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Architects to go into liquidation

Date Added: 07/08/2013  

Sidell Gibson Architects has confirmed it has ceased trading and expects to go into liquidation at some point in the near future.

The firm revealed that it would not able to carry on operating due to its financial problems and as a result is going to be wound down in the next few weeks.

Ron Sidell, who founded the 40 year-old company, admitted that the practice is going to fall into voluntary liquidation "in the best interests of our staff and creditors".

He explained that the added hit of delays to two major pipeline projects has given the firm little choice but to wind down, adding in a statement: "I personally, together with Cate Thomas and Geoffrey Barrett, have committed significant funds to try and carry Sidell Gibson through the downturn in project income."

The Sidell Gibson website was taken down immediately after the announcement of its impending liquidation was made by the founder, reports Architects Journal.

Offices in Birmingham and Clerkenwell were run by the company, which specialised in office and residential design, hotels and historic buildings and employed 43 members of staff.

Mr Sidell stated that even with times increasingly tough for architects due to the ongoing difficulties with the economy, they should not defect from the UK and start looking for jobs overseas.

"You just can't turn your back on a country, even in these terrible times," he said.

The firm had reached as high as 57th in the AJ100 rankings of Britain's biggest practices in 2010, but has slipped away over the course of the last couple of years as its financial problems became increasingly evident to the industry.

Earlier this month, it was confirmed that the Spanish-styled Rocco y Lola and Asia Chic restaurants in Plymouth have been closed down because of the liquidation of the company running the locations, owned by Edmond Davari.

The businessman sold one of his restaurants - Souk - recently, reported the Plymouth Herald.

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Posted by Miles Pritchard

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