Retail contractor J M Scully files administration notice

The firm has been in business since 1983 and specialises in the retail, commercial and leisure sectors.

Latest results filed at Companies House for the year to March 31 2022 show a turnover of £23m generating a pre-tax loss of £2.3m.

The results were hit by a one-off project loss of £1.3m which prompted a full internal investigation and a change in strategy to only work with existing clients.

The work pipeline for 2023 at the time of the accounts stood at £29m and the company employed 61 staff.

Data and credit checking specialist Red Flag Alert highlighted the firms’ administration notice with its regular checks of high court construction insolvency applications.

Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts.

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

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