Galloway Group Ltd. (SC036181): administration
- Status
- Administration ended
- Administration began
- 2016-08-01
- Administrators
- Gavin Yuill, Robert Hunter Kelly
- Administrators' firm
- EY
- Formerly
- Galloway (Mechanical Services) Limited
- Incorporated
- 1961-03-08
- Location
- Glasgow
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Sustained trading losses
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
GGL and DEL were incorporated in 1961 and 1982 respectively. The principal activities of GGL and DEL were the fabrication, design and installation of ductwork for customers across the construction, marine, oil & gas, nuclear and process industry sectors. DEL was involved in the sale and distribution under licence of duct joining products on a worldwide basis (excluding the US) which were manufactured by GGL.
The recent financial results of the Companies can be summarised below. Management have advised that full monthly management accounts continued to be prepared up until May 2016 however the Group continued to be loss making.
GGL
Administrators' statement of proposals (2017-03-16) · Companies House register