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Enterprise

Developer behind major Salford Quays scheme enters administration

Beaumont Morgan Developments is the construction arm of Fortis Group

The Fortis Quay development pictured in December 2021(Image: Fortis)

The developer behind a 900-home scheme in Salford Quays has entered administration.

Begbies Traynor has been appointed as administrator to Beaumont Morgan Developments, according to documents filed with Companies House.

The firm is the construction arm of Fortis Group and is based at Lancastrian Office Centre on Talbot Road in Stretford.

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Begbies Traynor partners Stephen Katz and Asher Miller are to lead the administration process, according to Companies House.

The firm's latest financial accounts, for the 12 months to March 27, 2020, show it reported a turnover of £47.1m, up from £40.2m, and a pre-tax profit of £64,400 after posting a loss of £72,165 during the prior 12 months.

According to those documents, the business employed 61 people during that financial year.

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Its most recent accounts were due to be filed with Companies House by December 27, 2021.