{"id":15561,"date":"2023-04-18T09:49:50","date_gmt":"2023-04-18T16:49:50","guid":{"rendered":"https:\/\/essential.construction\/news\/scottish-contractor-stewart-and-shields-goes-under\/"},"modified":"2023-04-18T09:49:57","modified_gmt":"2023-04-18T16:49:57","slug":"scottish-contractor-stewart-and-shields-goes-under","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/scottish-contractor-stewart-and-shields-goes-under\/","title":{"rendered":"Scottish contractor Stewart and Shields goes under"},"content":{"rendered":"<p> <a href=\"https:\/\/essential.construction\/files\/membership-default-internal\/\" class=\"memberhide\"><img decoding=\"async\" src=\"https:\/\/essential.construction\/news\/wp-content\/uploads\/sites\/15\/2023\/01\/20220718_175041000_iOS.jpg\" alt=\"-\"><\/a><br\/><br \/>\n<\/p>\n<div>\n<p>The family firm has been trading for more than 60 years from its head office in <span lang=\"IT\">Helensburgh on the west coast of Scotland.<\/span><\/p>\n<p><span lang=\"IT\">The company provides building services across the country including, social housing, local authority work, commercial construction and private and residential contracts. <\/span><\/p>\n<p>But a cashflow crisis combined with <span lang=\"IT\">contract delays and the rising cost of raw materials and skills shortages have sunk the business.<\/span><\/p>\n<p class=\"m_6156479114952254400xxbodya\"><span lang=\"IT\">Stewart and Shields has now ceased to trade and the company\u2019s 15 employees have been made redundant. <\/span><\/p>\n<p class=\"m_6156479114952254400xxbodya\"><span lang=\"IT\">Blair Nimmo, chief executive of Interpath Advisory and joint provisional liquidator, said: \u201cThe collapse of Stewart and Shields Limited is another indicator of the challenges and economic headwinds currently facing the Scottish construction sector.<br \/><\/span><\/p>\n<p class=\"m_6156479114952254400xxbodya\"><span lang=\"IT\">\u201cThe Directors fought hard to save this long-standing family-run business, but the construction industry has experienced several challenges over recent years, with rising raw material costs, supply chain disruption and labour challenges putting businesses under increased pressure.\u201d<\/span><\/p>\n<p class=\"m_6156479114952254400xxbodya\"><span lang=\"IT\">Alistair McAlinden, head of Interpath Advisory in Scotland and joint provisional liquidator, added: \u201cOur priority is to assist those members of staff who have been made redundant, providing them with the information and support they need to claim their statutory entitlements from the Redundancy Payments Office, as well as to support the owners, for whom this is also a very difficult time.\u201d<\/span><\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5143531171910809\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- News - Bottom -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-5143531171910809\"\r\n     data-ad-slot=\"8320848692\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/www.constructionenquirer.com\/2023\/04\/18\/scottish-contractor-stewart-and-shields-goes-under\/\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The family firm has been trading for more than 60 years from its head office in Helensburgh on the west &#8230; <a title=\"Scottish contractor Stewart and Shields goes under\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/scottish-contractor-stewart-and-shields-goes-under\/\" aria-label=\"Read more about Scottish contractor Stewart and Shields goes under\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[],"class_list":["post-15561","post","type-post","status-publish","format-standard","hentry","category-construction-enquirer","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/15561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=15561"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/15561\/revisions"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=15561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=15561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=15561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}