Michelle Elliot and Callum Carmichael of FRP Advisory were appointed as joint liquidators to Coille Haulage Ltd, based in Argyll, on August 14.
The liquidators said of Coille: “In recent years, it encountered a number of significant challenges, including the legacy impact of the Covid-19 pandemic, tightening margins on contracts and escalating operating costs.
“The company’s directors had explored options for additional third-party funding, but with no viable solution available, and with critical liabilities falling due, the decision was taken to appoint liquidators.”
The business employed 24 people.
The liquidators said: “As a result of the appointment, all 24 employees have regrettably been made…