39.8m.