“Future of construction” firm in administration

The agency’s merchandise included Cementene – a concrete admixture hailed because the “way forward for development” which boosts power and cuts carbon.

Versarien has trialled its merchandise on HS2 and signed a take care of Balfour Beatty to work on new merchandise.

Andrew Knowles and Andrew Poxon from Leonard Curtis have now been appointed Joint Directors of the AIM listed agency.

The corporate had been making losses for a number of years and had been exploring a possible sale for months.

Knowles mentioned: “We’re upset {that a} solvent sale of the enterprise didn’t happen, regardless of reaching out to each {industry} and non-industry particular events.

“Nonetheless, we’re presently in negotiations with a number of events who need to purchase the enterprise and property from the directors.”