Scottish house builder goes under

Published:  19 August, 2011

CUMBERNAULD: Strathclyde Homes is in receivership. At its height in 2009 the company turned over £45m with 97 staff but had been racking-up debt and scaling-down operations since. It has built more than 1,100 homes in Scotland since trading started in 1990.

The Cumbernauld-based firm is now in the hands of receivers from Deloitte who are selling its assets. Strathclyde Homes has also been the title sponsor of Dumbarton Football Club's stadium since 2001.

Strathclyde had three developments on the go at the time of its collapse in Clydebank, Bathgate and Fauldhouse.

John Reid, partner in the restructuring team at Deloitte, told the Scotsman: "The housing market remains subdued which has unfortunately resulted in Strathclyde Homes being unable to continue trading as a viable business.

"Our priority now is to ensure we realise maximum value from the company's assets".

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight


Builders Merchants Vacancies – UK Wide

At Arco, we are an industry specific recruitment consultancy, providing sales and managerial staff Nationwide to Merchants, Distributors and Manufacturers of Building Materials within the Construction Sales Sector. Priding ourselves on our unparalleled customer service and hard work, we offer a fresh, innovative and personal approach to recruitment specifically designed to meet our clients’ needs and candidates’ skills.

Guest Blog by Simon Damp

Is DIY a lost art?

As time goes by, the art of do-it-yourself when it comes to activities around the home and garden is fast becoming more and more of a lost art.