Administrators appointed to SCC Limited

Administrators appointed to SCC Limited

Paul Dumbell and Brian Green from KPMG’s Restructuring practice are appointed Joint Administrators to SCC Limited, a design build contractor and manufacturer of pre-fabricated concrete structures

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Paul Dumbell and Brian Green from KPMG’s Restructuring practice in Manchester have been appointed Joint Administrators to SCC Limited, a design build contractor and manufacturer of pre-fabricated concrete structures.

The business, which employs around 149 staff, operates a production facility from its head office in Reddish, Stockport supported by a small team based in a leasehold premises in Sheffield.

The majority of the workforce have been sent home for a temporary period whilst options for the business are explored to preserve the business and asset values for the creditors. The Joint Administrators have retained a skeleton workforce at its head office to assist them during this time.

Paul Dumbell, director at KPMG and Joint Administrator, commented: “While the company had been experiencing difficult trading conditions in recent months, the insolvency earlier this month of one of SCC’s key customers, GB Building Solutions Limited, had left a significant hole in the company’s cash flow, such that there was little option but to appoint administrators.”

“Over the coming days, we will be working closely with the management team and with suppliers and customers to explore all options for the business.”

-ENDS-

 

For all enquiries relating to the administration of the business, please contact:

Matthew Herbert, KPMG

T: 0161 246 4010

For media enquiries, please contact:

Katy Broomhead, KPMG Corporate Communications

T: 0161 246 4623

M: 07824 537963

E: katy.broomhead@kpmg.co.uk

Follow us on twitter: @kpmguk

KPMG Press Office: 020 7694 8773

 

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff.  The UK firm recorded a turnover of £1.9 billion in the year ended September 2014. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 162,000 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.

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