City Gate Construction buys Dimension Shopfitting out of administration
Construction and interior fit-out specialist Dimension Shopfitting has become part of the City Gate Construction group after it was placed into administration yesterday.
Curot Contracts Limited, which trades as Dimension Shopfitting, generated peak annual turnover in the region of £20 million, but challenging conditions in the retail, dining and wider hospitality and leisure sectors reduced the amount of work available to the business from its traditional customer base.
The cashflow pressures led the director to place the company into administration on July 18.
Despite this, the future order-book remains strong and its brand continues to be highly regarded.
Blair Nimmo and Alistair McAlinden of KPMG LLP were appointed joint administrators and immediately concluded a sale of the business and its assets to Barrochan Limited, protecting jobs and securing the continuation of trade in the process.
Blair Nimmo, UK head of restructuring at KPMG, said: “We are delighted to have been able to successfully conclude a sale which protects skilled jobs in the construction sector and preserves a market-leading brand. The strength of the brand and its future order-book will give the new owners a fantastic footing from which to develop the business further. I wish them every success for the future.”
Barrochan Limited will become part of the CGC group, the Paisley-based construction, refurbishment and maintenance main contractor.
Leo Reilly, chief executive of CGC, said: “We are delighted to have successfully concluded the purchase of Dimension Shopfitting. The addition of this business to our group undoubtedly enhances the portfolio of services which CGC offers.”