Hundreds of workers have been made redundant after Dundee-based building contractor McGill & Co Limited went into administration. Established in 1981, McGill & Co provided services to clients in the residential, commercial and industrial sectors from its headquarters in Dundee and ancillary
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Last year saw a large increase in the value of fraud cases coming to courts involving rogue tradesmen, according to a new report. KPMG’s Fraud Barometer, which records cases of alleged fraud with a value of more than £100,000, found that while the vast majority of fraud cases involving f
A buyer has been found for Highlands construction firm Carbon Dynamic which went into administration last month. Around 40 jobs were on the line after the Invergordon-based sustainable modular buildings manufacturer succumbed to “challenging conditions and significant cashflow difficultie
Sustainable modular buildings manufacturer Carbon Dynamic has fallen into administration with the loss of 40 jobs. Carbon Dynamic, or CLDB Limited, specialised in the design and manufacture of bespoke timber modular buildings, designed to be low-energy, highly-insulated and constructed fro
Administrators have been appointed at a Fife-based steel fabrication firm with the loss of 25 jobs. Rippin Limited had been trading from Cowdenbeath since 1974 where it operated across Scotland and the north of England providing services to the UK construction industry.
Project delays and “challenges in the Aberdeenshire housing market” has resulted in Highland building companies Deveron Homes Limited and Deveron Construction Limited being placed into administration. The privately-owned firms operate two service lines from their headquarters in Huntly, comprisi
The Financial Reporting Council (FRC) has today opened an investigation under the Audit Enforcement Procedure in relation to KPMG’s audit of the financial statements of collapsed construction and services firm Carillion. The accountancy watchdog said it took the step following enquiries made since
Falkirk wood processing firm James Callander and Son entered administration with the loss of 89 jobs. The company has been trading for 74 years, processing softwood for construction, packaging and fencing.
A Moray engineering firm has fallen into liquidation with the loss of over 30 jobs. Blair Nimmo and Geoff Jacobs of KPMG in Scotland have been appointed as joint provisional liquidators of Brown Engineering (Fochabers) Limited.
Kitchen and bedroom manufacturer Trade Kitchen Centre Limited has applied to Glasgow Sheriff Court to be wound up under the Insolvency Act 1986. Tony Friar and Blair Nimmo of KPMG LLP have been appointed as interim liquidators. Solicitor firm Raeside Chisholm Solicitors is acting for the company.
Richard Threlfall Richard Threlfall from KPMG forecasts that 2017 will be a year of feast and famine for the UK construction industry.
Despite substantial investments, the construction industry is struggling to employ the full benefits of technologies like advanced data and analytics, mobile telephony, automation and robotics, a new report has found. In a survey of 200-plus senior construction executives by KPMG, just 8 per cent of
Richard Threlfall Richard Threlfall, KPMG’s head of infrastructure, building and construction, forecasts a positive outlook for the construction industry in 2016 and calls on all businesses in the sector to start to invest.
Richard Threlfall A shortage of skilled construction workers is among the main concerns of building industry chiefs around the world, according to the results of a new survey.
The financial position of many of the largest UK construction contractors remains weak despite greater deal-flow with cash balances and margins down, according to a report published today by KPMG. The report “Construction Barometer: Recovery in Sight?” analyses the operating margins, cash balanc