Another Scottish building firm has gone into administration. Langvale, the Perth-based property developer, was forced to call in practitioners from KPMG as the housing slump appeared to leave it unable to service its debts.

Another Scottish building firm has gone into administration.

Langvale, the Perth-based property developer, was forced to call in practitioners from KPMG as the housing slump appeared to leave it unable to service its debts.

The company, founded by former Redrow and Bett Homes director Terry Hawksby, had been working on high-end developments at three sites across Perthshire, as well as sites at Langbank in Renfrewshire and Crossbasket Castle in Lanarkshire, according to its website.

Mr Hawksby set up Langvale after resigning as managing director of the housebuilding division of Bett Brothers, the Dundee-based group now owned by the Gladedale, in October 1996. Prior to Bett, he was managing director of the West Country division of Redrow Homes in England.

Mr Hawksby could not be reached yesterday for comment, nor could the administrator at KPMG. However, accounts for the financial year to February 2007 - the most recent available - show Langvale sliding into the red even before the housing crunch had taken hold.

During the 12 months to February 2007, Langvale racked up pre-tax losses of more than £466,000. This compared to the previous year's profits of nearly £155,000. Though the amount it owed to banks in the form of loans and overdrafts had been trimmed, these liabilities still stood at almost £5.3m.

According to those accounts and other documents lodged with Companies House, Mr Hawksby owned half of Langvale's issued shares, while a further quarter were owned by its only other director, Ian Livingstone. The remainder were held by a third private investor.

Mr Livingstone resigned as a director of Langvale in August, when the company briefly fell into a provisional liquidation that was recalled by the court two weeks later. It was unclear yesterday whether he had retained a financial interest in the business.

At its site in Lanarkshire, Langvale had been planning to build a mix of flats, mews and detached homes in and around the refurbished Crossbasket House located north of East Kilbride.

Langvale is the latest in a string of Scottish developers to run aground.