Aberdeen-based Belmar Engineering let go of 48 workers on Tuesday as it entered liquidation.
Insolvency expert Michael Reid, who is also Aberdeen-based and works for MHA, has been appointed liquidator.
A letter has been sent to all known creditors. There were around 80 in total, made up of trade suppliers, utility providers, finance companies and HMRC.
Reid said: “Prior to liquidation, the board tried to sell the business, in whole or in part, but were unsuccessful.
“They sought to review operating processes and pricing structures, however, without a base level of work, the factory was not viable.”
© Supplied by Google MapsThe liquidator added that the…
