A DUNFERMLINE building company has gone out of business weeks after finishing a housing development on Tayside.

WMS Projects had not long completed 15 affordable flats in Broughty Ferry and said that “market conditions” were to blame for their demise.

The site was formally opened in January, the same month that seven employees of WMS, based at Dunfermline Business Centre in Izatt Avenue, lost their jobs.

The final tenants moved in to the complex on 12th March and just five days later the company went into provisional liquidation.

Richard Gardiner, of Thomson Cooper accountants, was appointed provisional liquidator and the firm told the Press, “It is anticipated that he (Richard) will be appointed interim liquidator in early course.

“When this appointment is made he has six weeks to hold a meeting of creditors.

“The company terminated the employment of seven employees in January 2015, prior to liquidation. There were no redundancies at the time of liquidation and all employees were paid their statutory entitlements.

“Regarding the Broughty Ferry contract this was completed in December 2014. Prior to receiving practical completion, it was highlighted that the construction of the road had been laid to a specification that was not acceptable.

“The company honoured their commitment to return to site and rectify this work.

“Thereafter a similar concern was expressed regarding the construction of the footpath which was also rectified.

“In brief, the company believe that the market conditions since July 2014 have attributed to its demise. The liquidator, when appointed, will investigate the reasons for insolvency and the circumstances surrounding the contract referred to above.” Those with claims against WMS are asked to get in touch with Mr Gardiner at Thomson Cooper.