More builders in liquidation
Published: 19 February, 2010
FIFE: Building company Thomas Mitchell Group called in the administrators. Blair Nimmo and Gary Fraser of KPMG Restructuring, were appointed as joint administrators on Wednesday.
Mr Nimmo said, "It is no secret that the UK and Scottish house building sectors have been hit hard by a number of factors in the economic downturn, all of which have had a detrimental effect on the day-to-day running of this well-established and family-run business."
The father of present directors Alen and Graeme Mitchell founded Thomas Mitchell Group in 1958. The group's house building operations caused its current cash problems with group turnover down year-on-year from £38.9m to £29.8m in 2009.
In Shropshire, builders Frank Galliers went into receivership. Creditors meeting at Telford on Wednesday were told that Frank Galliers Ltd owed a bank about £4m and the same amount to about 450 others.
Work on two multi-million-pound council projects, Oswestry Leisure Centre and the Market Hall in Market Drayton, has been suspended. Shropshire Council says it is committed to completing the work.
Accountancy firm BDO is handling the liquidation. Business restructuring partners Jo Wright and Malcolm Cohen were appointed joint liquidators.