A UK construction company has collapsed into liquidation with debts of over £200,000. Oxford Builders Limited, based in Kidlington, Oxfordshire, filed for creditors’ voluntary liquidation earlier this month. The firm, which was founded in 2013, owed £205,100 to various creditors at the time of collapse, according to documents on Companies House. This included £184,432 in VAT to HMRC, £11,000 to Santander and £668 to aggregate supplier Earthline Limited.
It specialised in loft and house extensions and renovations and also offered consultation services across the county. Jane Hardy and Rosalind Mary Hilton of Adcroft Hilton Limited in Blackpool were appointed as joint liquidators on April 10.
While the company’s assets, including vehicles, machinery and computer equipment, total £43,138 in book value, they are expected to realise just £1,680.
Creditors’ voluntary liquidation is a process whereby a company’s directors seek to liquidate it when debts can’t be paid, requiring at least 75% of shareholder assent.
The number of firms filing for insolvency has jumped higher each month of the year so far as soaring wage bills and the Iran war send costs surging.
The latest data from the Insolvency Service shows the number of company insolvencies rose 7% month-on-month in March to 2,022.
Company administrations surged 52% between February and March to 235 and were 82% higher when compared with March 2025, while compulsory liquidations jumped 18%.
Company voluntary arrangements also doubled during the month to 20, the figures showed.
Construction and manufacturing are among the sectors who have been hit hardest by rising fuel and energy costs, with renowed ceramics firm Denby the latest household name to call in administrators late last month after struggling with sky-high prices.
Tom Russell, president of restructuring professionals trade group R3, said: “While it may be too early to see the full impact of the worsening economic situation in the formal insolvency statistics, energy and fuel costs have risen significantly, and for many businesses this has come at the same time as customers are becoming more cautious with their spending.
“That combination is extremely challenging, particularly for businesses with limited financial headroom.”