Perth and Kinross construction company calls in administrators
Around 70 staff members are facing unemployment
Almost 70 workers are facing unemployment after a construction firm based in Perth and Kinross appointed administrators.
Hadden Construction covered projects from residential developments to commercial and public sector buildings, such as schools and healthcare facilities.
Headquartered near Auchterarder, activities at the company's sites will cease, pending a review of works in progress.
This will affect projects at various stages, with around 66 employees being made redundant.
Ben Cairns, Managing Director at Alvarez & Marsal, said: “Like other contractors, Hadden Construction has been battling a number of headwinds in recent years, including inflated materials prices, rising labour costs and supply chain interruptions.
“As administrators, we will seek an orderly wind down of the operations and will welcome any investor interest in the company’s assets.”
“We understand that today’s news is unsettling for the company’s employees and will be doing all we can to support them over the weeks ahead.”