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.”
Matthew Herbert, KPMG
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