{"id":164226,"date":"2026-07-29T12:20:51","date_gmt":"2026-07-29T11:20:51","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=164226"},"modified":"2026-07-29T12:20:51","modified_gmt":"2026-07-29T11:20:51","slug":"nationwide-hire-files-administration-notice","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/nationwide-hire-files-administration-notice\/164226\/","title":{"rendered":"Nationwide Hire files administration notice"},"content":{"rendered":"

Nationwide Hire, a construction equipment hiring company, has filed a notice of its intention to appoint administrators<\/h2>\n

Based in Hampshire, the company employs 55 people but generated a pre-tax loss of \u00a31m for the year to September 2024.<\/p>\n

The company has been in business since 1995 and works with more than 900 suppliers providing kit for sites across the country.<\/p>\n

Construction administrations are on the up<\/h3>\n

In July last year, analysis by Shakespeare Martineau found that of the 783 businesses that entered administration in H1 2025, 10% were construction businesses<\/a>.<\/p>\n

This means 79 construction businesses filed for administration in the first six months of 2025.<\/p>\n

Andy Taylor, partner and head of restructuring at Shakespeare Martineau, said: \u201cWhile the year-on-year drop in administrations is worthy of note, the overall picture for business remains challenging.<\/p>\n

\u201cThese figures, while worthy of note, do not detract from the fact that the trading environment for many businesses remains highly challenging. Many companies are surviving through short-term fixes, but without sustained growth, improved consumer confidence and better access to funding, there are still choppy waters to navigate.\u201d<\/p>\n

Construction remains one of the most difficult businesses to run<\/h3>\n

Last month, data from Witan Solicitors found that 41.6% of construction businesses have failed<\/a> in the last five years.<\/p>\n

The data covers January 2021 to December 2025, and all of these businesses either fell into administration or were liquidated or dissolved.<\/p>\n

In this period, 257,087 businesses opened, and 107,086 of these closed.<\/p>\n

Qarrar Somji, solicitor-advocate and director at Witan Solicitors, explained: \u201cThe construction industry is under sustained and growing pressure, and there are very few signs that things will ease in the short term.<\/p>\n

\u201cIn the past few years, we\u2019ve even seen the collapse of well-known contractors such as ISG. So understandably, things may feel pretty bleak for firms that have just entered the market.<\/p>\n

\u201cRising costs, stretched supply chains, skills shortages and increasingly complex regulation are crippling the industry.\u201d<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

Nationwide Hire, a construction equipment hiring company, has filed a notice of its intention to appoint administrators.<\/p>\n","protected":false},"author":37,"featured_media":164227,"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":[285],"tags":[20347,689,908],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-164226","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-hr-skills-news","8":"tag-administration","9":"tag-equipment","10":"tag-economy"},"acf":[],"yoast_head":"\nNationwide Hire files administration notice<\/title>\n<meta name=\"description\" content=\"Nationwide Hire, a construction equipment hiring company, has filed a notice of its 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