National Timber Group Scotland Limited (SC080045): administration
- Status
- In administration
- Administration began
- 2025-11-26
- Administrators
- Michael John Magnay, Gemma Quinn, Jonathan Charles Marston
- Administrators' firm
- Alvarez & Marsal
- Formerly
- Rembrand Timber Limited
- Incorporated
- 1982-09-16
- Location
- Glasgow
- Industry
- 46130 Agents involved in the sale of timber and building materials
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
From the administrators' statement
The Company was incorporated on 16 September 1982, as Rembrand Timber Limited. The Company was acquired by Cairngorm in June 2018, and subsequently became National Timber Group Scotland Limited, on 3 March 2020.
Funding and financial position of the Company
A Company balance sheet, as at 30 September 2025, (the most recent management accounts) is shown at Appendix 2. A summary of the Company’s financial performance for the period from 1 January 2022 onwards is shown below:
Administrators' statement of proposals (2026-01-21) · Companies House register