Wed, 09 Mar 2011 | ADMINISTRATION
Inverness-based plumbing firm, Ace Home Heating and Plumbing Services Ltd, has entered administration due to cash flow problems caused by the loss of a major contract.
The family-run business specialised in plumbing, joinery and electrical work and had contracts with Highland Council. The owners Chris and Gail Surtees started the business above a garage in Kiltarlity.
22 employees have now lost their jobs at Ace. The administrators have not yet been named.
Plant hire business DuBye, which was based on the same road as Ace, went into administration only last week with the loss of 20 employees.
Mr Surtees said, “It’s a very sad time. We had run the business for 31 years and had run a very tight ship. We employed our daughters and it was a family business."
“We moved into Inverness about seven years ago and had the showroom which was working very well.”
Mr Surtees did not specify the reasons for Ace’s collapse into administration, but did confirm that he was in talks with lawyers about the predicament.
William Gray of William Gray Construction, also based in Inverness, commented that the downturn in the construction sector in Scotland seems set to continue. “There is only a fraction of the money now coming north to housing associations and there is no new work coming in,” he said.
The company designs and delivers electronic portfolios for organisations that capture and assess evidence for personal, professional, and organisation recognition, internationally. The company creates leading digital solutions that mirror and enhance...
A distributor of oils and ancillary cleaning products to a wide client base, and is not dependent on any one client or market sector. These Items are an essential component to ensure smooth operation of equipment and reduce wear & tear and reduce ope...
The company is an equestrian business comprising a popular retail store, accredited livery and riding facilities and a competitive events operation, operating from an attractive rural location in the East Midlands.
LEASEHOLD
27
|
Nov
|
Debt collectors BPO take out loan to buy rival | BUSINESS SALE
Ayrshire-based debt recovery firm BPO Collections has receiv...
27
|
Nov
|
Brighton i360 looking for new owners | ADMINISTRATION
The company behind Brighton’s i360 viewing pod has fil...
27
|
Nov
|
Rollstore moves to employee ownership | BUSINESS SALE
Derbyshire-based materials handling equipment company Rollst...
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.