KPMG announces sale of Ferguson Shipbuilders Limited

KPMG announces sale of Ferguson Shipbuilders Limi...

KPMG completed the purchase of Ferguson’s and are excited by its potential to grow into a leading marine engineering business.

Also on

Blair Nimmo and Tony Friar of KPMG LLP, who were appointed as Joint Administrators of Ferguson Shipbuilders Limited, Newark Joiners Limited and Ferguson-Ailsa Limited (“the Group”) on 14th August 2014, today (10th September 2014) announce the sale of the group’s business and its assets to Clyde Blowers Capital.

Blair Nimmo, Joint Administrator and Head of Restructuring at KPMG in Scotland, said:

“It is extremely pleasing to secure the sale of Ferguson Shipbuilders in such a short timeframe and to buyers who can see the potential in the business and its skilled workforce.“We would like to thank those employees, and all parties with an interest in Ferguson Shipbuilders, including various government agencies, for their patience and support during this period.

 “We would also like to wish Clyde Blowers Capital every success for the future. As new owners they have an ambitious vision to build on its heritage and grow a successful shipbuilding and marine engineering business on the Clyde.”

 Jim McColl, Chairman and CEO of Clyde Blowers Capital said:

 "We are pleased to have completed the purchase of Ferguson’s and are excited by its potential to grow into a leading marine engineering business. Having completed the deal, we will be naming the company Ferguson Marine Engineering Ltd.  Work is now well underway to develop a plan to rebuild Ferguson’s, and we look forward to working with the key stakeholders in that rebuilding process.”


- ENDS -


For media enquiries, please contact:

The BIG Partnership

Phil Addicott on behalf of KPMG

T: 0141 333 9585

M: 07824 666 956


Alex Hamilton on behalf of Clyde Blowers Capital

T: 0141 333 9585

M: 07812 138701


KPMG Press Office : 020 7694 8773


About KPMG

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with approximately 11,500 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.

Connect with us


Request for proposal



KPMG’s new-look website

KPMG’s new-look website