A.F. Budge: Difference between revisions
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'''A.F. Budge''' was a British civil engineering and construction company based in [[Nottinghamshire]]. |
'''A.F. Budge''' was a British civil engineering and construction company based in [[Nottinghamshire]]. |
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[[Image:Owner A F Budge (equine) Limited.svg|thumb|right|150px|The company's horse-racing colours]] |
[[Image:Owner A F Budge (equine) Limited.svg|thumb|right|150px|The company's horse-racing colours]] |
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===Receivership=== |
===Receivership=== |
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A.F. Budge (Road Materials) Ltd went into well-publicised [[receivership]] on 9 December 1992, undertaken by [[Cork Gully]], with £96.6m debts, under the [[Insolvency Act 1986]].<ref>[https://www.independent.co.uk/news/business/burning-questions-on-mr-coal-as-richard-budge-prepares-to-find-pounds-1bn-to-buy-privatised-mines-1444321.html Independent October 1994]</ref> As a road construction company, it was profitable, but the company made some disastrous investments in other areas in the late 1980s. |
A.F. Budge (Road Materials) Ltd went into well-publicised [[receivership]] on 9 December 1992, undertaken by [[Cork Gully]], with £96.6m debts, under the [[Insolvency Act 1986]].<ref>[https://www.independent.co.uk/news/business/burning-questions-on-mr-coal-as-richard-budge-prepares-to-find-pounds-1bn-to-buy-privatised-mines-1444321.html Independent October 1994]</ref> As a road construction company, it was profitable, but the company made some disastrous investments in other areas in the late 1980s. |
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Revision as of 21:30, 12 November 2019
A.F. Budge was a British civil engineering and construction company based in Nottinghamshire.
History
It built many sections of motorway in Yorkshire and the north Midlands. It was established by Tony Budge (August 1939 - 3 February 2010) in December 1962.[1] He was the older brother of Richard Budge, who established his coal mining business RJB Mining, also based in Bassetlaw. Richard Budge joined the company in 1966. Another director of the company was Janet Budge, Tony's wife.
RJB Mining was formed from a management buyout in February 1992 for £107m.
Anthony Frederick Budge[2] liked racehorses, and his company invested in Doncaster Racecourse. The company owned Retford Gamston Airport. Tony Budge lived at Osberton Hall at Scofton (in Worksop), the former home of Francis Ferrand Foljambe, near the River Ryton, off the B6079 between Worksop and Retford.
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Receivership
A.F. Budge (Road Materials) Ltd went into well-publicised receivership on 9 December 1992, undertaken by Cork Gully, with £96.6m debts, under the Insolvency Act 1986.[3] As a road construction company, it was profitable, but the company made some disastrous investments in other areas in the late 1980s.
The company, and RJB Mining, were investigated in an edition of Panorama on 1 May 1995.
Structure
The company, also known as A. F. Budge (Contractors), was based in Retford (Ordsall) in Bassetlaw, north Nottinghamshire, directly west of Retford railway station.
Products
It built many bypasses including the A46 bypasses for Newark-on-Trent and Lincoln. NORWICH bypass Trouse to Newham . Willan lake H5 Milton Keynes
References
- Times 9 February 1995, page 5
