E.M. Mackenzie & Co. Limited (SC035301): administration
- Status
- Administration ended
- Administration began
- 2018-03-08
- Administrators
- George Dylan Lafferty, Barry John Stewart
- Administrators' firm
- Leonard Curtis
- Incorporated
- 1960-05-25
- Location
- Glasgow
- Industry
- 43210 Electrical installation
Why it went into administration
- Loss of a key customer, supplier or contract
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 25 May 1960, however, it had been trading since 1952 as a family run firm of electrical engineers and contractors, operating from leasehold premises at Meiklewood Gate, 39 Meiklewood Road, Glasgow, G51 4GB.
The Company provided electrical installation services, power solutions, lighting design, fault finding and electrical maintenance to industrial and commercial customers throughout the UK. In previous years, the Company was involved in more niche work, such as shop fitting and specific on-going maintenance contracts working for as handful of customers. This work was competitively priced, yet carried good margins. In recent years, due to market conditions, the type of sales mix changed and the Company became more reliant on tendered work, which generated much lower margins.
Prior to appointment, the Company employed 41 staff, comprised of 31 engineers working on 6 sites across Scotland and 10 office based members of staff.
Administrators' statement of proposals (2018-05-03) · Companies House register