{"id":7673,"date":"2026-06-01T17:52:22","date_gmt":"2026-06-01T17:52:22","guid":{"rendered":"https:\/\/stock999.top\/?p=7673"},"modified":"2026-06-01T17:52:22","modified_gmt":"2026-06-01T17:52:22","slug":"wallace-mcdowall-jobs-saved-as-business-sold-daily-business","status":"publish","type":"post","link":"https:\/\/stock999.top\/?p=7673","title":{"rendered":"Wallace McDowall jobs saved as business sold \u2013 Daily Business"},"content":{"rendered":"<p>            <\/p>\n<p>Rescued: jobs retained at Ayrshire firm<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Jobs have been saved at sheet metal manufacturer Wallace McDowall after the administrators sold the business and assets to a new company, believed to involve previous management.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Hilary Pascoe and Mike Dillon from Leonard Curtis were appointed joint administrators at the Ayrshire company on 22 May.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">At the time of appointment, the business employed 56 people, all of whom transferred to the purchaser on completion of the sale.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">In the last 12 months, the renamed company WMCD Realisations 2026, suffered a significant decline in the volume of orders from its two main customers, which represented 50% of its order book.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Ms Pascoe commented: \u201cThe introduction of tariffs imposed by the US in April 2025 has put already tight margins under further pressure, forcing many companies in the UK to re-evaluate their cost base.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cIn the lead up to the Administration credit insurance from various suppliers had also been withdrawn which placed further strain on the company\u2019s working capital and cashflow.\u201d<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">During the sale process the joint administrators engaged with key customers and stakeholders to obtain their support and ensure that commercially viable terms were in place for all parties to secure the longer-term viability of the business.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The joint administrators were supported by Bermans acting as solicitors, as well as Cerberus Receivables Management (CRM) and Cerberus Asset Management (CAM) as agents.<\/p>\n<p>           \t            #Wallace #McDowall #jobs #saved #business #sold #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rescued: jobs retained at Ayrshire firm Jobs have been saved at sheet metal manufacturer Wallace&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[272,306,310,13583,13404,8294,4598,13403,13402],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/7673"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7673"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/7673\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}