Moorfields appointed administrators over Scottish Construction Company
Property company Seadon Construction has been forced to enter administration following financial difficulties.
Simon Thomas and Arron Kendall Property specialists of Moorfields have been appointed joint administrators on 26th July 2016.
The company had a portfolio of seven residential lets, a hotel, an industrial yard and a residential property located in Creetown and Newton Stewart in South West Scotland.
Moorfields will market the properties immediately.
Simon Thomas, joint administrator “The construction industry has had a difficult year. The recent Brexit vote will do little to install confidence in the industry with property developers and investors remaining unsure on how the vote will affect the market. The Seadon Construction portfolio is varied and offers a number of good opportunities for potential purchasers.
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Moorfields is one of the UK's leading independent firms of restructuring and insolvency specialists. Our highly skilled teams include restructuring professionals and licensed insolvency practitioners who provide leadership, experience and high quality advice to companies and their stakeholders in financially distressed situations.View all Our News