The owners of Dunfermline’s crumbling Duracord site have gone into administration.
Linklever (Scotland) Ltd is one of three firms led by former Dunfermline Delivers chairman Bill Fletcher to run into financial difficulties.
Property developer Mr Fletcher has also seen his company Linklever Investments Ltd fall into administration and Linklever Ltd call in the receivers.
Together the crisis hit firms own swathes of Dunfermline town centre including the former Pilmuir Works, which was latterly the Duracord factory, as well as buildings in locations such as High Street, Bruce Street, Bridge Street and Abbot Street.
A spokesperson for Linklever Group said: “I can confirm that one of the group’s companies is in receivership, and two are in administration as part of an overall restructuring process.
“All other companies within the Linklever Group are unaffected. There have been no redundancies as part of this restructuring process.”
Mr Fletcher is listed alongside his wife Elaine as a company director.
Francis Newton and James Stephen from global accountancy firm BDO LLP have been appointed as receivers for Linklever Ltd.
They are also handling the accounts of Linklever Investments Ltd and Linklever (Scotland) Ltd, which both went into administration on August 10.
Mr Fletcher had ambitious plans for the dilapidated Duracord factory in Pilmuir Street, which is on the Buildings at Risk register.
He had hoped the old textiles factory could be transformed into a Fife College campus, and said the move would boost the town centre.
But these plans fell flat when it was announced a new campus would be built in Dunfermline’s eastern expansion.
Dunfermline and West Fife MP Douglas Chapman renewed his call for something to be done about the town’s derelict buildings.
He said: “We need early discussions with Fife Council to try to assess what the implications of this will be.
“I will be writing to the chief executive to seek a meeting to discuss the ramifications.
“I asked several months ago for the council to masterplan the whole area.
“Maybe this will force their hand to look at the whole area.”
Mr Fletcher previously owned the Alhambra Theatre but that has been owned by a separate company since 2013 and is not affected.
