Dundee building company West Residential has gone into administration after failing to raise cash to help it through the recession.
The company ceased trading in January and held discussions with its bank regarding continued support during the difficult trading conditions affecting the construction industry.
Company director Barry Galloway said they had made strenuous efforts “to secure continued and ongoing support to allow the company to continue.”
He continued, “These efforts have proved unsuccessful, and accordingly the decision has been taken to place the company into administration with immediate effect. Despite trying our best we have to be philosophical in the current climate which does not show any signs of improvement.”
West Residential was formed in 2003 and built in the region of 200 houses throughout Tayside and Fife. The company prided itself in the development of high-quality new housing and refurbishment projects, and won a Dundee Institute of Architects’ award for its Albany Gardens estate in the city.
Other developments included Woodlands Row at Hamilton Street in Barnhill, the hall and housing at Barnhill St Margaret’s Church, Ashludie Mews and the Pavilion House in Monifieth, the Old Coachworks at Kellas, Kenmore Gardens in Dundee, The Braes at Kirkton of Auchterhouse and Carberry Court in Leven.
It also had developments at Allanfield, Tullibardine, and Moulin Muir outside Pitlochry.
Future developments were planned for the Walled Garden at Tealing, Burnhead Paddocks, Blairgowrie, and Kinnaird, Pitlochry the realisation of this land bank will be a matter for the administrator.
Mr Galloway said three employees had been made redundant as a result of the cessation of trading, and the company’s offices in City Quay, Dundee, had been closed.
Photo used under Creative Commons licence courtesy of Flickr user woodleywonderworks.