ScoMac Catering Equipment has moved to reassure suppliers that there will be no financial fall-out from a £1.7m project it is close to completing at Glasgow Rangers after the Ibrox club filed for administration yesterday.
Livingstone-based ScoMac is due to finish the high-profile project to refurbish 42 stadium fast food kiosks later this week, but with the football club’s financial troubles coming to light in the last few days it is keen to avoid the market making any wrong assumptions.
Iain Munro, joint managing director at ScoMac, told Catering Insight that the company has already received full payment for the project and therefore suppliers and sub-contractors would be remunerated irrespective of administration procedures.
“All the suppliers’ payments are fully up to date and all outstanding invoices to our suppliers for the most recent supplies will be paid in full as soon as those invoices become due in the next few weeks,” explained Munro.
Core suppliers on the project include Chefline Solutions and Marco, which supplied Moduline regeneration units and water boilers respectively, as well as Counterline, which provided heated display units and Airco, which serves as ScoMac’s specialist H&V and all trades contractor.
All remaining supplies on the project involved in-house manufactured items comprising general sinks, benches and servery counters.
Munro said: “ScoMac has been working on the project since May 2011 and we have been receiving payments at various stages as the project has progressed. In November we received the final payment for work completed in 2011. For the last phase of work — approximately 20% of the total package — the payment was received earlier this month.”
The project at the Scottish football giant’s Ibrox stadium is one of the most innovative that ScoMac has been involved in as it required the company to introduce a completely new approach to the regeneration of the food products and the servicing of the food to the kiosks on the concourses.
Munro confirmed ScoMac is on track to complete the last phase of the project this week regardless of the administration situation. He said ScoMac would only be affected should other contractors on site not be in a position to complete their supplies.