# Maclean and Speirs Blasting Limited (SC458679)

> Why UK company SC458679 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC458679

- **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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC458679/filing-history/MzIxMDkwOTMyOGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC458679

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.