{"id":671050,"date":"2026-07-03T04:59:23","date_gmt":"2026-07-03T04:59:23","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/671050\/"},"modified":"2026-07-03T04:59:23","modified_gmt":"2026-07-03T04:59:23","slug":"groundworks-firm-mackoy-went-under-owing-suppliers-5-5m","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/671050\/","title":{"rendered":"Groundworks firm Mackoy went under owing suppliers \u00a35.5m"},"content":{"rendered":"<p>&#13;<br \/>\n\t&#13;<br \/>\n&#13;<br \/>\n&#13;<\/p>\n<p>The scale of the \u00a323m-turnover firm\u2019s debts across its supply chain was revealed in a Companies House update by administrator Quantuma.<\/p>\n<p>Mackoy went down last month and was then sold\u00a0out of administration in a pre-pack deal to Geocore Civils Limited saving 20 jobs.<\/p>\n<p><a data-ad-id=\"163817\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?id=163817&amp;url=http%3A%2F%2Fwww.constructionenquirer.com%2Fdirectory%2F%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" target=\"_blank\" onclick=\"track_ad_click(this);\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/07\/enquirer_directory_mpu.gif\"\/><\/a><\/p>\n<p>Geocore Civils Limited was established on May 12 by directors Benjamin Bousfield and Michael Mayock.<\/p>\n<p>Mayock wad founder and chairman of Mackoy and Bousfield Managing Director.<\/p>\n<p>The new firm paid \u00a350,000 up front for the business with a further \u00a350,000 due in staged payments.<\/p>\n<p>Administrators confirmed that more than 180 unsecured creditors will receive only 5p in the pound for their debts leaving them more than \u00a35m out of pocket.<\/p>\n<p><a data-ad-id=\"508625\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?id=508625&amp;url=https%3A%2F%2Fwww.vpgroundforce.com%2Fgb%2Fshoring-equipment%2Fproducts%2Flifting-equipment%2Fsheetmaster%2F%3Futm_source%3DConstruction%2BEnquirer%26utm_medium%3DSheetMaster2.0%2Badvert%2B%26utm_campaign%3DAdverts%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" target=\"_blank\" onclick=\"track_ad_click(this);\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/06\/sheetmaster.gif\"\/><\/a><\/p>\n<p><a data-ad-id=\"494661\" href=\"http:\/\/www.constructionenquirer.com\/wp-content\/themes\/constructionenquirer\/adclick.php?id=494661&amp;url=https%3A%2F%2Fbrand-accesssolutions.com%2Fg-deck%2F%3Futm_source%3Dconstruction-enquirer%26utm_medium%3Dbanner%26utm_campaign%3Dconstructionenq-ads\" target=\"_blank\" onclick=\"track_ad_click(this);\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/07\/1783054762_188_brand image001.gif\"\/><\/a><\/p>\n<p>\t&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n\t&#13;<br \/>\n&#13;<br \/>\n\t\t\t\t\t&#13;<br \/>\n&#13;<\/p>\n<p>\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/07\/1754002269_755_3.jpg\" alt=\"Grant Prior\" width=\"150\" height=\"150\" class=\"photo\"\/>\t\t<\/p>\n<p>\t\t\t&#13;<\/p>\n","protected":false},"excerpt":{"rendered":"&#13; &#13; &#13; &#13; The scale of the \u00a323m-turnover firm\u2019s debts across its supply chain was revealed in&hellip;\n","protected":false},"author":2,"featured_media":671051,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[84,59,56,54,55],"class_list":["post-671050","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-gb","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/671050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=671050"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/671050\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/671051"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=671050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=671050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=671050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}