Mckay Roofing Limited (SC081759): administration
- Status
- Administration ended
- Administration began
- 2016-04-20
- Administrators
- David K Hunter, Derek Forsyth
- Administrators' firm
- Azets
- Incorporated
- 1983-02-10
- Location
- Renfrew
- Industry
- 43910 Roofing activities
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Weather / natural events
From the administrators' statement
Founded in 1983, the Company was a privately owned roofing contractor trading from owned premises at Unit 7, Old Mill Park, Kirkintilloch, Glasgow, G66 18S. This was also the Company’s registered office address.
The Company was formed by Mr Ian McKay, who successfully grew the business over many years.
The Financial Statements for the year ended 31 March 2014 show a turnover of around £6.2m. The latest Financial Statements prepared for the year ended 31 March 2015, show turnover had reduced by c.£1.4m with pre-tax profits for the year of c.£75k and net assets of c.£1.5m.
Administrators' statement of proposals (2016-06-15) · Companies House register