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City Gate Construction acquires Dimension Shopfitting

City Gate Construction acquires Dimension Shopfitting

Blair Nimmo, Joint Administrator and UK Head of Restructuring at KPMG, comments on City Gate Construction acquires Dimension Shopfitting.

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Blair Nimmo

Global Head of Insolvency and Head of Restructuring - KPMG in the UK

KPMG in the UK

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Curot Contracts Limited, trading as Dimension Shopfitting, which provides expert construction and specialist interior fit out services, has been sold to Barrochan Limited and has now become part of the City Gate Construction group.
Blair Nimmo and Alistair McAlinden of KPMG LLP were appointed Joint Administrators of Curot Contracts Limited on 18 July 2019.

Immediately upon their appointment, they concluded a sale of the business and its assets to Barrochan Limited, protecting jobs and securing the continuation of trade in the process.

Established in 1984, Dimension generated peak annual turnover in the region of £20 million, but challenging conditions in the retail, dining and wider hospitality and leisure sectors, reduced the amount of work available to the business, from its traditional customer base.

Cashflow pressures led the Director to place the Company into Administration. Despite this, the future order-book remains strong and its brand continues to be highly regarded.

Blair Nimmo, Joint Administrator and UK Head of Restructuring at KPMG, said:

“We are delighted to have been able to successfully conclude a sale which protects skilled jobs in the construction sector and preserves a market leading brand. The strength of the brand and its future order-book will give the new owners a fantastic footing from which to develop the business further. I wish them every success for the future.”

Barrochan Limited will become part of the CGC group, a privately-owned construction, refurbishment and maintenance main contractor.

Leo Reilly, Chief Executive of CGC, commented:

"We are delighted to have successfully concluded the purchase of Dimension Shopfitting. The addition of this business to our Group undoubtedly enhances the portfolio of services which CGC offers.”

For media queries, please contact:

Brian O’Neill, Corporate Communications Manager
T: 07823 668 689
E: Brian.O’Neill@kpmg.co.uk

About KPMG in the UK

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 16,300 partners and staff. The UK firm recorded a revenue of £2.338 billion in the year ended 30 September 2018. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and has 200,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

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