The company, which employs around 160 staff, posted an announcement on social media saying: 鈥淭his has been a difficult, but necessary step due to a number of cancelled and/or deferred projects which has meant that we are unable to maintain a positive cash-flow throughout the forthcoming months.
鈥淲e appreciate this action affects a large number of people, including our supply chain. We would also wish to thank each team member of HB Projects for all your hard work over the years.鈥�
HB Projects specialises in the retail sector and has delivered projects of major companies including Asda, Morrisons, B&Q, Greggs and Lidl.
In addition to its Bradford headquarters, HB Projects also has offices in Livingston and Gatwick.
Its latest accounts show a turnover of 拢56.7m in the year ending KFebruary 2022, up from 拢46m the previous year. Pre-tax profit was down, to just over 拢1m, from 拢1.3m in 2021.
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