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Construction

Thu October 31 2024

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Scottish contractor joins list of failures

10 Jan 11 Scottish civil engineer and quarry firm Les Taylor Contractors and its demolition sister company JG Fowlie (Contractors) called in the receivers on Friday (7 Jan). Within hours, 164 employees had been let go.

Colin Dempster and Andrew Davison of Ernst & Young are joint-receivers to the Peterhead-based companies.

The collapse of the companies was blamed on increasing difficulties relating to the decline in demand for building services in Scotland.

Mr Dempster said: “The decline of the businesses was such that we had no other option other than to make these unfortunate job cuts.  Some staff have been retained to assist with securing and in gathering assets.  We are now focused on realising assets on behalf of the companies’ creditors.”

The firms were the two main divisions of the Les Taylor Group and employed 192 staff between them. It comes a year after the death of group founder and managing director Les Taylor, who started the company in the 1970s.

Accounts for Les Taylor Contractors show that it made a pre-tax losses of £5.7m in 2009 on a turnover of  £27.6m.

Two remaining divisions of the Les Taylor Group, Grampian Building Contractors and Mintlaw Transport, are still trading.

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