Jobs lost as Glasgow construction firms fold
- 22 February 2013
- From the section Scotland business
Nearly 50 jobs have been lost following the collapse of a Glasgow construction firm and its parent company.
William Crawford and Son and J&T Blacksmiths were placed in administration after suffering cash flow problems.
A total of 46 staff have been made redundant at the firms' bases in Hillington industrial estate.
Administrators from Begbies Traynor are now seeking a buyer for the group, which has an annual turnover of £5.2m.
More than 40 staff have been kept on.
J&T Blacksmiths was established in 1979 and provides steel works to major contractors and utility companies.
Its fully-owned subsidiary William Crawford and Son (Contractors) Ltd worked closely with J&T Blacksmiths Ltd on construction, repair and maintenance contracts.
Joint administrator Paul Dounis explained that the businesses had suffered "unresolvable cash shortfalls", partly as a result of a slowdown in the market.
He said: "We are continuing to trade the businesses and continue to provide an ongoing service to existing customers that include major contractors.
"A quick sale will be needed to enable the businesses to continue to win future contracts and maintain sales revenues."
He added: "We are unable to make any guarantees regarding how long jobs will remain viable until we secure a buyer for the firms, but we are making every effort to secure a return for the creditors and secure a future for the businesses and their staff."