Administrators consider options for two Leeds-based businesses that worked on London’s O2 Arena
Two Leeds-based construction companies have fallen into administration.
Administrators from Begbies Traynor have been appointed to 90 year-old specialist contractors Drawn Metal Limited and DML Architectural Systems Limited in Leeds.
The two firms worked on a number of high profile projects such as Trinity Leeds and Scottish Parliament Building, Victoria Gate in Leeds as well as St James’s Gateway in London, the O2 Arena (pictured) and Stratford Station.
Drawn Metal provides bespoke facades and shopfronts, while DML Architectural Systems specialises in external facades, unitised, curtain walling, windows, brise soleil, louvres and cladding.
They had a combined turnover of £8.7m last year. Drawn Metal currently employs 70 staff.
Drawn Metal Holdings Limited, an associated company, is not in administration.
Joint administrator Nick Reed said: “Having traded since 1924, DML has become known as a leading name in facades, particularly for the retail sector, but, unfortunately, losses on a significant out of town contract has resulted in the directors appointing administrators.
“We are in the process of assessing the situation in order to achieve the best possible outcome for creditors and the 70 strong workforce. The companies have an excellent reputation and we are seeking interest in the business and assets.”