EAG, a specialist in cladding and façade systems, has filed for administration, citing continued challenges in the UK construction industry. Its curtain walling manufacturing arm, Multifab Ltd, has also filed a similar notice, marking further turbulence within the sector.
EAG was one of four firms brought together in 2021 under the Clarison Group umbrella, aiming to build a £100m turnover facades business. However, the company became a standalone entity at the end of 2024, following a turbulent period for the group.
Clarison Group, which was majority-owned by UK private equity firm Elaghmore, has since ceased to exist. According to Companies House, it was renamed TGCL 2024 Ltd in March 2024 and entered voluntary liquidation in July 2024.
The collapse follows the downfall of sister company Alucraft, which went into administration in March 2023, leaving over £7.7 million owed to suppliers and subcontractors. The other companies that were part of the original Clarison Group include Williaam Cox and Alucraft Ireland Ltd.
In a statement, an Elaghmore spokesperson said:
“Sadly, the challenging conditions in the UK construction industry has meant EAG has not been able to secure new contracts and trade profitably, despite considerable investment. The Company sought new investment, but this process was unsuccessful. As a result, the Board of EAG has applied to the Court for Begbies Traynor to be appointed as administrators.”
EAG’s latest accounts for the year ending 31 December 2023 reported a turnover of £21.7 million, but the company suffered a pre-tax loss of £290,000.
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