Construction Work at our Site at Landressy Place has Stopped.
Last updated: 1.37pm, Thursday 30th April 2020
Construction at Landressy Place ceased on 23rd March, and unfortunately there is no prospect of that staring up again for the foreseeable future.
Central Building Contractors, (CBC), were in the middle of a £4 million contract building 27 retirement flats at Landressy Place. However on 29th April 2020 it was announced that family-run Central Building Contractors (Glasgow) Limited had been placed into administration following years of “challenging trading conditions in the construction sector”.
Established in 1971, the Glasgow based company provided a range of construction design, development and maintenance services throughout Scotland, employing 159 people. Administrators from KPMG said the company suffered from challenging trading conditions in the construction sector in recent years and encountered reduced margins, contract disputes and delays in the commencement of a number of significant projects. All the firm’s projects, including the one at Landressy Place, have been closed for the previous five weeks in accordance with the Scottish Government’s coronavirus guidelines.
It is not possible for the company to trade in administration, even should the lockdown be removed in early course. As such, following consideration of all available options, the joint Administrators required to make 148 employees redundant immediately following their appointment, with 11 members of staff being retained to assist with the administration process. Despite the efforts of the directors, the business faced a range of cash flow challenges in recent times, which were amplified by the recent covid-19 lockdown. Any party who has an interest in acquiring any part of the business and assets are urged to contact them to make that known.
CBC started on site at Landressy Place at end of October 2019 and it was expected that the 27 flats would be complete by around November this year. Sadly, there is no prospect of that now happening. We have re-secured the site, ensured that all the insurance arrangements are in place and as soon as we are able, then we will re-tender for the completion of the work. The photograph shows the progress at 30th April 2020, so the extent of the work necessary to complete this is fairly clear.