Dundee construction firm set for administration

Thu, 12 Mar 2015 | ADMINISTRATION

A Dundee-based construction firm looks set to go into administration, reports suggest.

Muirfield Contracts has put forward a petition to the sheriff court to appoint administrators, according to The Tele. Further information from the BBC reveals that staff have been given letters telling them not to report to building sites as they had been placed on gardening leave.

The leading construction company employs over 250 people, of which around 100 are members of the building union UCATT.

Some employees attended a meeting at the Muirfield Contracts' headquarters at Camperdown Industrial Park on 11 March, where they were reportedly told the news.

George Ramsay, a UCATT representative, told workers outside Camperdown Industrial Park that employees had received letters pertaining to the appointment of administrators.

He explained: “They have handed out letters to some of them saying they are in the process of appointing an administrator but that is really all we know just now.”

The firm, which has offices in Dundee, Aberdeen and Grangemouth, has not commented on the issue. After being built up by Maurice McKay in 2013 Muirfield Contracts was sold to Azure Investments. The company has worked on major projects including refurbishing Dundee's McManus Galleries and constructing the Forfar headquarters for Angus Council.
______________________________________________________________________
Related information:
Looking for a business in administration? Search our listings
Tips on profiting from a distressed business


Share this article



Latest Businesses for Sale

BMW After Market Specialist
UK Wide

A rare opportunity to acquire a long established, profitable, BMW After Market Specialist, with an excellent reputation. Trading profitably since 1994. Offering complete automotive performance, engineering and styling solutions. This is a retirement...

Asking Price: Offers Invited
Turnover: £726,000

Provider of Coffee Machines & Related Products
South East, UK

Provides an extensive range of coffee machinery, which is imported from Italy and Spain, and coffee products, which are sourced within the UK. Offers invited.

Asking Price: Offers Invited
Turnover: £1,000,060

FREEHOLD


International Export Services
North West, UK

One of the UK's leading end-to-end service providers. Comprehensive export handling, packing and storage services, providing specialist cargo and goods management to a wide variety of international operations and private clients. 40+ years of success...

Asking Price: Offers Invited
Turnover: £1,300,000


View more businesses for sale

News Search

Latest News

 
24
 
Jan
 

Yorkshire engineering firm completes MBO deal | MBO/MBI

A West Yorkshire engineering group has been taken over by th...

 
22
 
Jan
 

Jewellery retailer enters administration | ADMINISTRATION

A Nottingham-based jewellery and watches company has fallen ...

 
19
 
Jan
 

Luxury lodging group enters administration | ADMINISTRATION

An Essex-based company which operates eight luxury lodge par...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources