A NORTH-EAST construction firm has been placed in provisional liquidation with the loss of all 19 jobs as the sector continues to be gripped by difficult trading conditions.
Anderson Construction (Aberdeen) is the latest in a series of building contractors to succumb to cashflow difficulties and margin pressure in light of the downturn of the north-east economy, sparked by the plunge in oil prices from late 2014. It follows the collapse last week of Huntly-based Deveron Homes, which went into administration amid project delays and challenges in the local housing market. Sister firm Deveron Construction has also ceased trading.
Anderson Construction, which was based in Northfield, Aberdeen, worked in the construction of commercial properties for private and public organisations, including local authorities.
Gordon MacLure, restructuring partner at Johnston Carmichael, has been appointed provisional liquidator to the firm, which traded for nearly 25 years and employed 35 staff at its peak.
Mr MacLure said: “In common with many building contractors in the north east of Scotland in recent years, the business has suffered from reduced margins and cashflow difficulties. In addition, managing director Kenny Anderson was recently diagnosed with cancer, and we offer him our best wishes for a successful outcome as he begins long-term treatment.With these factors considered, the directors concluded that it was not sustainable for the company to continue trading and regretfully took the decision that the company should be wound up. Our immediate focus is on the employees of the company, and we will liaise with government agencies, including PACE, to ensure these employees receive all possible support at this difficult time.”
The most recent accounts for Anderson Construction show it had net assets of £228,459 at January 31, 2017.
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