Administrators put green block maker up for sale
Posted: Wednesday, May 4th, 2022
Woodcrete block producer Durisol has been put up for sale after its main Canadian backer pulled support placing it into administration. Cement-bonded wood fibre blocks produced by the firm have been available in the UK for over 15 years, although the technology was developed in 1947 in Austria. The business, which operates from a factory in Crumlin, South Wales, turned over £1.7 million last year, but slid to a £360,000 loss. This year the business is understood to have forecast revenue could hit £2.8 million revenue on the back of a strong order book put at around £6 million by one source who told Construction Enquirer. Since administrators from Leonard Curtis took control headcount has been cut from 15 to 4 staff. Durisol Insulated Concrete Form (ICF) can save up to 30% compared to the cost of traditional brick and block masonry. It was made from recycled timber and used low carbon concrete to up its environmental credentials. But use of the green blocks, popular in the self-build sector, had failed to reach its potential with bigger housing developers. A source told the Enquirer: “We were just starting to win over firms as producing low carbon homes comes into sharper focus. “It’s a real shame the business was placed into administration just as demand looked to be rising.” Firms interested in the business can email Leonard Curtis with bids due to be submitted before 2pm on 16th May.
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