Haydon M&E files administration notice

Haydon Mechanical & Electrical has filed a notice of intention to appoint an administrator.
Latest results for the London based M&E specialist show it had a turnover of £66.2m for the year to December 31 2021 generating a pre-tax loss of £6.2m.
Haydon entered a Corporate Voluntary Arrangement with its creditors in August 2022 following cash flow pressures.The CVA deal was designed to distribute at least £7.2m to creditors at the rate of £200,000 a month starting i