DUNDEE construction firm Land & Building Services Limited has been placed in administration with the loss of 27 jobs.
The move comes less than a week after another Dundee contractor – McGill – went into administration. McGill was a client of Land & Building Services and its demise was said to have been a factor in this case.
Founded in 1990, Land & Building Services provided a range of services to the construction sector and had won recognition for its work from the Saltire Society and Historic Scotland.
Administrators said “difficult trading conditions and the loss of a major client” had resulted in “severe and unsustainable cash flow problems”. Land & Building Services Limited has ceased trading with immediate effect.
Derek Forsyth and Blair Milne, partners with Campbell Dallas, have appointed joint administrators. 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 Limited) 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.”