BTG chosen for administration of FK Group

Facades contractor FK Group has appointed administrators for the business and subsidiaries FK Group and FK Facades. The £100 million business appointed BTG to oversee the process.

Founded in 1979, FK Group is a façade construction firm based in the UK. Employing 164 people, its recent jobs included Sisk’s expansion of Manchester City’s Etihad stadium, while it previously worked on the main stand at Liverpool, built by Carillion.

Like the broader construction sector, however, FK Group has endured major headwinds of late. In its last set of results, FK Group booked a £5.5 million exceptional item with the firm adding the figure related to a dispute “between FK Construction Limited, one of the Group’s subsidiaries and a main contractor”. Details of the scheme are not revealed but the bust-up is understood to relate to a dispute with collapsed contractor ISG.

Accounts for the year to March 2024 meanwhile saw income slump by 23% to £101 million, with the exceptional item sending pre-tax losses jumping from £614,000 to £5.9 million. BTG (formerly known as Begbies Traynor) was appointed to oversee an administration in February 2026 – nearly four weeks after FK Group said it was set to appoint administrators.

BTG said it had been appointed after “significant inflationary pressures post-covid amongst other challenges” finally overwhelmed FK Group. As a result, 57 staff lost their jobs, while 54 jobs had been transferred to Keenan Holdings, an aluminium and glazing manufacturer and installer based at the same Altrincham address as FK Group.

Joint administrator David Hopkisn noted, “This is a significant restructuring of the Group’s assets and operations. The directors of the Group explored a number of avenues prior to this decision and established that this was the best route forward for all stakeholders, creditors and the future of the Group. As part of this restructuring process we will be focused on delivering the best outcome for all creditors. This will include realising the Group’s assets for the benefit of creditors.”