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Buckingham Group construction company on brink of collapse

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Buckingham Group, which has worked on HS2 and at Anfield Stadium, blames 'extreme inflation' for losses.

By Louise ParryA major construction company has stopped trading, citing "rapidly escalating contract losses".

Buckingham Group had a turnover of £665m in 2021 and said despite "very strong commercial performance across most of the business", it had suffered "deep losses and interim cash deficits on three major stadium and arena contracts, and a substantial earthworks contract in Coventry". The company had been delivering the 7,000-seat expansion of Anfield, which was anticipated to be completed during the 2023-24 campaign.would not affect the match against Bournemouth on Saturday and that the phased opening of their redeveloped Anfield Road stand could continue.

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