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
Approval has been granted to build the £2.6 billion Beatrice Offshore Windfarm Ltd (BOWL) in the Outer Moray Firth. Construction is due to begin after the project reached Financial Close. The 588MW, 84-turbine scheme is jointly owned by SSE (40%), Copenhagen Infrastructure Partners (CIP) (35%) and
North East Scotland College (NESCol) has revealed proposals for a £64 million campus redevelopment programme. Features include the £40m refurbishment of its Aberdeen City Campus and a new build at Aberdeen Alterns Campus. Fraserburgh and Peterhead will benefit from smaller projects, with £8.5m bei
Three schools in Edinburgh which were shut due to structural concerns are set to reopen this week, it has been announced. Oxgangs Primary, St Peter’s Primary and Braidburn Schools will reopen to pupils and staff on Tuesday, 24 May. The schools had been closed along with 17 others in April after st
A flat block demolition project has been completed in Glasgow. The 25-storey multi-storey at Rosemount Street in Roystonhill was levelled to make way for new housing in the area. The Glasgow Housing Association (GHA) is currently building 100 new homes in the region, with 55 homes already complete
The first phase of a £20 million redevelopment project is underway at Aberdeen International Airport. The project involves extending the airport's existing terminal, installing new equipment/facilities and building new domestic and international baggage reclaim areas. Over the course of three year
A bridge in the Scottish Borders is set to close for inspection works next month. The B-listed Lowood Bridge will be shut between 9:30am and 4pm on Thursday, 02 June and Friday, 03 June. The closure will allow structural engineers to use a large mobile platform and carry out a detailed assessment
The new Scottish Government must "fully understand" various business models of home building, according to trade body Homes for Scotland (HfS). Chief Executive Nicola Barclay set out the organisations objectives for the new government at its Annual Lunch in Edinburgh on 20 May. Ms Barclay stressed
Wates Developments has formed a housebuilding joint venture (JV) with Scottish developer Miller Homes. The partnership adds to two further JV's previously formed between the two companies in Didcot, Oxfordshire and Southwater, West Sussex. The move will help increase business opportunities for bot
Cruden Homes has won an accolade at Homes for Scotland's (HfS) annual awards ceremony. The developer scooped the Home Builder of the Year award during the event at the Edinburgh International Conference Centre on 20 May. Judges said they were impressed by the company's "strong focus on customer ca
Scotland TranServ and design firm AECOM have held a construction informational event for primary school pupils in Renfewshire. The two companies were invited by teachers from Arkleston Primary School to talk about the £2.5 million Hillington Footbridge scheme. During the event, pupils learnt about