Group News
Successful sale of Scottish sheet metal business
Hilary Pascoe and Mike Dillon from Leonard Curtis have secured a sale of the business and assets of sheet metal manufacturing business WMCD Realisations 2026 Limited (formerly Wallace, McDowall Ltd) after being appointed Joint Administrators on 22nd May 2026.
At the time of appointment, the Ayrshire-based business employed 56 people, all of whom transferred to the purchaser on completion of the sale.
In the last 12 months WMCD Realisations 2026 Limited suffered a significant decline in the volume of orders from its two main customers, which represented 50% of its order book.
Joint Administrator Hilary Pascoe commented: “The introduction of tariffs imposed by the US in April 2025 has put already tight margins under further pressure, forcing many companies in the UK to re-evaluate their cost base.
“In the lead up to the Administration credit insurance from various suppliers had also been withdrawn which placed further strain on the company’s working capital and cashflow,” she added.
During the sale process the Joint Administrators engaged with key customers and stakeholders to obtain their support and ensure that commercially viable terms were in place for all parties to secure the longer-term viability of the business.
The Joint Administrators were supported by Bermans acting as solicitors, as well as Cerberus Receivables Management (CRM) and Cerberus Asset Management (CAM) as agents.
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Leonard Curtis is a trading style of Reach Commercial Finance Limited, registered at Riverside House, Irwell Street, Manchester, M3 5EN. Company Register number is 09056450. Reach Commercial Finance Limited is authorised and regulated by the Financial Conduct Authority, FRN: 753686. Reach Commercial Finance Limited is an authorised credit broker and not a lender. We work with an unrestricted number of lenders to find a potentially suitable arrangement for your consideration. ICO registration ZA069234 and you can check via www.ico.org.uk. We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: fixed fee, fixed rate of commission, percentage of the amount you borrow and rate for risk (this is based on the risk profile of the business). Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey. Privacy notice.
Leonard Curtis Legal Limited is a limited company, registered in England and Wales with registered number 09820186. Registered office: Riverside House, Irwell Street, Manchester M3 5EN. Leonard Curtis Legal Limited is registered with the Solicitors Regulation Authority with number 626004.