Nationwide Hire Ltd has entered administration after more than 30 years in business despite generating £11million in annual revenue. The Hampshire-based construction equipment hire specialist formally entered administration on July 28 after filing a notice of intention to appoint administrators shortly beforehand. Rather than owning equipment directly, Nationwide Hire coordinated deliveries through its supplier network, providing services to construction sites across the country. 'Rising costs are crippling the industry': Construction hire firm collapses into administration after £1million loss | GETTYIts administration was identified by credit checking specialist Red Flag Alert through its monitoring of High Court insolvency filings. Suppliers were informed this week that Alliance Hire Solutions Ltd, a newly created subsidiary of the Alliance Tool Hire Group, had acquired Nationwide Hire Solutions.