Following the collapse of the Glasgow-based landscaping and engineering firm, 249 employees have been transferred to idverde Limited which purchased parts of the business, including its winter maintenance division.
Joint administrator Andrew Davison, of Ernst and Young's restructuring team, said the market "has become increasingly competitive for the company" and impacted on its "profitability, particularly in relation to the company's construction business".
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"Various options have been explored by the directors to address these challenges," he said.
"Unfortunately none of these options were ultimately successful and the directors therefore took the decision to appoint administrators to help safeguard elements of the business. This has been achieved through the sale we have completed to idverde.
"While it has been possible to save more than 60% of the total jobs through this sale, it is with regret that redundancies had to be made in relation to the remainder of the company's business.
"We are doing all that we can to assist these members of staff to make their relevant claims and are providing them with access to impartial advice to help them face the future."
(LM)
