It succumbed to the effects of labour shortages, rising costs and project delays.
Blair Nimmo and Alistair McAlinden from Interpath Advisory were appointed joint administrators of Adastra Access Limited on June 20 after it succumbed to the effects of labour shortages, rising costs and project delays.
The company historically enjoyed a strong order book. However, the administrators noted that over recent years the business has faced significant operational,and safety, and financial challenges, which resulted in trading losses and significant cash flow pressure. Mr Nimmo, chief executive of Interpath Advisory and joint administrator, said: “The collapse of Adastra Access Limited is another indicator of the challenges and economic headwinds currently facing the Scottish and UK construction sector and in particular, subcontractors.
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