Helix Construct files administration notice

London and South East building contractor Helix Construct has filed a notice of intention to appoint administrators at the High Court.
The Newbury-based firm employs more than 40 staff and specialises in affordable housing, education, care and commercial projects across London and the south of England.
Latest accounts reveal the business has been under growing cash and profitability pressure, while auditors also raised concerns over the valuation and profit recognition on several contracts.For t