Muirfield (Contracts) Limited (SC112140): administration
- Status
- Administration ended
- Administration began
- 2015-03-12
- Incorporated
- 1988-07-06
- Location
- Renfrew
- Industry
- 41201 Construction of commercial buildings
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Bad debts / customer insolvency
- Loss-making contracts / project overruns
- Sustained trading losses
- Management failings / irregularities
From the administrators' statement
Founded in 1988, the Company was a leading privately owned main contracting construction business, headquartered in Dundee but with offices also in Aberdeen and
Grangemouth.
The Company was formed by Mr Maurice McKay, who successfully grew the business over a 25 year period to a turnover of around £48m and a workforce of approximately 400, including labour only sub-contractors. The latest financial statements, for the year ended 31 October 2013, show a pre-tax profit for the year of c.£1m and net assets of
Administrators' statement of proposals (2015-05-13) · Companies House register