Type
Bankruptcy
Country
United Kingdom
Region
Scotland;
Location of affected unit(s)
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Civil Engineering
42 - Civil engineering

374 jobs
Number of planned job losses
Job loss
Announcement Date
1 February 2019
Employment effect (start)
1 February 2019
Foreseen end date

Description

Building services contractor McGill has entered administration with the loss of 374 jobs. The company, which is based in Dundee, also operates from sites in Edinburgh and Glasgow, and undertakes construction projects for residential, industrial and commercial sectors. A total of 55 staff will remain at the business while the administrators look for a buyer. The business had operated since 1981 and it is being reported that its collapse is linked to disputes and delays in payments on a number of important contracts. Prior attempts to secure additional funding proved to be unsuccessful. 


Sources

Citation

Eurofound (2019), McGill, Bankruptcy in United Kingdom, factsheet number 96689, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96689.