Douglas Wallace Architects goes into administration
Douglas Wallace Architects, a UK-based firm specialising in the hotel and spa, retail and leisure sectors, has gone into administration
The UK subsidiary of Ireland-based Douglas Wallace Architects and Designers, known as DWDL, has gone into receivership, but moves are afoot to try and rescue the ailing business. DWDL has operations and clients within the UK, Greece, Romania and Malta, and employs 13 people in its London office.
Neil Mather and David Hudson of Begbies Traynor have been appointed joint administrators to DWDL.
Douglas Wallace Architects and Designers is currently subject to an examinership process in the Irish court, which it is hoped will see a restructuring or sale of the groups businesses, enabling DWDL to continue operating.
The firm has studios in Dublin, Belfast, London and Prague.
Mather said: ‘This business has a great reputation and client base. However, in common with many property-related businesses, it has seen a significant downturn in demand over the last year. We are continuing to service clients, and hope to be able to save as many jobs as possible in the UK by selling the core business to enable to it grow in future. We have had interest from prospective purchasers and will be working with its parent company in Ireland. Any other interested parties should contact us as soon as possible.’