{"id":4703,"date":"2026-05-29T15:14:31","date_gmt":"2026-05-29T15:14:31","guid":{"rendered":"https:\/\/www.fintechpulse8.com\/?p=4703"},"modified":"2026-05-29T15:14:31","modified_gmt":"2026-05-29T15:14:31","slug":"jobs-at-risk-as-wallace-mcdowall-in-administration-daily-business","status":"publish","type":"post","link":"https:\/\/www.fintechpulse8.com\/?p=4703","title":{"rendered":"Jobs at risk as Wallace McDowall in administration \u2013 Daily Business"},"content":{"rendered":"<p><\/p>\n<div>\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/05\/Wallace-Mcdowall.png\" alt=\"\" class=\"wp-image-195821 lazyload\" style=\"width:840px;height:auto\"\/><img fetchpriority=\"high\" decoding=\"async\" width=\"794\" height=\"481\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/05\/Wallace-Mcdowall.png\" alt=\"\" class=\"wp-image-195821 lazyload\" style=\"width:840px;height:auto\" srcset=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/05\/Wallace-Mcdowall.png 794w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/05\/Wallace-Mcdowall-300x182.png 300w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/05\/Wallace-Mcdowall-768x465.png 768w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/05\/Wallace-Mcdowall-600x363.png 600w\" sizes=\"(max-width: 794px) 100vw, 794px\"\/><figcaption class=\"wp-element-caption\"><em>Wallace McDowall is seeking a buyer<\/em><\/figcaption><\/figure>\n<p class=\"has-medium-font-size wp-block-paragraph\">Scottish engineering company Wallace McDowall, employing about 200 workers, has collapsed into administration after 57 years in business.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The company, based at the Spaceport at Prestwick International Airport, has appointed Leonard Curtis as administrators.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Speculation surrounding the firm\u2019s financial position has been circulating since April when an internal memo warned of possible insolvency proceedings.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Prior to entering administration, it changed its name to WMCD Realisations 2026. The administrators will be looking at restructuring or a potential sale of the business.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">In 2019 Wallace McDowall was acquired by the HLD Group as part of efforts to expand the group\u2019s wider business portfolio.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Companies House records state that a statement will be issued by the administrator in the coming days.<\/p>\n<p class=\"wp-block-paragraph\">\u2026 more follows<\/p>\n<p><!-- Simple Share Buttons Adder (8.5.5) simplesharebuttons.com -->           \t            <\/div>\n<p><script>\n!function(f,b,e,v,n,t,s)\n{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};\nif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\nn.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t,s)}(window,document,'script',\n'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n fbq('init', '1192059580980274'); \nfbq('track', 'PageView');\n<\/script>#Jobs #risk #Wallace #McDowall #administration #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wallace McDowall is seeking a buyer Scottish engineering company Wallace McDowall, employing about 200 workers, has collapsed into administration after 57 years in business. The company, based at the Spaceport&hellip; <\/p>\n","protected":false},"author":1,"featured_media":4704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[245],"tags":[1161,283,282,430,7134,1494,7133,7132],"class_list":["post-4703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-main-stories","tag-administration","tag-business","tag-daily","tag-jobs","tag-mcdowall","tag-risk","tag-wallace","tag-wallace-mcdowall"],"_links":{"self":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/4703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4703"}],"version-history":[{"count":0,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/4703\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/media\/4704"}],"wp:attachment":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}