Glenalmond Group Limited (SC085061): administration
- Status
- In administration
- Administration began
- 2024-03-15
- Administrators
- Michelle Marie Elliot, Allan David Kelly
- Administrators' firm
- FRP Advisory
- Formerly
- Glenalmond Holdings Limited; Kiresh Limited
- Incorporated
- 1983-10-14
- Location
- Glasgow
- Industry
- 70100 Activities of head offices
Why it went into administration
- Loss of a key customer, supplier or contract
- Loss of key people
- Parent or group failure
- Property / lease costs
From the administrators' statement
The Company is a group holding company which had three main subsidiaries, Pipe Clad, VCL and IODS.
Other UK subsidiary companies of the Group are Livingston Welding Products Limited, Glenalmond Oil and Gas Limited, and Glenalmond Technologies Limited. The Company also has two non trading overseas subsidiaries, VCL (Malaysia) SDN BHD and Glanalmond Do Brasil IND.E.ENG.LTDA. Most of the companies are dormant and are not subject to an insolvency process.
The shareholders of GGL are Barbara Mincher together with BAM as Trustee. The ultimate beneficial owner is BAM.
Administrators' statement of proposals (2024-05-08) · Companies House register