Thursday, 16 February 2012

Donaghy Limited in Liquidation Move

Scottish building company, Donaghy Limited, has appointed provisional liquidators which has resulted in more than 170 construction workers losing their jobs.
The company was established in 1999 and is based in Govan, Glasgow.  The firm provides services to the social and private housebuilders industry.  The business had a turnover of £18m but it has suffered in the recent downturn.

Blair Nimmo, head of restructuring for KPMG in Scotland, said: "Despite Donaghy's strong reputation in the Scottish construction sector, the business has unfortunately experienced an extremely challenging trading period in recent months and throughout last year, largely due to the well-publicised downturn in the construction sector.

However, ConstructionSkills in Scotland has predicted growth in 2013, to 2016 averaging 1.6%

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