London construction firm Titan folds owing £4m
London-based Titan Construction Management has collapsed, calling in liquidators after owing more than £4m to creditors.
The company, which is part of the Titan Group where ISG founder and former chief executive David King was appointed chairman in 2014, had been involved in a number of mixed-use projects in the capital.
According to documents from Companies House, 100 creditors are owed a total of £4.38m while assets totalled around £367,000.
Liquidators from Portland Business & Financial Solutions and Begbies Traynor have been appointed, following a creditors’ petition hearing in Leeds last month.
Titan Construction Management was initially hit with a winding-up petition in August.
Another division of Titan Group, Titan SWR, went into administration on 1 August.