Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Tayside construction firm enters administration

Tayside construction firm enters administration

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.


Share this article



Latest Businesses for Sale

Provider of Shopfitting Solutions
UK Wide

Delivers specialist shop fitting services for pharmacies, offering design, supply, installation and maintenance solutions to meet client specifications and complete projects to a high standard. Works with a number of blue-chip and independent pharmac...

Asking Price: Offers Invited
Turnover: £1,100,000

LEASEHOLD


Tube Manipulation, Fabrication and Coiling Business
London, UK

The highway successful business opportunity was established over 60 years ago by our client's family who is now looking to sell the business to simply retire. The fully equipped opportunity will include the extensive range of specialist equipment,...

Asking Price: Offers Invited
Turnover: £800,000

LEASEHOLD


Building and Maintenance Contractor
UK Wide

Provides kitchen and bathroom adaptations including grab rails, non-slip flooring and low-level storage for elderly or disabled clients, alongside standard building services.

Asking Price: Offers Invited
Turnover: £1,400,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
16
 
May
 

Manx Financial Group to acquire Payment Assist in potential £9m deal | BUSINESS SALE

Manx Financial Group Plc has announced the acquisition of Pa...

 
13
 
May
 

Assets set to be sold as modular housing joint venture enters administration | ADMINISTRATION

The US House Group modular housing joint venture has fallen ...

 
12
 
May
 

Bathroom panel firm acquired for up to 9.1x EBITDA | BUSINESS SALE

Bathroom and kitchen products firm Norcros has agreed a deal...

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

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.