Moray Timber Limited (SC161601): administration
- Status
- Administration ended
- Administration began
- 2014-09-16
- Administrators
- Geoffrey Isaac Jacobs, Blair Carnegie Nimmo
- Administrators' firm
- KPMG
- Incorporated
- 1995-11-15
- Location
- Glasgow
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Property / lease costs
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 15 November 1995, following a management buyout from Elgin City Sawmills Limited. As part of the transaction, the Company acquired the long-term lease for the sawmill and timber yard at Waterford Circle, Forres, 1V36 3EE (“Forres”). The Company subsequently developed warehouse facilities to support the sawmill operation at Forres.
The Forres sawmill was principally engaged in the manufacture, fabrication and treatment of timber products, including roof trusses that were manufactured to customer specification.
The Company also operated from a leasehold warehouse and office facility at 11 Perimeter Road, Elgin, Morayshire, IV30 6AF (“Elgin”). The Elgin business traded as a timber merchant and trade counter, supplying a wide range of timber products to businesses primarily in the North of Scotland.
Administrators' statement of proposals (2014-11-12) · Companies House register