{"id":622882,"date":"2023-03-28T13:49:03","date_gmt":"2023-03-28T18:49:03","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/03\/28\/20m-turnover-retail-specialist-files-for-administration\/"},"modified":"2023-03-28T13:49:03","modified_gmt":"2023-03-28T18:49:03","slug":"20m-turnover-retail-specialist-files-for-administration","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/03\/28\/20m-turnover-retail-specialist-files-for-administration\/","title":{"rendered":"\u00a320m-turnover retail specialist files for administration"},"content":{"rendered":"<div id=\"wrapper_sleeve\">\n<p><img loading=\"lazy\" decoding=\"async\" width=\"620\" height=\"414\" src=\"https:\/\/cdn.ca.emap.com\/wp-content\/uploads\/sites\/8\/2023\/03\/argos-new.jpg\"   alt=\"argos-new.jpg\">        <\/p>\n<div>\n<p>Specialist fit-out contractor JM Scully has filed a notice of intention to appoint an administrator.<\/p>\n<p>The Dorset-based, second-generation family-owned contractor ceased trading last week following financial problems.<\/p>\n<p>Latest results filed at Companies House for the year to 31 March 2022 show a turnover of \u00a323m generating a pre-tax loss of \u00a32.3m.<\/p>\n<p>In an email sent company-wide, Shirley Scully, business adminstration director at JM Scully said: &#8220;As many of you are aware, rumors in the market have been circulating around financial health of the company.&#8221;<\/p>\n<p>The company blamed the loss due on a single project worth \u00a31.3m, adding that the project was \u201csubject to a full internal investigation and the board has made changes subsequent to the year end to ensure that this is not repeated\u201d.<\/p>\n<p>JM Scully was established in 1983 by Mike Scully with just a handful of employees and is now run by Mike\u2019s son, Michael Scully.<\/p>\n<p>The firm specialised in the retail, commercial and leisure sectors.<\/p>\n<p>The company had a pipeline of\u00a0 \u00a329m as of March 2022, as well as 61 staff.<\/p>\n<p>Previous clients of the company include Boots, Co-Op, Forever 21, Argos (pictured), Vodafone and Gymbox.<\/p>\n<p>Writing to employees, Shirley Scully wrote: &#8220;We are devasted by the outcome.&#8221;<\/p>\n<\/p><\/div>\n<h3>Related articles<\/h3>\n<\/p><\/div>\n<p><a href=\"https:\/\/www.constructionnews.co.uk\/financial\/administrations\/20m-turnover-retail-specialist-files-for-administration-27-03-2023\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Catrin Picton<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Specialist fit-out contractor JM Scully has filed a notice of intention to appoint an administrator. The Dorset-based, second-generation family-owned contractor ceased trading last week following financial problems. Latest results filed at Companies House for the year to 31 March 2022 show a turnover of \u00a323m generating a pre-tax loss of \u00a32.3m. In an email sent<\/p>\n","protected":false},"author":1,"featured_media":622883,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[100753,23498],"tags":[],"class_list":{"0":"post-622882","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-m-turnover","8":"category-retail"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/622882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=622882"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/622882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/622883"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=622882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=622882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=622882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}