Maclean and Speirs Blasting Limited (SC458679): administration
- Status
- Administration ended
- Administration began
- 2018-05-30
- Administrators
- Ian Scott Mcgregor
- Administrators' firm
- Begbies Traynor
- Formerly
- Maclean and Speirs Painting Ltd
- Incorporated
- 2013-09-09
- Location
- Glasgow
- Industry
- 43999 Other specialised construction activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Loss-making contracts / project overruns
- Parent or group failure
From the administrators' statement
The company operated from leased premises based at Unit D East Fulton Farm, Darluith Road, Paisley, PA3 3TP.
The business was set up as a painting, blasting and coating contractors.
In order to assist with cashflow the company was provided with working capital from a connected company, Group Ltd. As part of this agreement to provide working capital Group Ltd were granted a bond and floating charge over the company's assets which was registered on 23 April 2014.
Administrators' statement of proposals (2018-07-30) · Companies House register