The Dunne Group Limited (SC255658): administration
- Status
- Administration ended
- Administration began
- 2016-07-19
- Administrators
- Geoffrey Paul Rowley, Alexander Iain Fraser, Thomas Campbell Maclennan
- Administrators' firm
- FRP Advisory
- Incorporated
- 2003-09-09
- Location
- Edinburgh
- Industry
- 70100 Activities of head offices
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Loss-making contracts / project overruns
From the administrators' statement
The Group was established in 2001 carrying out main contracting, subcontracting and concrete frame manufacturing from premises including Bathgate, Leeds and London.
Turnover had grown exponentially over the last 4 years, October 2013 - £37m; 2014 - £54m; 2015 - £77m and 2016 was anticipated to be c£94m.
A summary of the Group's recent financial history is as follows:-
Administrators' statement of proposals (2016-09-15) · Companies House register