UK-based Caithness Stone Industries has entered administration, with RSM Tenon's Iain Fraser reportedly saying that heavy investment had saddled the Spittal, northern Scotland-based quarrying business with unsustainable and acute cash flow problems. Turnover exceeded €3.52 million in 2012.
June 13, 2013
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UK-based 7386 Caithness Stone Industries has entered administration, with RSM Tenon's Iain Fraser reportedly saying that heavy investment had saddled the Spittal, northern Scotland-based quarrying business with unsustainable and acute cash flow problems. Turnover exceeded €3.52 million in 2012.