| 125 jobs are lost as firm goes into receivership |
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| Written by Andrea O'Neill | ||||||
 A WELL-ESTABLISHED engineering and groundworks firm is the latest East Kilbride company to fall victim to the economic downturn.Kilwuddie Construction, based in Nerston’s Wilson Place, is going into receivership with the loss of 125 jobs. The privately-owned local firm was this week forced to call in administrators PKF blaming the “enormous impact” of the recession on the construction sector. Bryan Jackson, corporate recovery partner at PKF, said: “The firm has considerable sums outstanding but has been unable to make several debtors pay, despite winning adjudications and settlements. “In addition, margins have been squeezed considerably over the last year to 18 months.” It is understood increased pressures over the past year had led to 175 job cuts before the remaining 125 redundancies were announced. Mr Jackson said: “Unfortunately, the plight of Kilwuddie Construction is all too familiar at the moment, as the repercussions of this unprecedented slowdown in the construction market continue to be felt at all levels in the sector. “Over the last few months I have had meetings with numerous companies involved in construction, and they are all struggling to continue to operate in these extremely difficult times for the industry.” Kilwuddie Construction offered clients a range of services, predominantly within the private housing sector. Established in 1994, the company, named after the old Kilwuddie tartan factory, was originally based in Strathaven. Continued expansion saw the company move its base from Strathaven to Hamilton and subsequently to its current head office in East Kilbride. Operations extended to 25 to 30 sites across the central belt with contracts varying in value from £20,000 to in excess of £10 million. The South Lanarkshire business is the latest in the line of victims in the construction industry which have suffered due to the economic climate. Some building companies have been forced to delay or halt developments due to the reduction in demand for houses.
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