70 jobs at risk as administrators appointed at Leeds construction group
A Leeds construction group has entered administration.
The businesses under the DML banner include Drawn Metal, Limited and DML Architectural Systems Limited employ 70 people, whose jobs are now at risk.
Nick Reed and Bob Maxwell of Begbies Traynor in Leeds were appointed as joint administrators on January 20, 2017 after trading became unsustainable following major losses on a contract.
Drawn Metal provides bespoke facades and shopfronts from its manufacturing site in Bramley; and DML Architectural Systems specialises in external facades, curtain walling, windows, brise soleil, louvres and cladding.
Last year, the two companies had a combined turnover of £8.7m.
The companies have over 90 years’ manufacturing experience and specialise in facades and shopfronts.
Clients have included Calvin Klein, Ferrari and Lacoste. The group supplies several of the UK’s biggest contractors including Laing O’Rourke, Kier Construction and Balfour Beatty.
They have worked on a number of high profile projects such as Trinity Leeds and Scottish Parliament Building, Victoria Gate, Leeds as well as St James’s Gateway in London, the O2 Arena and Stratford Station.
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.”