UBC Group Ltd. (SC070817): administration
- Status
- Administration ended
- Administration began
- 2012-05-08
- Administrators
- Anne Clare O'Keefe, Elizabeth Galbraith Mackay
- Administrators' firm
- AlixPartners
- Formerly
- Uist Builders (Construction) Limited
- Incorporated
- 1980-03-05
- Location
- Glasgow
- Industry
- 41201 Construction of commercial buildings
Why it went into administration
- Funding withdrawn / unable to refinance
- Bad debts / customer insolvency
- Parent or group failure
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Sustained trading losses
From the administrators' statement
The Companies were part of a leading construction and civil engineering group together with UBC Central Limited, UBC Holdings Limited, UBC Homes Limited and UBC East Limited and Wyvis Roofing Limited (the Group). The Group was a key employer in the North of Scotland and the Western isles, employing approximately 300 people and 100 subcontractors.
UBC traded as a building and civil engineering contractor, Wyvis traded as a plumbing and heating contractor and Mardon traded as a painting and glazing contractor.
The Companies, together with Wyvis Roofing Limited, traded independently of each other but atso as sub-contractors on contracts awarded to the various companies in the Group.
Administrators' statement of proposals (2012-07-17) · Companies House register