Buyer found for Highlands construction firm in administration
The firm made 40 employees redundant at the start of December when it entered administration.
A construction firm in the Highlands that went into administration earlier this month has found a buyer.
Carbon Dynamic, which specialises in designing and manufacturing timber modular buildings, had been experiencing cashflow problems.
There were 40 jobs lost at the company at the start of December, with only two members of staff retained.
Administrator, KPMG LLP, has now announced that the business and assets of CLDB Limited will be sold to a new company, named Carbon Dynamic (Scotland) Ltd.
The company has been set up by Alness-based construction firm Pat Munro to facilitate the purchase.
The sale has achieved a good outcome for many stakeholders and we hope it will benefit the local area Blair Nimmo, KPMG
Blair Nimmo, joint administrator, KPMG, said: “It is extremely pleasing to secure the sale of Carbon Dynamic in such a short timeframe, and to buyers who can see the potential in the business and its skilled workforce.
“The sale has achieved a good outcome for many stakeholders and we hope it will benefit the local area.
“We would like to thank the retained employees, customers, and all parties with an interest in Carbon Dynamic, including various government agencies, for their patience and support during this period.
“We would also like to wish Pat Munro and Carbon Dynamic (Scotland) Limited every success for the future.
“As new owners, they have an ambitious vision to build on Carbon Dynamic’s reputation for cutting edge design and manufacture of eco-friendly modular buildings, re-employing a number of Carbon Dynamic’s former staff and contributing to the diversity of the economy in the Scottish Highlands.”
Brian Munro, Pat Munro managing director, said: “Pat Munro management and staff have long been aware of the innovative and high-quality products that CLDB offered to the modular building sector.
“We collaborated in previous successful projects and were very saddened to learn of the financial situation which threatened the future of 42 important local jobs.
“As such, we are delighted to add Carbon Dynamic (Scotland) Ltd to the Pat Munro Group and we are committed to continuing, and enhancing, their superb progress to date.