{"id":136711,"date":"2024-02-02T10:27:53","date_gmt":"2024-02-02T10:27:53","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=136711"},"modified":"2024-02-02T10:27:53","modified_gmt":"2024-02-02T10:27:53","slug":"flooring-specialist-axiom-group-files-administration-notice","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/flooring-specialist-axiom-group-files-administration-notice\/136711\/","title":{"rendered":"Flooring specialist Axiom Group files administration notice"},"content":{"rendered":"<h2>The Bedfordshire-based contract flooring specialist Axiom Group is headed into administration, one day after staff were seen seeking new employment online<\/h2>\n<p>Axiom Group has filed a notice of intention to appoint an administrator.<\/p>\n<p>The company, which was established in 1979, has been led by group managing director Nick Edwards since 2008. He has been with the company for over twenty years and led a management buyout in October 2008, which allowed the previous owners to retire.<\/p>\n<p>Axiom Group boasted four offices across the UK and had worked across a variety of projects including but not limited to: &#8220;national retail chains, airports, corporate offices, government buildings, healthcare environments, educational establishments, residential developments and public buildings.&#8221;<\/p>\n<p>Notable projects completed by Axiom Group include screed and flooring work at Alder Hay Children&#8217;s Hospital, and flooring work at Manchester and Heathrow Airports.<\/p>\n<h3>Axiom Group&#8217;s descent into administration has been rapid<\/h3>\n<p>Recent figures show that Axiom Group had a turnover of \u00a317.8m in 2022, with a pre-tax profit of \u00a3781,177.<\/p>\n<p>However, the company site domain is now inactive and available to be bought.<\/p>\n<p>Members of the 44 staff were reportedly seeking new employment on LinkedIn due to the &#8220;sudden collapse of the Axiom Group Ltd&#8221;.<\/p>\n<h3>2024 may be a severe year for administrations<\/h3>\n<div>The first notable casualty of the year was <a href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/stewart-milne-english-division-files-administration-notice\/135963\/\" target=\"_blank\" rel=\"noopener\">Stewart Milne Group<\/a> in January, with over 200 jobs lost.<\/div>\n<div><\/div>\n<div>It follows a difficult 2023, where high inflation and interest rates, international tension and cautious consumers proved too much strain for many companies. The number of companies filing for administration increased by 22% on 2022, with construction accounting for 12% all administrations in the UK.<\/div>\n<div><\/div>\n<div>Andy Taylor, partner and head of restructuring at <a href=\"https:\/\/www.shma.co.uk\/\" target=\"_blank\" rel=\"noopener\">Shakespeare Martineau<\/a>, said: \u201cThe significant uptick in the number of companies filing for administration in 2023 underscores the challenges faced by businesses amid changing consumer habits, financial pressures, and geopolitical uncertainties.&#8221;<\/div>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The Bedfordshire-based contract flooring specialist Axiom Group is headed into administration, one day after staff were seen seeking new employment online.<\/p>\n","protected":false},"author":25,"featured_media":136716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[20347],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-136711","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-planning-construction-news","8":"tag-administration"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Flooring specialist Axiom Group files administration notice | Planning, Building &amp; 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