Styles & Wood to appoint administrators

Thursday, 27 February, 2020

Sale-based Styles & Wood’s parent company Extentia Group has taken the “difficult but correct and responsible decision” to appoint administrators to the troubled fit-out contractor and immediately cease activities.

Craig Eastwood, chief executive of Extentia, said: “Extentia’s programme management business Styles & Wood has experienced significant cashflow issues following a handful of large developer-led projects. By nature, this type of work is complex with high revenues and low margins; a situation inherited by Extentia Group’s new leadership team who succeeded predecessors at the end of November 2019.

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