Molson Plant Group is one of the biggest names in plant distribution, operating 16 UK locations and supported by more than 95 service engineers for contractors and plant hirers.
Molson Group, along with its subsidiary Molson Equipment Services, has initiated proceedings in the High Court and appointed administrators. This decision comes after significant financial setbacks and rising operational costs have put considerable strain on the business.
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The Bristol-headquartered business, which operates 16 locations across the UK, reportedly informed staff of the decision on Friday morning (6 November). Founder and chief executive Robin Powell reportedly announced the decision to employees.
Ross Connock, Tom Crookham and Vesela Romagnoli of PwC have been appointed joint administrators of Molson Group and four associated businesses: Molson Scotland; Molson Equipment Services Ltd; Capital Equipment Finance Ltd; and Aggregate Processing Solutions Ltd.
According to the administrators, challenging trading conditions and a decline in demand in the UK construction market have increased liquidity pressures, leading them to place the businesses into administration. After their appointment, the joint administrators sold the Molson Group’s shares in its US operations to the newly formed Fieldsec Hastings Limited. This deal will enable the US operations, part of the Powerscreen regional dealership network, to continue operating independently of the UK group. A small number of UK employees, along with all employees based in the US, will transition to the new buyer.r.
Following their appointment, the joint administrators sold Molson Group’s shares in their US businesses to the newly incorporated Fieldsec Hastings Limited. The transaction will allow the US operations, which trade through the Powerscreen regional dealership network, to continue independently of the UK group. A small number of UK employees, together with all US-based employees, will transfer to the buyer.
The recent announcement follows the release of financial results for the fiscal year concluding in September 2024. These results revealed that Molson achieved an impressive turnover of £333 million; however, it also faced challenges, recording a pre-tax loss of £10.3 million.
Founded in 1996, Molson became one of the UK’s leading plant distributors, supplying a wide range of construction and materials-processing equipment. Their machinery portfolio included well-known industry brands such as Kobelco, Hyundai Construction Equipment, Terex, Sennebogen, Bell Equipment, Thwaites, Merlo and Husqvarna demolition robots.
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