A potential buyer has been found for a collapsed construction firm, the joint administrator said.
McGill & Co employed 429 across its Dundee headquarters and offices in Glasgow and Edinburgh.
It was announced when the firm went into administration at the start of the month that 374 would be made redundant with immediate effect.
READ MORE: Hundreds of jobs to be lost as McGill enters administration
It is unclear at this stage how many of the remaining number would be retained.
Blair Nimmo, global head of restructuring and joint administrator at KPMG, said: "The joint administrators are pleased to announce they have appointed Catalus Energy Investments Limited as the preferred bidder and granted them a short period of exclusivity to acquire the business and certain assets of McGill & Co Limited – in administration."
READ MORE: Land & Building Services enters administration after losing McGill as client
He added: "Agreement of the sale is subject to due diligence and contractual agreement, however, both parties are hopeful that a transaction can be concluded in early course.
"Further information will be available in due course."
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