Civil engineering business Land Engineering (Scotland) has been placed in administration with 135 employees made redundant with immediate effect.
A total of 249 other employees have transferred to French-owned Idverde Ltd which has acquired the services, responsive and winter divisions and the company’s interest in contracts at Grangemouth, Craighouse and Quartermile.
Colin Dempster and Andrew Davison of Ernst and Young (EY) have been appointed joint administrators and said the Glasgow company had succumbed to “increasingly competitive” trading conditions.
Andrew Davison said: “The market has become increasingly competitive for the company and has impacted on its profitability, particularly in relation to the company’s construction business. Various options have been explored by the directors to address these challenges. Unfortunately none of these options were ultimately successful and the directors therefore took the decision to appoint administrators to help safeguard elements of the business. This has been achieved through the sale we have completed to Idverde.”
He added: “While it has been possible to save more than 60% of the total jobs through this sale, it is with regret that redundancies had to be made in relation to the remainder of the company’s business. We are doing all that we can to assist these members of staff to make their relevant claims and are providing them with access to impartial advice to help them face the future.”
Land Engineering was involved in activities ranging from civil engineering and landscaping to design and build contracts for natural stone surfaces. The business was headed by managing director Stuart Dillett (right).
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Article posted 1/6/2017