[9] In June 1999, the company recorded a pre-tax profit in excess of £1 million, a 24 per cent increase over the previous year.
[13][14] In July 2002, following a sharp drop in profits that placed the firm in breach of a covenant to its lenders, Melville Dundas was compelled to renegotiate the terms of its bank borrowings.
[16][17] The auditing firm Ernst & Young was brought in to administrate the process; Carillion was amongst the several parties interested in acquiring assets that formerly comprised the company.
[20] In August 2003, a group of the company's creditors publicly called for an investigation into the collapse to be conducted by the Department of Trade and Industry.
[21] Legal ramifications pertaining to employer payments, in spite of the firm's collapse, were still ongoing in late 2007.