Caithness Stone Industries enters administration

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 Read time: 1 min

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.

For more information on companies in this article

Related Content

August 5, 2014

Aggregate Industries enters strategic partnership worth over £2mn with Siemens

Aggregate Industries and Siemens today announced a landmark strategic partnership that will see over £2m invested in cutting edge technologies to serve the growing construction sector. The deal will see Aggregate Industries join with Siemens in a strategic partnership which will provide industrial equipment and support, with the objective of helping the business improve productivity, energy consumption and reduce both firms environmental impact.

boombox1

Highlighted Content

boombox2