Facade specialist FK Group has collapsed into administration, with 57 jobs lost and a further 54 rescued through a restructuring deal with Keenan Holdings.
The Altrincham-based building envelope specialist — comprising FK Group Ltd, FK Facades Ltd, and FK Construction Ltd — entered administration in mid-February 2026, after sustained inflationary pressures following the pandemic and wider market challenges proved too great to overcome. All three entities had originally filed their notice of intention to appoint administrators back in January, with the period extended in early February before joint administrators were formally appointed.
David Hopkins and Paul Stanley of BTG Begbies Traynor — the insolvency sub-brand of the recently rebranded BTG Consulting — were named as joint administrators. In a statement, the firm confirmed that company directors had explored a number of options before concluding that administration was the best route forward for all stakeholders.
In the difficult weeks leading up to the appointment, 57 redundancies were made across the group. However, a lifeline came in the form of Keenan Holdings, which stepped in to absorb 54 employees along with a portfolio of live contracts. Keenan Holdings is an aluminium and glazing manufacturer and installer based at the same Altrincham address as FK Group, and acts as the standalone holding company for Premo, a producer of high-quality architectural fabrications. The business is owned by Deborah Keenan, daughter of FK Group founder Francis Keenan.
The transfer of staff and contracts ensures continuity on major live schemes for clients McLaren and Domis in London and Manchester, with those novated construction contracts now to be delivered under the Keenan banner. The deal effectively sees around half of FK’s workforce absorbed into a leaner, refocused operation centred on fabrication and selected live projects.
David Hopkins commented that it was a significant restructuring of the group’s assets and operations, and expressed hope that the skilled workers made redundant before the administration could find new roles quickly, given the industry’s pressing need for talent as it works to meet building targets and housing demands.
Notably, not all parts of the group were caught up in the collapse. FK Resolv, the group’s building safety and remediation contractor, avoided administration entirely and continues to trade independently.
Administrators are now focused on realising the remaining assets of the group for creditors, while Keenan Holdings pushes ahead with its slimmed-down operation. The collapse marks a significant break-up of what was once an integrated building envelope business, and adds to a difficult period for the UK construction sector, which has seen several insolvencies in recent months amid persistent cost pressures and a challenging market environment.