Johnston Carmichael appointed receivers of Crummock

Matt Henderson and Donald McNaught, restructuring partners at Johnston Carmichael, have been appointed as joint receivers for a trio of companies that form construction firm Crummock.

Johnston Carmichael said it is dealing with the receiverships of Crummock (Scotland) Ltd, Crummock Holdings Ltd and Crummock Ltd. The appointments were made after the construction group took the step of placing itself into receivership.

The privately-owned multidisciplinary construction company ceased trading today, 1 June, and 287 employees of the business have unfortunately been made redundant as a result.

Crummock, which operated out of Bonnyrigg, eight miles south east of Edinburgh city centre, offered a wide range of civil engineering and surfacing construction expertise including: groundworks, infrastructure works, roadworks and road surfacing.

The firm has contributed to an array of landmark developments, such as the iconic Donaldson school residential development in Edinburgh, Fort Kinnaird Retail Park and Shawfair, a major drainage infrastructure project south east of Edinburgh.

Mr Henderson said: “Crummock is a long-established construction business which, like many in the industry, has suffered from reduced margins in recent times. In recent months it has also encountered cashflow difficulties due to high retention levels, the tight margins within the sector and business specific issues.”

“Unfortunately, the business was unable to raise the capital to enable it to overcome the current financial challenges it faces and we are now dealing with creditors’ claims.”