Coastal Construction Faces Liquidation
“We did everything we possibly could to keep it going, but we got to the point where we couldn’t hold off anymore,” said Kevin Waddison, co-owner of Coastal Construction, as the company was put into liquidation owing creditors £1.06 million. This financial turmoil has significant implications for the construction firm, which has been the official building contractor for Norwich City.
Coastal Construction, established by Peter Waddison, who passed away in 2023, ceased trading in October 2025. The company had been struggling with financial pressures, culminating in a petition filed by Norwich City to wind up the business. The situation has left 26 creditors, including the football club, in a precarious position.
Kevin Waddison elaborated on the challenges faced by the company, stating, “It shows the sort of pressure we were getting from some of our creditors.” The brothers, Kevin and Gary Waddison, had injected around £300,000 into the company in an attempt to stabilize operations. However, the mounting debts proved insurmountable.
Despite their efforts, the brothers acknowledged the inevitable conclusion of their business venture. “Unfortunately we could not trade any longer,” Kevin Waddison remarked, highlighting the harsh reality of the construction industry’s financial landscape.
The financial difficulties were exacerbated by nutrient neutrality planning rules, which caused significant delays to housing projects that Coastal Construction had been involved in. These regulatory challenges not only hindered progress but also strained the company’s resources, making it increasingly difficult to meet its financial obligations.
In addition to the debts owed to creditors, the company had also invested in a hospitality box at Carrow Road, further intertwining its financial fate with that of Norwich City. This relationship underscores the impact of the liquidation on both the construction firm and the football club.
As the liquidation process unfolds, the future of Coastal Construction remains uncertain. Details remain unconfirmed regarding the next steps for the creditors and the implications for ongoing projects. The situation serves as a stark reminder of the vulnerabilities within the construction sector and the ripple effects that financial instability can have on associated entities.
With the liquidation now a reality, stakeholders are left to navigate the consequences of this development. The impact on Norwich City, both financially and operationally, will likely be closely monitored in the coming months as the club assesses its next steps in light of the situation.
