
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."
See Original Article
If your copmpany is struggling with debt and you would like some advice then please call us. We can help reduce the debt in many cases and make the payments more manageable.
Call us on: 0800 071 1616
Email us on: info@debtsgone.co.uk
Website: www.debtsgone.co.uk
Showing posts with label 30 jobs go as Kirkpatrick steel group falls into liquidation. Show all posts
Showing posts with label 30 jobs go as Kirkpatrick steel group falls into liquidation. Show all posts
Friday, 2 November 2007
Posted by Debtsgone LTD at Friday, November 02, 2007 0 comments
Labels: 30 jobs go as Kirkpatrick steel group falls into liquidation
Subscribe to:
Posts (Atom)
Blog Archive
-
▼
2009
(20)
-
▼
January
(20)
- THE Scottish Government has seriously underestimat...
- A Derbyshire travel firm has gone into voluntary l...
- Four out of five UK suppliers may have to write of...
- CANADA – Quebec employment minister Sam Hamad has ...
- The Business and Enterprise Regulatory Reform (BER...
- The company behind the controversial Lapland New F...
- The last Woolworths stores closed their doors yest...
- Insolvency accountants who chase up small council ...
- The Tales of Robin Hood has cancelled a school tri...
- As we have covered on a number of occasions of lat...
- Creditors of NHS Foundation Trusts that go bust co...
- The economic recession has claimed another major s...
- Students looking forward to graduating in 2009 m...
- Staff at Borcombe SP have been sent home and the c...
- Hundreds of high street retailers will collapse ne...
- The level of debt in the UK is "disturbing," the h...
- More than 10 national or regional retail chains ri...
- QUARTERLY rent bills, due for payment at the end o...
- Woodco Scotland Ltd has ceased trading while credi...
- Happy New Year!!!!Call now for help with corporate...
-
▼
January
(20)