Dundee-based Land & Building Services Limited has fallen into administration after the loss of major client McGill & Co
Land & Building Services has been placed in administration with Derek Forsyth and Blair Milne, partners with Campbell Dallas, appointed joint administrators.
Founded in 1990, Land & Building Services provided a broad range of services to the construction sector and had worked on several large projects, including Scotland’s oldest iron bridge, and gained recognition for its work from the Saltire Society and Historic Scotland.
The administration has been caused by difficult trading conditions and the loss of McGill, resulting in severe and unsustainable cash flow problems. Land & Building Services Limited has ceased trading with immediate effect, and all 27 staff have been made redundant.
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.”