Tayside Grain Company Limited (SC078924): administration
- Status
- Administration ended
- Administration began
- 2021-05-12
- Administrators
- Chad Griffin, Thomas Campbell Maclennan
- Administrators' firm
- FRP Advisory
- Incorporated
- 1982-06-01
- Location
- Edinburgh
- Industry
- 01610 Support activities for crop production
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
- COVID-19
- Loss-making contracts / project overruns
- Competition / price pressure
From the administrators' statement
AIS traded as grain merchants, selling and storing various types of grain including malting barley, wheat, oil seed rape and oats as well as smaller quantities of seed and fertiliser. Futures trading of wheat was undertaken via brokers. Historically TGCL traded, but 1GD did not.
JA, a director, is the majority sharehalder and has run the Group since 1985.
Alexander Inglis And Spon Limited ~ In Administration Inglis Grain Driers Limited — In Administration Tayside Grain Company Umited ~ Jn Administration The Administrators’ Propasals.
Administrators' statement of proposals (2021-07-06) · Companies House register