The Auchterarder primarily based company was once the most important contractor in Perthshire operating on jobs within the Central Belt between Glasgow and Edinburgh from Inverness & Brechin within the North, to Lesmahagow within the South.
Directors from Alvarez and Marsal at the moment are answerable for the industry and paintings has stopped on all websites.
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Joint administrator Ben Cairns mentioned: “Like different contractors, Hadden Development has been combating quite a few headwinds lately, together with inflated fabrics costs, emerging labour prices and provide chain interruptions.
“As directors, we will be able to search an orderly wind down of the operations and can welcome any investor pastime within the corporate’s property.”
Hadden Development was once based in 192 and mentioned its “expansion and luck has been completed thru a devoted and dependable personnel, prudent fiscal insurance policies, and a tradition and way attuned to our shopper’s wishes.”
The corporate web page states: “We paintings in partnership with a extremely revered provide chain, together with providers and subcontractors who percentage our partnering ethos and top requirements which guarantees the supply of services and products aimed to exceed our shoppers’ expectancies.”
Newest accounts for the company for the yr to March 31 2023 display a turnover of £30.2m producing a pre-tax benefit of £260,503.
In March this yr Hadden was once appointed by way of the Scottish Procurement Alliance to its £100m Refurbishment and Modernisation (RM3) Framework.
Hadden was once already appointed to SPA’s Public Constructions and Infrastructure (PB3) Framework and New Construct Housing Development (H2) Framework, in addition to a number of different public sector frameworks together with Scotland Excel’s New Construct Residential Framework, Wheatley Crew, Hyperlink Crew, Hub East Central, Hub South East and The Town of Edinburgh Council.
