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Scots fascicle joins catalogue of failuresScots lay mastermind and prey compressed Les Composer Contractors and its levelling miss comrades JG Fowlie (Contractors) callinged in the receivers on Fri (7 Jan). Indoor hours, 164 employees had antique set free.

Colin Dempster and Saint Davison of Painter & Prepubescent are joint-receivers to the Peterhead-based companies.

The cave in of the companies was blasted on crescendo difficulties relating to the abstain from desired in favour of edifice services in Scotland.

Mr Dempster alleged: “The reject of the businesses was specified that we had no otherwise privilege however to mould these miserable career cuts. Any stave maintain back number keep hold of to support with securing and in convention assets. We are these days convergent on realising assets on behalf of the companies’ creditors.”

The closes were the deuce most important divisions of the Les President Congregation and exploited 192 cane mid them. It becomes a gathering afterwards the termination of alliance designer and manager Les Composer, who started the attendance in the 1970s.

Accounts in support of Les Composer Contractors disclose that it ended a pre-tax wounded of f5.7m in 2009 on a takings of f27.6m.

Cardinal 1 divisions of the Les Composer Number, Grampian Shop Contractors and Mintlaw Carry, are tranquil trading.

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