Tue, 14 Jul 2015 | ADMINISTRATION
Cardiff-headquartered refrigeration and airconditioning business MacWhirter Ltd has entered administration.
The firm, which designs, installs and services refrigeration and airconditioning units, celebrated its 130-year anniversary back in 2012. However, the loss of key contracts saw business decline sharply and eventually administrators were called in on 3 July, with 52 employees made redundant and just three kept on to help wind down the business while a sale of the company is sought.
Richard Hawes and Matthew Cowlishaw of Deloitte have been appointed as joint administrators, Insider Media reported.
MacWhirter has its headquarters in the Welsh capital but also has operations in London, Horsham and Bristol. Some of the big contracts it has worked on in the past includes the Radisson Hotel in Guildford, Honda's UK logistics centre, and a maintenance contract that spanned over different 100 Marks & Spencer stores.
Richard Hawes, joint administrator and partner in Deloitte's restructuring services practice, commented: "The company has recently experienced losses from several contracts due to poor margins being achieved.
"As a result of which, the company was unable to continue to trade and the directors took the decision to place the company into administration on 3 July 2015."
Contact the administrators of MacWhirter Ltd.
View other businesses in administration
The business for sale is a popular, independent builders’ yard/supplier specialising in a wide range of building products. Offers invited.
LEASEHOLD
This is a fantastic opportunity to acquire a long running and well-established joinery business currently serving the London area. Offers invited.
LEASEHOLD
Specialises in comprehensive dust and fume extraction solutions, providing tailor-made designs, installations and support services. Offers invited.
LEASEHOLD
|
26
|
|
Mar
|
Craft beer company goes under | ADMINISTRATION
With stores in London, Canterbury and Margate, craft beer me...
|
25
|
|
Mar
|
West Midlands transport company enters administration | ADMINISTRATION
The company behind the Ring and Ride services throughout the...
|
22
|
|
Mar
|
Scunthorpe nightclub up for sale | BUSINESS SALE
A former nightclub based in Scunthorpe has been put up for s...
Sign up to receive our acquisition alert emails to get your FREE guide
|
19
|
|
Jan
|
Luxury lodging group enters administration | ADMINISTRATION
An Essex-based company which operates eight luxury lodge par...
|
17
|
|
Oct
|
IT distribution company enters administration | ADMINISTRATION
Beta Distribution, a specialist IT services and distributor ...
|
12
|
|
Sep
|
Strutt and Parker Farms Ltd up for sale | BUSINESS SALE
Boasting a rich 100 year history, Strutt & Parker (Farms) Lt...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources