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
A restaurant and bar nestled in the heart of historic Malmesbury. Boasting a rich legacy spanning over a millennium, this licensed establishment offers more than just a dining experience - it’s a journey through time and taste.
An opportunity to acquire a real gem of a successful Italian restaurant in the heart of Fitzrovia, Central London. Ideally placed for The West end and many central London attractions. In operation for 15 years and with an impressive turnover and prof...
LEASEHOLD
A charming coaching inn that dates back to the 1600s. Steeped in historical significance as a former field hospital, this iconic establishment is now available for purchase. With 2/3 Bedroom house located across the car park now available by separate...
08
|
May
|
Assets to be sold as steel processing firm ceases trading | ADMINISTRATION
A steel processing business based in the Liverpool City Regi...
07
|
May
|
In vitro diagnostics regulatory consultancy acquired by listed firm | BUSINESS SALE
Abingdon Health, a listed diagnostic test manufacturer based...
07
|
May
|
UK administrations update: April 30 – May 7 | ADMINISTRATION
Since our last update, the following businesses have been co...
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
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.