Dundee-based contractor W H Brown Construction has been placed in receivership with the loss of 130 jobs

WH Brown Construction was placed in receivership after struggling to cope with 鈥渄ifficult economic conditions鈥�.

Derek Hyslop and Colin Dempster of accountants Ernst & Young have been appointed as joint receivers.

Hyslop said: 鈥淒espite 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.

鈥淩egretfully, this has resulted in the unavoidable loss of approximately 130 jobs.

鈥淲e are now focused on establishing the full extent of the company鈥檚 debts as we aim to realise its assets on behalf of its creditors.鈥�

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

 

Topics