London-based Jerram Falkus Construction has entered administration, bringing more than 140 years of trading to an end.
The family-run housebuilder, founded in 1884 by James William Jerram, filed a notice of intention to appoint an administrator. The move follows a period in which its most recent accounts gave little indication of immediate financial distress.
After reporting a £6.2m pre-tax loss in 2023, the company returned to a pre-tax profit of £37,000 in the year to 31 July 2024. It previously said the 2023 loss reflected a challenging period for the construction industry, pointing to the impact of fixed-price contracts agreed before inflation rose sharply and to project delays outside its control on schemes priced after costs had increased.
Turnover rose to £47.6m in 2024, up from £45m the previous year. The accounts also stated that subcontractors were paid within 30 days for the second consecutive year.
Accounts for the year to 31 July 2025 are due by the end of April.
The company’s website currently displays a message stating it is “temporarily down for maintenance”, while its social media profiles were no longer accessible.
The latest filed accounts show the company employed an average of 63 people during the year, with staff retention at 80%. The average length of service was 12 years for employees and 32 years for directors.
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