King Contractors (Perth) Limited (SC075790): administration
- Status
- Administration ended
- Administration began
- 2021-05-31
- Administrators
- Blair Carnegie Nimmo, Geoffrey Isaac Jacobs
- Administrators' firm
- Interpath Advisory
- Incorporated
- 1981-08-11
- Location
- Glasgow
- Industry
- 43999 Other specialised construction activities n.e.c.
Why it went into administration
- COVID-19
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
‘Established in 1981, the Company operated as an independent tarmacking business providing its services throughout Scotland.
The Company, which operated from leased premises in Perth, employed 19 people, all of whom were made redundant on appointment.
2.2 ‘Funding and financial position of the Company The Company was predominantly funded by an invoice finance facility it had in place with Advantedge, who are also a holder of a qualifying floating charge.
Administrators' statement of proposals (2021-07-28) · Companies House register