Housebuilder John Dickie forced into receivership
May 12 2010
The move was criticised by a John Dickie spokesperson who pointed out that the company possessed only modest debt of £13m having successfully reduced overall debt by close to a third in the past year.
Dickie had remained active on three sites at Shawlands, Elderslie and Patterton but all staff were yesterday withdrawn from site.
Administrators are expected to be appointed today.
Dickie is the latest property developer to fall victim to the banks purge of heavily indebted property lending following the demise of competitors Kenmore and kilmartin.
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