Jobs lost as Glenrothes manufacturer enters liquidation

Tue, 23 Jan 2018 | BUSINESS SALE

More than 30 jobs are set to be lost at a Scottish manufacturer this week after enormous debts lead to the company entering liquidation.

The staff at Murray and Murray limited, a Glenrothes-based firm known as one of the leading designers and manufacturers of bespoke kitchens and interiors, were all made redundant with immediate effect after directors wound the company up.

It has been reported that creditors have been invited to a meeting in nearby Dunfermline to discuss how they will be paid.

As for customers, however, many have been left with no guarantees that work they have already paid for will be carried out or completed. The Courier spoke to one who has been left with an unfinished kitchen despite paying its £44,000 price in advance.

They explained that trouble began after they had paid 40 per cent of the project’s cost in advance.

They added: “The first thing that happened was that the start date was delayed and then they demanded a further tranche of payment before the starting week, which I queried as I had never worked with a company that demanded such large sums of money upfront.”

The customer was then informed via one of Murray and Murray’s suppliers, a stonecutter, that the firm had been declared bankrupt.

There is yet to be any public information published about the future of the Glenrothes company, its suppliers, employees or customers.

Dunfermline financial firm Thompson Cooper has been appointed as liquidator, however.

A spokesperson for Thompson Cooper said that “various options” were explored by the bankrupt firm’s directors in order to allow it to continue trading.

They added: “Unfortunately, none were viable and the directors were left with no other option but to place the company into liquidation and 38 staff were made redundant.

“Known creditors have been made aware of the liquidation.”


Share this article



Latest Businesses for Sale

Luxury Kennels & Cattery
Yorkshire and the Humber, UK

Luxury kennels and cattery with professional grooming parlour (licensed for 142 dogs and 26 cats) in Peterborough for Sale. An opportunity to acquire this luxury kennels and cattery with stunning spacious four bedroom detached residence which must be...

Asking Price: £1,500,000
Turnover: £522,542

LEASEHOLD


Haulage Business
South Wales, Wales, UK

The business has been established for a number of years and has been owned and operated by the founder since that date. Offers invited.

Asking Price: £850,000
Turnover: £2,595,443

FREEHOLD


Bar & Function Room
Ilkley, Yorkshire and the Humber, UK

Situated in the heart of Ilkley town centre just off the busy Brook Street. The yard is a stylish bar offering a wide range of drinks, good, quality food, music with varied DJ’s and live artists all encompassed in an interesting layout. Offers invite...

Asking Price: £775,000
Turnover: £600,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
22
 
Mar
 

Scunthorpe nightclub up for sale | BUSINESS SALE

A former nightclub based in Scunthorpe has been put up for s...

 
21
 
Mar
 

Kent Logistics provider completes a successful acquisition | BUSINESS SALE

A Kent-based personalised logistics provider, backed by Livi...

 
20
 
Mar
 

Warrington construction company enters administration | ADMINISTRATION

A prominent construction business headquartered in Orford Gr...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
22
 
Mar
 

Scunthorpe nightclub up for sale | BUSINESS SALE

A former nightclub based in Scunthorpe has been put up for s...

 
21
 
Mar
 

Kent Logistics provider completes a successful acquisition | BUSINESS SALE

A Kent-based personalised logistics provider, backed by Livi...

 
20
 
Mar
 

Warrington construction company enters administration | ADMINISTRATION

A prominent construction business headquartered in Orford Gr...

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