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
This represents a unique opportunity to acquire a profitable assisted nursing/living facility in the serene region of Yorkshire.
FREEHOLD
This is an opportunity to acquire a well-established company valued at over a million pounds, supported by a dedicated and hardworking team.
Opportunity to acquire a well-established dental practice in a prime North West London location, ideal for expanding your portfolio or stepping into practice ownership.
21
|
Apr
|
Sybron undergoes management buyout | MBO/MBI
Sybron, a supplier of cleaning, hygiene and catering product...
21
|
Apr
|
Construction group Gilbert-Ash moves to employee ownership | BUSINESS SALE
Construction and fit-out company Gilbert-Ash has transitione...
21
|
Apr
|
Cargostore Worldwide makes its first ever acquisition in 30-year history | BUSINESS SALE
Cargostore Worldwide, a leading global supplier of DNV and I...
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.