East Kilbride flooring contractor enters administration with 43 redundancies

George Lafferty of BTG was appointed administrator of Industrial Floor Treatments Limited on 10 March, after the directors approached the firm to review the company’s financial position.

Established in 1985 and operating from sites in East Kilbride and Bishop Auckland, the business provided a comprehensive range of flooring systems and installation services for industrial, commercial and end-user clients across Scotland and the north of England.

The company had experienced ongoing cash flow difficulties driven by challenging market conditions in the construction sector, reducing margins and seasonal reductions in revenue.

Thomas McKay, managing partner of BTG in Scotland and Northern Ireland, said: “The construction sector in Scotland has faced increasingly challenging economic conditions in recent times, with tight margins, skills shortages and reduced tender opportunities putting pressure on contractors across the supply chain.

“Businesses operating in the sector are also particularly exposed to fluctuations in workload throughout the year, and these seasonal patterns can intensify cash flow pressures for firms already operating in a difficult market.

“Unfortunately, despite a great deal of support for the business by the directors over recent years, the financial position of the company deteriorated and meant that it was no longer able to continue its operations and was forced to cease trading.

“Regrettably, this has resulted in 43 redundancies. We are working closely with those affected to help them access the support and financial entitlements available to them, including assistance from Partnership Action for Continuing Employment (PACE) and the Redundancy Payments Service.

“Our priority is to ensure they receive the guidance and advice they need during this process, and to maximise the return from the sale of assets including property and stock to benefit the creditors.”