Build Scotland Logo For Mobile
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
06/05/2010

Door Closes On Firm In Receivership

Construction News Image
A Dundee-based door manufacturer has gone into receivership with the loss of 62 jobs.

McTavish Ramsey and Company appointed administrators KPMG on Thursday.

A total of 62 of the firm's 86 staff were made redundant with immediate effect leaving 24 to continue working on existing orders.

The company said the problems were not because of a lack of work but were due to a technical breakdown and the unwillingness of suppliers to provide materials after they became wary of the firm following a previous credit arrangement.

hss

Blair Nimmo, head of restructuring for KPMG in Scotland, commented: "Over the last two months McTavish Ramsey, with the support of its creditors under the CVA, has worked to restore viability, however, due unforeseen difficulties and the ongoing impact of the current economic slowdown, the business has experienced cashflow pressures, resulting in receivership."

The company's former MD and owner David Melville, who sold the business 2004, spoke of his concern for the workforce: "They were in tears when it was announced and I feel for them. I've lost money, too, because I still had a loan in it, but these people have not been paid a month’s salary."

(GK/BMcC)

Latest Construction News

30/03/2017

A major milestone has been reached on a £64 million healthcare project in Kirkwall, Orkney. Robertson has achieved Financial Close with NHS Orkney to deliver a new hospital and healthcare facilities in the town. Working with a Scottish Government long term project finance solution, the company wil
30/03/2017

Plans have been approved to build over 1,000 new homes in East Lothian. The council has granted planning permission for Hargreaves to deliver 1,600 new houses at Blindwells, a former open cast coal mine which was shut in 2000. The scheme forms the first phase of a wider proposal to build over 3,20
30/03/2017

Scottish Power is investing £36 million to help reduce the risk of trees and branches colliding with overhead power lines in Scotland, Merseyside and North Wales. A total of nine maintenance contracts are now underway, which will see trees next to the 44,000km power line network managed over a thre
30/03/2017

Plans have been approved to invest more than £3.6 million in business infrastructure projects for Hawick. The Scottish Government has agreed on proposals set out in the Hawick Action Plan, which aims to economically boost and regenerate the town. The plans include the immediate development of key
30/03/2017

The Big Lottery Fund (BLF) has awarded £750,000 to support the development of a community hub in Rutherglen. Healthy n Happy Community Development Trust is planning to create a new home at Number 18 on Farmeloan Road. The building, in which Clyde Gateway was a key partner in its purchase and subse
30/03/2017

Up to £16 million is available to build new 'affordable' homes in Borders, Fife and Shetland, Housing Minister Kevin Stewart has announced. The funding boost is possible thanks to a Government investment in charitable bonds, which provide loans to housing associations and allows the interest to be
30/03/2017

A new deal has been signed for Aberdeen to benefit from opportunities in Mexico's oil and gas industry. A Memorandum of Understanding (MoU) was agreed with Villahermosa City and the state of Tabasco in Mexico on Tuesday, 28 March. Currently, representatives from Aberdeen are meeting with various o
30/03/2017

Plans have been revealed to replace a swimming pool as part of a £36 million school campus project in Moray. Last year, Councillors approved plans to build a new Lossiemouth High School with capacity for 800 pupils, along with community facilities and a swimming pool. However, officers had recomme
30/03/2017

Over £11 million has been spent on local homes energy efficiency projects in Perth and Kinross since 2010, it has been revealed. At a committee meeting on Wednesday, 29 March, Councillors heard how a range of energy efficiency measures have been carried out on homes over the last seven years, inclu
30/03/2017

Moray Council has rejected plans to build a new £40,000 crash barrier on the B9014 road in Speyside. The Dufftown and District Community Association had petitioned the council to erect the barrier on a bend in the route near Parkmore due to concerns a serious accident could occur at the site. Tree
Kirk Natural Stone Developments LtdQTS Training LtdRichardson and StarlingTaywood Home Improvements LtdMorris & Spottiswood LtdStuart King Architecture & Design LtdPinefield Glass LtdSolidCore Composite DoorsTHT Scaffolding Company Ltd.Taywood Home Improvements Ltd
Terms and Conditions