Holloway White Allom, the London fit out specialist, has been placed in administration with the loss of 225 jobs. The firm was established in 1882 and was associated with high-end residential and commercial refurbishments. At its peak the firm had an annual turnover of £90m
In February this year private equity company Privet Capital injected cash into the business for a majority stake holding.
According to reports the reasons for the failure have been that a couple of projects hit higher than expected costs. However, in the last 2 years turnover has reportedly fallen to £60m and there has been an uneasy relationship with the firms new backers.
Administrators from KPMG are handling the company's affairs.