Scottish company Land Engineering, which included a stone business set up in 2009 by senior members of the Watson Stonecraft team after Watson called in the Receivers in 2008, went into Administration on 30 May with the loss of 135 jobs.

Graeme Haddon, the immediate past President of Stone Federation Great Britain, who had been the Managing Director of Watson Stonecraft and was involved in the creation of Land Engineering's stone business, left the company at the turn of this year to join construction company and developer Ashwood Scotland in Bathgate, West Lothian.

Colin Dempster and Andrew Davison of EY have been appointed by Land Engineering directors as Joint Administrators. Call 0345 504 0001 for further information.

The landscaping and civil engineering parts of the business and its 249 employees have transferred to rival Idverde in a deal struck by the Administrators shortly after their appointment.

Idverde has bought the services, responsive and winter divisions and the company’s interest in contracts at Grangemouth, Craighouse and Quartermile.

Land Engineering is based in Glasgow and has site offices in other parts of Scotland.

Andrew Davison, Joint Administrator, says the market had become increasingly competitive for the company, which had impacted on its profitability, particularly in relation to its construction business.

Latest filed accounts for the year to the end of August 2015 show a pre-tax loss of £192,000 on turnover down £2.9million on 2014 at £39.9million. The strategic report in the accounts, signed by Director Stuart Dillett, while remaining optimistic for the year ahead, said: "Each of our core market sectors have continued to be affected by the wider economic downturn experienced, in the funding available for development and regeneration across both private and public organisation[s] and the revenue available for ongoing maintenance services within publicly funded customer groups.

"In addition to a reduction in opportunities, each of these sectors continues to be inundated with a diverse range of competitors resulting in a market place which is highly price driven. During the year the company suffered losses across a small number of contracts which impacted significantly on our profitability. In addition, a number of our profitable frameworks were affected by delays in capital spend suppressing both our revenue and profit performance."