Two historic Leeds construction businesses have been placed into administration following losses on an out-of-town contract.
Drawn Metal Ltd and DML Architectural Systems Ltd have more than 90 years’ manufacturing experience and have become one of the market-leading suppliers of facades and shopfronts.
Nick Reed and Bob Maxwell of Begbies Traynor in Leeds were appointed as joint administrators.
Drawn Metal provides bespoke facades and shopfronts, while DML Architectural Systems specialises in external facades, unitised, curtain walling, windows, brise soleil, louvres and cladding.
Last year, the two companies had a combined turnover of £8.7m.
Drawn Metal employs 70 staff at its manufacturing facilities in Swinnow Lane, Bramley.
Clients include Calvin Klein, Ferrari and Lacoste and the group supplies several of the UK’s largest main 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.”
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.”
