Donaldson & McConnell Group (in Administrative Receivership)

Blair Nimmo, Tony Friar and Mark Orton of KPMG Restructuring were appointed Joint Administrative Receivers of Grangemouth-headquartered Donaldson & McConnell Holdings Limited and a number of its subsidiaries, as detailed below, on Friday 3 June 2011 following a request by the group’s directors:

related
Minister Re-affirms Role Of Industry In Achieving Goals
Construction Sector Steadies But Long Road Ahead
Taxman's Complex Online Processes Just One Reason The UK's Tax System Is Not Fit For Purpose, Says Business Group
Back To The Eighties?
"Architects Go For Lowest Price"
Government Work Programme Begins Today
Work Programme Should Take A Long Term View, Says Pertemps
C & G Concrete Limited - In Administration
Can The Government Really Intend To Force The Construction Industry Back To The Days Of Casual Labour?
Administrations Soar Adding Further Cracks To The UK's 'fragile' Recovery

share this page

Also on 3 June 2011, Blair Nimmo, Tony Friar and Mark Orton were appointed as Joint Administrators of Donaldson & McConnell (Northern) (now dormant) and Donaldson & McConnell (Southern) (based in Canterbury, Kent).

The Group, formed in 1991, specialises in the design, supply and erection of complex timber and glulam roof structures. The Group imports and distributes glulam products to timber suppliers throughout the UK and Ireland with manufacturing facilities in Bo’ness, West Bromwich, Northern Ireland and Kent. The Group, which had an annual turnover of £11.3 million and employed 114 people across its four locations, ceased trading shortly prior to our appointment.

Blair Nimmo, Head of Restructuring for KPMG in Scotland, said: “In common with many companies that supply the construction sector, Donaldson & McConnell has experienced very challenging conditions in recent times, with the reduction in construction activity reducing demand for the Group’s products.

“The directors have made considerable efforts to reduce the cost base, but unfortunately cost cutting measures were insufficient to stem trading losses and cashflow pressures.

“We have started to assess the Group’s customer contracts with the intention of completing certain works and seeking offers for some of the Group’s contracts. We have retained 12 employees to assist with this process. Regrettably, we have had to make 102 employees redundant with immediate effect. We are working with government agencies to ensure all employee issues are dealt with.”

Parties who wish to express an interest in the Group’s business and/or assets should contact James Dewar in writing at the undernoted address