27 jobs lost as Dundee building firm falls in administration
A long-established Dundee-based construction company has been placed in administration after falling victim to the loss of McGill & Co.
Land & Building Services Limited has ceased trading with immediate effect, and all 27 staff have been made redundant.
The announcement comes just days after hundreds of jobs were lost at Dundee-headquartered McGill, with a resulting lost contract playing a major part in Land & Building Services’ collapse.
Founded in 1990, the firm provided a broad range of services to the construction sector and had worked on several award-winning projects, including Scotland’s oldest iron bridge, and winning recognition for its work from the Saltire Society and Historic Environment Scotland.
Administrators from Campbell Dallas said the administration has been caused by difficult trading conditions and the loss of a major client, resulting in severe and unsustainable cash flow problems.
Derek Forsyth, business recovery partner with Campbell Dallas, said: “The trading and cash flow problems affecting the construction sector are well-documented, and unfortunately Land & Building Services has been affected by these issues, together with the loss of a major client (McGill & Co) in the Tayside market.
“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. 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.”
Interested parties should contact the Campbell Dallas Business Recovery team on: 0141 886 6644.