Wed, 06 Feb 2019 | ADMINISTRATION
Dundee construction company Land & Building Services has gone into administration, ceasing trading with immediate effect.
The firm blamed difficult trading conditions as well as the recent collapse of one of its main clients, fellow Dundee-based company McGill & Co.
Campbell Dallas partners Derek Forsyth and Blair Milne have been appointed as joint-administrators.
Derek Forsyth highlighted the construction sector’s well-documented trading and cash flow problems, along with the collapse of McGill & Co. as major contributing factors to Land & Building Services' administration.
"We will now be marketing the company's assets for sale, including remaining contracts, and a wide range of plant and equipment, and would urge interested parties to contact us as soon as possible,” Forsyth said.
"We will also be working closely with the relevant agencies, including the Redundancy Payments Office, to ensure the employees receive as much support as possible,” he added.
Land & Building Services was founded in 1990 and employed 27 people, providing a range of services for the construction sector.
McGill & Co. announced the redundancy of over 370 employees after entering administration last week. The building contractor had employed 429 people across its Dundee headquarters and further offices in Glasgow and Edinburgh.
It blamed a winter slowdown in the construction industry, exacerbated by customers refusing to settle bills on time. The firm was ultimately unable to secure the necessary funding required to reorganise its business in time.
McGill & Co. was founded in 1981 and provides services to clients across the residential, industrial and commercial sectors.
Successful business operating for over 36 years. Primarily offers comprehensive grounds maintenance services to property management providers throughout the region.
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