The assets of Gladedale Timber Systems, part of one of the UK’s leading residential and commercial developers, will be auctioned following its recent closure.
Significant amounts of machinery at the East Kilbride factory, co-founded by former Glasgow Rangers FC chairman David Holmes, will be auctioned off tomorrow. The machinery includes a Weinmann fully-automatic timber frame wall production line and a Weinmann semi-automatic line.
“The decision to cease operations at Gladedale Timber Systems was regrettable and was in response to changing market conditions,” a Gladedale spokesperson told TTJ.
“Gladedale Timber Systems’ ambition to diversify into non-house building projects such as schools and hotels has also been affected by the downturn which limited the company’s growth ambitions and led to a decline in the financial performance and outlook of the business.”
Gladedale originally consulted the 35 factory employees on a closure plan last November.
After having been unable to identify viable alternatives to closure, all factory operations ceased at the end of March.
Gladedale acquired the factory in 2005 when it was called European Timber Systems, marketing the Innova concept of advanced timber frames with the capability of manufacturing closed panels.
The factory had a capacity of 1,500-1,700 units a year, supplying homes within the Gladedale Group, which includes Manor Kingdom, Bett Homes, Ben Bailey Homes and Country & Metropolitan Homes.
