In a desperate attempt to rescue Alucraft Systems, ISG paid £300,000 to the subcontractor before its collapse.
- Despite ISG’s intervention, Alucraft Systems went into administration, affecting significant projects, including the Tempo Maidenhead refurbishment.
- Alucraft’s financial struggles led to a two-year delay at the Maidenhead site, with completion now expected in spring 2025, increasing overall costs.
- Attempts to save Alucraft were not limited to ISG, with other major contractors like Laing O’Rourke and McLaren involved, but ultimately unsuccessful.
- The appointment of a new subcontractor by ISG marked a new phase in efforts to progress the delayed project.
In a bold move aimed at salvaging a subcontractor from financial ruin, ISG delivered a substantial £300,000 payment to Alucraft Systems. Despite this effort, Alucraft, known for its glazing and facade expertise, succumbed to financial pressures and entered administration in March. The payment was a strategic attempt to stabilise Alucraft while they were involved in crucial works at the £42 million Tempo Maidenhead project, which is led by Legal & General.
Alucraft’s responsibilities at the Maidenhead site included intricate work on hybrid curtain walling, aluminium rainscreen cladding, and glass louvres. Unfortunately, financial difficulties disrupted these operations, resulting in significant project delays. The original scheduled completion for June 2023 has been pushed back to spring 2025, intertwining the delay with increased costs spanning several million pounds.
In the wake of Alucraft’s collapse, ISG faced challenges in securing a replacement, further complicating the project’s timeline. Although internal works have advanced, facade subcontractor Pacegrade was eventually appointed, poised to ramp up activities with around 120 workers on site.
ISG’s attempt to rescue Alucraft was part of a broader industry effort. Several high-profile contractors, including Laing O’Rourke, McLaren, and VolkerFitzpatrick, also explored options to salvage Alucraft, reflecting the subcontractor’s integral role in ongoing projects. However, despite their historical alliances, these attempts were ultimately unsuccessful.
The broader implications of Alucraft’s collapse were felt across various sites. Laing O’Rourke had engaged Alucraft for their £505 million Everton Stadium project, while McLaren had involved them at Thirty High in London—efforts that underscored Alucraft’s industry standing until their untimely demise.
Despite substantial efforts from multiple stakeholders, Alucraft Systems’ financial difficulties proved insurmountable, impacting numerous high-profile projects.
