Civil engineering contractor Crummock has collapsed with the loss of nearly 300 jobs.
Matt Henderson and Donald McNaught at Johnston Carmichael have been appointed as joint receivers for a trio of companies that form the group.
They are now dealing with the receiverships of Crummock (Scotland) Ltd, Crummock Holdings Ltd and Crummock Ltd.
The privately-owned contractor ceased trading today and 287 employees of the business have been made redundant as a result.
Crummock, which operated out of Bonnyrigg just south east of Edinburgh city centre, offered a wide range of civil engineering and surfacing construction expertise including groundworks, infrastructure works, roadworks and road surfacing.
The firm has worked on a range of landmark developments including the Donaldson school residential development in Edinburgh, Fort Kinnaird Retail Park and Shawfair – a major drainage infrastructure project south east of the city.
Matt Henderson said: “Crummock is a long-established construction business which, like many in the industry, has suffered from reduced margins in recent times.
“In recent months it has also encountered cashflow difficulties due to high retention levels, the tight margins within the sector and business specific issues.”
“Unfortunately, the business was unable to raise the capital to enable it to overcome the current financial challenges it faces and we are now dealing with creditors’ claims.”
from Construction Enquirer http://www.constructionenquirer.com/2018/06/01/civils-contractor-crummock-collapses/
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