W H Brown in receivership

Published:  21 August, 2012

DUNDEE: Contractor W H Brown Construction has been placed in receivership.

Company directors at Brown and its subsidiary Bronco Timber Products called in receivers from Ernst & Young on Monday.

Receiver Derek Hyslop said: "Despite the best efforts of the directors, difficult economic conditions have resulted in a situation where the immediate cessation of trading is necessary at both companies.

"We are now focused on establishing the full extent of the companyÕs debts as we aim to realise its assets on behalf of its creditors."

Brown has been working across the East of Scotland for 40 years on contracts worth up to £9m.

Related Articles

  • Britannia in administration 

    House builder Britannia Developments has gone into administration. Despite steady growth since its started trading 30 years ago pressure on mortgage availability and the economic downturn led to its collapse, said administrators from Deloitte.

  • Builders gain margins not volume 

    Persimmon built 543 extra houses last year despite the Government's drive to boost volumes. Persimmon says in a trading statement today that its focus continues to be operating margins which rose to 13% last year with a future target of between 15% and 17%. 

  • Ibbotson Construction in administration 

    One of Britain's oldest building firms, Ibbotson Construction has been placed in administration.

  • Bellway reservations rise 

    Housebuilder Bellway said reservation levels have improved, compared with a year ago, in a trading update covering the 18 week period to thew end of November.

  • Seddon seeking suppliers 

    STOKE-ON-TRENT: Seddon Construction is holding a 'Meet the Buyer' event next week to highlight opportunities for suppliers on the firm's £60m new-build housing programme for Sanctuary Group in the Midlands.

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight

Recruitment

Area Sales Manager

Sector: Rainwater
Location: South East of England

Guest Blog by Tony Crutcher

The marketing journey of a privately owned builders’ merchant

Marketing management became the process of management for this privately owned builders’ merchant when taking the business forward.

Subscribe to Builders' Merchants News magazine
In the April issue:
All-Industry Conference: Fakro on why it is this year’s Headline Sponsor;
Ecobuild: The first part of our review of this year’s show;
Leading Lights: A round-up of the top-performing merchants in 2012.

Events Diary

Click here to see all 41 events

Click here to let us know about an event!