FRP Advisory secures sale of First-Rate Maintenance safeguarding 28 jobs

A North East property maintenance business has been rescued out of administration, safeguarding 28 jobs and ensuring continuity of services for its customers.

The business and assets of First-Rate Maintenance Limited (“the Company”) were sold following the appointment of Steven Ross and Shaun Hudson as Joint Administrators on 9^th April 2026.

First-Rate Maintenance built a strong reputation for delivering comprehensive property maintenance services to housing associations, local authorities, landlords and national retailers.

Despite a history of steady trading and workforce growth, the Company experienced increasing cashflow pressures during 2025. While efforts were made to stabilise the business, these challenges ultimately led the directors to seek professional insolvency advice from specialist business advisory firm FRP and pursue a sale to protect value for creditors and preserve jobs.

The sale completed via a pre-packaged administration to DIMA Group FM T/A First-Rate Maintenance Limited (DIMA Group), an unconnected purchaser. The transaction enables the business to continue trading under the First-Rate Maintenance name, maintaining existing contracts and service provision across its client base.

Steven Ross, Restructuring Advisory Partner at FRP and Joint Administrator of First-Rate Maintenance Limited, said: “This transaction delivers a positive outcome for all stakeholders. The sale preserves employment, maintains service continuity for customers and secures the future of a well‑regarded regional business, while achieving the best possible result for creditors.”

Andrew Gilmour of DIMA Group added: “As the new operator, First-Rate Maintenance is committed to building on its established platform supporting its workforce, customers and partners as the business enters its next phase.”