{"id":137980,"date":"2024-03-14T09:59:45","date_gmt":"2024-03-14T09:59:45","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=137980"},"modified":"2024-03-14T10:08:07","modified_gmt":"2024-03-14T10:08:07","slug":"fife-groundworks-plant-hire-james-penman-collapses","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/fife-groundworks-plant-hire-james-penman-collapses\/137980\/","title":{"rendered":"Fife groundworks and plant hire James Penman collapses"},"content":{"rendered":"

All 35 jobs have been lost at the family run James Penman (Plant Hire) and associated drainage firm Meiklem Drainage<\/h2>\n

Fife-based James Penman (Plant Hire) specialised in groundworks, drainage and plant hire and was due to celebrate its 50th anniversary this year.<\/p>\n

Established in 1974 by James Penman’s father, in September 2022, the company’s plant and machinery were valued at \u00a33.5m, with net assets of \u00a31.5m.<\/p>\n

Around 35 staff are understood to have been made redundant at the company and the associated Meiklem Drainage division.<\/p>\n

James Penman previously completed works for Forth Crossing Bridge Constructors, Scottish Natural Heritage, Fife Council, St Andrews R & A Golf Course, Kimber Golf, Martin Stevens, Morrison Construction, Halls Construction and Savills.<\/p>\n

Post-pandemic financial obligations led to the company’s downfall<\/h3>\n

Callum Angus Carmichael and Michelle Elliot were appointed joint provisional liquidators of the Company on 5 March 2024, as insolvency specialists FRP Advisory<\/a> took over the company.<\/p>\n

Callum Carmichael said: \u201cJames Penman struggled to maintain its financial obligations, which stemmed from the pandemic and, regrettably, has entered liquidation<\/a>.<\/p>\n

\u201cOur job now is to focus on supporting all staff that have been impacted with their applications to the redundancy payments service as we wind down the remaining business.\u201d<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

All 35 jobs have been lost at the family run James Penman (Plant Hire) and associated drainage firm Meiklem Drainage.<\/p>\n","protected":false},"author":25,"featured_media":137982,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[20347,431],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-137980","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-planning-construction-news","8":"tag-administration","9":"tag-plant-equipment-supplies"},"acf":[],"yoast_head":"\nFife groundworks and plant hire James Penman collapses | Planning, Building & Construction Today<\/title>\n<meta name=\"description\" content=\"All 35 jobs have been lost at the 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