A UK construction company has collapsed into administration after more than a decade in business. Kilmarnock-based Alastair Dick Tarmac Ltd, which specialises in surfacing roads and pedestrian areas, has entered insolvency proceedings after suffering serious cash flow problems.
A petition to place the Scottish road building firm into administration was presented at Kilmarnock Sheriff Court last month. Sheriff Bissett appointed Kevin Mapstone, of restructuring specialists BTG Begbies Traynor, as liquidator to the Ayr Road-based business. The firm, founded in 2013, was unable to continue trading after financial pressures meant it could no longer meet payments to creditors. Thomas McKay, BTG managing partner for Scotland and Northern…