A prominent Dundee businessman whose firm collapsed with the loss of dozens of jobs has been declared bankrupt after running up debts of more than £500,000.
Hermann Twickler, 47, was placed into full administration following an action by the Accountancy in Bankruptcy service.
Mr Twickler, a German national, ran companies including PressureFab an offshore container manufacturing company which went into administration last year with the loss of 42 jobs.
At its height, the company employed more than 100 people.
The collapse was blamed on the slump in the oil and gas industry.
It was reported earlier this month that administrators for the firm said they were unlikely to recover the majority of £427,000 it lent to PressureFab.
Now,…
Read the full article at: https://www.eveningtelegraph.co.uk/fp/dundee-businessman-declared-bankrupt-firm-collapses-500000-debts/
