Donaghy

Type
Bankruptcy
Country
United Kingdom
Region
Scotland; West Central Scotland; Glasgow City
Location of affected unit(s)
Sector
Construction
41 - Construction of residential and non-residential buildings
41 - Construction of residential and non-residential buildings
41.0 - Construction of residential and non-residential buildings
175 jobs
Number of planned job losses
Job loss
Announcement Date
15 February 2012
Employment effect (start)
Foreseen end date

Description

Construction firm Donaghy has collapsed resulting in the loss of 175 jobs. The collapse was blamed on severe cash flow problems. A total of 10 staff has been kept on to help safeguard the company's assets.

Administrators KPMG are working to ensure that the remaining contracts with Donaghy customers will be completed or transferred to third parties.

Sources

  • 15 February 2012: BBC News

Citation

Eurofound (2012), Donaghy, Bankruptcy in United Kingdom, factsheet number 73113, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73113.