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Jobs lost as housebuilder Roy Homes enters administration

Scottish specialist timber housebuilder Roy Homes and its sister company have entered administration with all 17 employees losing their jobs.

FRP Advisory partners Iain Fraser and Tom MacLennan were appointed joint administrators of the firm and Roy Homes Timber Frame.

The combined turnover for the two companies was £3.2m for the year ending October 2016.

FRP Advisory said the administrations were caused by serious cashflow problems.

Both companies have ceased trading and all staff have been made redundant with immediate effect.

FRP Advisory is offering the assets and goodwill of the firms for sale, including some live projects.

The administrator is calling for interested parties, particularly across the housebuilding sector, to register interest.

Founded in 1979, Roy Homes supplied design-and-build services for self-build timber homes.

Roy Timber Frame, launched in 2011, supplied timber kits to the firm.

Earlier this month, administrators were appointed at long-standing Hull-based contractor Hall Construction Group.

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