Ernst & Young expected to begin liquidation process soon
The directors of Scottish firm McKean & Company have placed the business into liquidation.
The civil engineering contractor released 40 staff this week following the decision to wind up the firm along with its sister company, CCTV specialists Hudson Vision.
Ernst & Young is expected to begin the liquidation process soon which will entail the replacement of contracts which McKean had been working on.
The overall McKean Group and subsidiary civils contractor Mayfield Construction, remain in business and are unaffected by the winding up plans.
McKean & Company was established in Glasgow at the end of the First World War in 1918 and is responsible for the construction of the UK’s first nuclear fuel washing facility and Pinkston Power Station.
In 2009 the company’s founding family sold the business to David Noar and Mark Fallon from Mayfield Construction for an estimated £1m.