Dunfermline builder WMS Projects folds

Sandy Loan1
The flats at Sandy Loan in Broughty Ferry

A Dunfermline building company has gone out of business within weeks of finishing a housing development.

WMS Projects were appointed by developer Ferrier Holdings of Arbroath to build the complex of 15 affordable flats in Broughty Ferry.

The development under the National Housing Trust initiative was formally opened in January by housing minister Margaret Burgess MSP.

The homes were built to provide affordable homes for people in lower paid employment in Broughty Ferry in a scheme that gives tenants the option to buy.

The final tenants moved in on March 12 and five days later WMS went into provisional liquidation.

It is understood the firm owed thousands of pounds to sub-contractors and suppliers.

Michael Ferrier of Ferrier Holdings said the practical completion notice for the flats was granted on March 6, and he had paid WMS everything they were due.

He told The Courier: “I financed the project and was paid by the limited liability partnership of Ferrier Holdings, Dundee City Council and the Scottish Futures Trust.

“The amount of money I paid to WMS is confidential. I have heard they have gone into provisional liquidation and I cannot comment on the reason.”

Dundee City Council’s financial stake was in the form of a loan to be repaid when the flats are sold.

WMS are based at Dunfermline Business Centre on Izatt Avenue. Records at Companies House showed the company had gone into liquidation.

Its directors are listed as Alan Peter Christie and Garry Wilson. James David Tosh was also a director but he resigned in January.

Richard Gardiner of Dunfermline accountants Thomson Cooper has been appointed provisional liquidator, and he has told creditors that a winding up order will shortly be made.

An interim liquidator will convene a meeting of creditors, and Mr Gardiner asked those with claims against WMS to forward details.

Management firm Northern Housing Company are not involved with WMS.

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