Stricken fit-out firm bought out of administration by rival

Grant Prior 5 years ago
Share

A leading Scottish fit-out specialist has been been bought out of administration by a local rival.

Administrator Blair Nimmo
Administrator Blair Nimmo

Paisley based Curot Contracts Limited, trading as Dimension Shopfitting, went into administration on Thursday.

Administrators from KPMG immediately concluded a sale of the business to Barrochan Limited and it will now become part of the City Gate Construction group.

Dimension has been trading since 1984 and generated a turnover of £22m employing 58 staff according to its latest full accounts for the year to September 30 2017.

It ran into trouble due to challenging conditions in the retail, dining and wider hospitality and leisure sectors which reduced the amount of work available to the business from its traditional customer base.

Blair Nimmo, Joint Administrator and UK Head of Restructuring at KPMG, said: “We are delighted to have been able to successfully conclude a sale which protects skilled jobs in the construction sector and preserves a market leading brand.

“The strength of the brand and its future order-book will give the new owners a fantastic footing from which to develop the business further. I wish them every success for the future.”

Barrochan Limited will become part of the CGC group, a privately-owned construction, refurbishment and maintenance main contractor.

Leo Reilly, Chief Executive of CGC, said: “We are delighted to have successfully concluded the purchase of Dimension Shopfitting.

“The addition of this business to our Group undoubtedly enhances the portfolio of services which CGC offers.”

Latest news

Plan for £100m Liverpool Baltic station

Plans for Liverpool’s £100m Baltic station scheme have been revealed for public consultation ahead of planning being submitted. Subject to approval, it is expected work could begin on site in 2025, with the station planned for opening by the end of 2027. The new Merseyrail station is one of four planned by recently re-elected Liverpool […]
2 hours ago

Vistry seals £157m West London housing deal

Around 575 homes to be built at Merrick Place scheme in Ealing
7 mins ago

Surgo Construction went down owing £4.5m

Biggest creditor is Bellway Homes after dispute on housing job
50 mins ago

Streamlined Watkin Jones returns to profit in first half

Multi-room specialist sees secured work pipeline hit £1.4bn
26 mins ago

Bellway hires ex-brickie as group construction chief

James Griffin to oversee move to the Future Homes Standard and timber frame.
59 mins ago

Persimmon under fire for delays to £10m relief road

West Suffolk Council serves Breach of Condition Notices after timetable slips again
59 mins ago

BAM wins £33m Kent secondary school job

Replacement Swanley academy to be built at live school site
58 mins ago

Aluminium cladding specialist collapses

Melton Mowbray-based firm worked for several main contractors
24 hours ago

Brickwork contractor Lee Marley returns to profit

Affordable and rental homes demand lifts brickwork contractor
1 day ago

Housing contractor Durkan suffers second year of losses

More fire safety provisions tip firm into £3.9m loss
1 day ago

Farrans makes breakthrough on tricky tunnel job

Tunnel under Tees latest part of new £155m water pipeline job
1 day ago

Heidelberg buys aggregates and earthworks specialist B&A

Latest deal follows acquisition of Mick George
1 day ago

Flagship biodiversity net gain scheme flawed

NAO warns Government's flagship green development scheme at risk of failure
4 days ago

Plan in for £3bn Lincolnshire mega data centre

3.3m sq ft Humber Tech Park will be one of Europe's largest data centres
4 days ago

Green light for Digbeth 1,300 homes scheme

Warner’s Fields scheme to start with excavation and landscaping of the River Rea
4 days ago

£210m M3 Junction 9 upgrade gains consent

VolkerFitzpatrick to start work in early 2025 on Winnall roundabout, near Winchester
4 days ago

United Living wins 14-year L&Q homes repairs deal

Trafford housing upkeep deal worth £205m
4 days ago

£400m Lewisham resi-led scheme advances

Land deal paves way for Amro Partners' 1,000-home London scheme
4 days ago

McLaren gets go-ahead for Grade II listed Leeds student scheme

Springfield House to be revamped and two new wings added
4 days ago

Piling giant to fit people alarms on all rigs

Cementation Skanska upgrades site safety systems
4 days ago

Vistry to make £800m profit after subcontractor cost cuts

House builder bullish about shareholder returns after asking suppliers for discounts
5 days ago

Shareholders approve £2.5bn Barratt and Redrow merger

Final hurdle is for the competition regulator to approve the deal.
5 days ago

Green light for £80m Leith waterfront revamp

Build-to-rent homes and student accommodation scheme to be built
5 days ago

Tilbury Douglas clears Interserve legacy jobs to return to profit

Revenue tops £500m in first year as standalone contractor
6 days ago

Land deal paves way for Manchester civil service office hub

Government buys five acres at former Central Retail Park
5 days ago

Speller Metcalfe wins Wolverhampton library upgrade

Full works are due to start in the autumn
5 days ago

Skills shortage puts big infrastructure projects at risk

Government failing as an intelligent client and now over-reliant on consultancies
6 days ago

Contractors face further insulation board price hikes

Cost of PIR insulation boards set to rise another 10%
6 days ago

Henry Boot wins £36m Rotherham Markets job

Project involves upgrading existing market and building a new library
6 days ago

Keltbray hires new head of infrastructure procurement

Lukasz Olszewski will oversee rail, energy and highways business units
6 days ago

Contractor services