Windows firm in liquidation

Windows firm in liquidation

TFD (Scotland) Ltd, which supplied double glazing windows to trade and the housebuilding sector, ceased trading after more than 13 years on 25th August 2016 with the loss of 63 jobs.

Windows firm in liquidation

Donald McNaught, a restructuring partner at Johnston Carmichael, has been appointed as the provisional liquidator to the East Kilbride-based firm.

The company traded as Trade Frames Direct and Dalmatian Windows

Customer difficulties in the wider construction sector were cited as factors contributing to the business failure, including the loss of a major deal following the insolvency of Muirfield Contracts in March 2015.

Donald McNaught said: “Unfortunately the business has been unable to ensure sufficient cashflow to remain viable, despite repeated efforts by the directors to improve its position and protect jobs. We are now actively seeking buyers interested in the company’s remaining stock, premises, plant and equipment.”

The liquidators are working with Partnership Action for Continuing Employment (PACE), a consortium of 22 organisations including Skills Development Scotland, to help the employees affected to find new jobs.



Windows firm in liquidation

This article was published on 30 Aug 2016 (last updated on 30 Aug 2016).

Source link

Windows firm in liquidation

Latest Issue

Windows firm in liquidation
BDC October 2022 issue - 297

Related Articles