Please visit https://www.companyrescue.co.uk/ for confidential help and insolvency advice or email keiths@ksagroup.co.uk

Thursday, 7 April 2011

R&D Construction in Administration

R&D Construction, based in Dumfries, has gone into administration after it failed to reach agreement with its bankers.  The firm is the main contractor in the housing renewal programme in Dumfries and Stranraer. Problems were first reported when the company was unable to pay all its staff last week. Ernst & Young have been called in as administrators.

R&D Construction is the building subsidiary of the R&D Construction Group and had a turnover of £7.19m as reported in the accounts up until 30th March 2010.

If you are affected by the administration of the R&D then please do get in touch.  We have helped building companies in the past.  Recent examples http://www.companyrescue.co.uk/case-studies/cva-case-studies/ksa-group-uses-a-company-voluntary-arrangement-cva-to-rescue-a-building-business-based-in-the-north-east and we have helped companies in Scotland.  Have a look at our Scottish Business Rescue Page

If you are an employee then you can look at our pages on the implications of administration for employee pages

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Many thanks for your comments. If you have a private business problem and you want advice give us a call on 0800 9700 539 or email me at keiths@companyrescue.co.uk. If you are a professional advisor with a troubled client, please suggest they visit www.companyrescue.co.uk or contact me as above.

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