A Dundee-based door manufacturer has gone into receivership with the loss of 62 jobs.
McTavish Ramsey and Company appointed administrators KPMG on Thursday.
A total of 62 of the firm's 86 staff were made redundant with immediate effect leaving 24 to continue working on existing orders.
The company said the problems were not because of a lack of work but were due to a technical breakdown and the unwillingness of suppliers to provide materials after they became wary of the firm following a previous credit arrangement.
Blair Nimmo, head of restructuring for KPMG in Scotland, commented: "Over the last two months McTavish Ramsey, with the support of its creditors under the CVA, has worked to restore viability, however, due unforeseen difficulties and the ongoing impact of the current economic slowdown, the business has experienced cashflow pressures, resulting in receivership."
The company's former MD and owner David Melville, who sold the business 2004, spoke of his concern for the workforce: "They were in tears when it was announced and I feel for them. I've lost money, too, because I still had a loan in it, but these people have not been paid a month’s salary."
Time and date
The Highland Council has announced that the West Link Stage One works will commence on Tuesday 03 May and is expected to be completed by 2017. The initial works on Stage One will commence on the A82 Glen Urquhart at its junction with Bught Drive and are expected to last for 6 weeks, with traffic ma
The Glasgow and West of Scotland Forum of Housing Associations (GWSF) has published a detailed guide to the housing pledges made by the five main political parties in their 2016 manifestos. The guide highlights each parties pledges relating to housing supplies, social housing, homelessness, housing
Investigations launched into allegations of corruption at a central heating company part-owned by North Lanarkshire Council. It is understood that an anonymous letter sent to council leader Jim Logue, made allegations about contracts secured by the company and the council's procurement process. Th
Scottish Hydro Electric Power Distribution (SHEPD) has announced a series of events across the Western Isles, aimed at working with local residents in developing plans to respond to extreme weather and other emergencies. SHEPD said that the events hope to put local knowledge, skills and facilities
Work is to begin on phase two of the £1.85 million Newmill flood protection scheme in Moray. Main contractor Balfour Beatty will develop a network of ditches and culverts in fields north of the village as part of the project. In addition, a cascade will be built at the west west end of the village
A major milestone has been reached on the construction of a new £11.5 million primary school in East Dunbartonshire. A topping out ceremony has been held to mark the completion of brickwork on the Lenzie Meadow Primary School project. The scheme is being delivered by Lendlease in partnership with
Scottish Water has revealed plans of a £5 million water mains improvement project in Dundee. Works in the Perth Road region includes pipe refurbishments, replacements, and re-lining the internal structure of the mains or cleaning them by swabbing and flushing. The project will be carried out by Ca
Residents in south central Edinburgh are being invited to 'have their say' on how hundreds of thousands of pounds should be spent in their area. The South Central Decides initiative allows community groups to apply for grants of up to £2,500 each from three pots of money totalling £221,000. A tota
CCG has started work on a new residential housing development in Falkirk. The firm will build 16 cottage flats and four semi-detached houses in the Tamfourhill area. The 'Carrick Place' development is being built for Weslo Housing Management. CCG will use its own methods of construction to make e
Energy firm Wood Group PSN (WGPSN) has secured a £342 million contract to deliver services for BP-operated projects in Azerbaijan. The Aberdeen-based company will provide engineering, procurement and construction management services (EPCM) to eight offshore facilities. In addition, the deal will c