TA Kirkpatrick, the family-owned Dumfriesshire steel business, has collapsed into liquidation after a number of customers withheld payment amounting to "several hundred thousand pounds", according to accounting firm Campbell Dallas.
The company, which was based at Kirkpatrick-Fleming, on the banks of the River Kirtle near Lockerbie, was founded by Thomas A Kirkpatrick in 1971, and specialised in the construction of steel-framed buildings for agriculture, industry and commerce, as well cladding to architects and consultant engineers. The company became incorporated in 1991.
Derek Forsyth, who was appointed provi- sional liquidator, said there was no prospect of the company trading after the liquidation, and all 30 of its employees have already been made redundant.
advertisement"It's a real hit, especially at this time of year and in an area like this where the possibility of these people becoming re-employed quickly is fairly slim," said Forsyth, a partner with Campbell Dallas.
The company is understood to have become embroiled in a number of disputes with customers, one of them involving contract worth more than £100,000, and several others worth less.
"It was all too much for them and it ended up impacting on the com-pany's cash-flow position,"
Forsyth added.
"We are now in the process of trying to sell the property. It's quite sad really."
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Friday, 2 November 2007
Posted by Debtsgone LTD at Friday, November 02, 2007
Labels: 30 jobs go as Kirkpatrick steel group falls into liquidation
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