Kilmarnock-based company Alastair Dick Tarmac has gone into liquidators after facing financial difficulties and not filing accounts since 2023. The firm is in the process of liquidation following a successful petition to place the firm into administration, which was presented to Kilmarnock Sheriff Court last month, says Ayrshire Today.
Sheriff Bissett appointed Kevin Mapstone from BTG Begbies Traynor as liquidator for the company that was founded in 2013. Alastair Dick Tarmac provided surfacing services for roads and pedestrian areas, but fell into administration after it suffered “cash flow issues” and was unable to continue to trade and pay its creditors.
Thomas McKay, BTG managing partner for Scotland and Northern Ireland, said:
“The business suffered from cash flow issues and was unable to continue to trade and sustain payments to creditors.
“It remains a difficult time for SME businesses across Scotland. Seeking advice as early as possible can help provide options and some peace of mind to directors in difficult trading circumstances.”
According to Alastair Dick Tarmac Ltd’s last filings on Companies House, the total equity of the firm, the net worth of a company, was £1.4m in 2023, and was down from £1.7m in 2022.
The firm also owed £1.2m in debts to creditors in 2023, up from £1m in 2022.
(Picture: Alastair Dick Tarmac)
