{"id":14636,"date":"2023-03-25T20:40:37","date_gmt":"2023-03-26T03:40:37","guid":{"rendered":"https:\/\/essential.construction\/news\/retail-contractor-j-m-scully-files-administration-notice\/"},"modified":"2023-03-25T20:40:41","modified_gmt":"2023-03-26T03:40:41","slug":"retail-contractor-j-m-scully-files-administration-notice","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/retail-contractor-j-m-scully-files-administration-notice\/","title":{"rendered":"Retail contractor J M Scully files administration notice"},"content":{"rendered":"

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The firm has been in business since 1983 and specialises in the retail, commercial and leisure sectors.<\/p>\n

Latest results filed at Companies House for the year to March 31 2022 show a turnover of \u00a323m generating a pre-tax loss of \u00a32.3m.<\/p>\n

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The results were hit by a one-off project loss of \u00a31.3m which prompted a full internal investigation and a change in strategy to only work with existing clients.<\/p>\n

The work pipeline for 2023 at the time of the accounts stood at \u00a329m and the company employed 61 staff.<\/p>\n

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Data and credit checking specialist Red Flag Alert highlighted the firms\u2019 administration notice with its regular checks of high court construction insolvency applications.<\/p>\n

Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts.<\/p>\n

The Enquirer<\/em> has linked-up with Red Flag Alert to offer readers a discount on its services and help you avoid worthless invoices from insolvent companies.<\/p>\n

For more information and to benefit from the Enquirer<\/em> discount click here<\/a>.<\/p>\n<\/div>\n

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