KIRKCALDY-based James Penman (Plant Hire) Limited has entered liquidation, resulting in 35 employees being made redundant.
Callum Carmichael and Michelle Elliot of FRP Advisory have been appointed as joint provisional liquidators of the company, which specialised in groundworks construction services and plant hire.
Due to ongoing financial challenges, which are said to have exacerbated in recent months, the company was no longer financially viable. The joint liquidators are now working with the firm to facilitate an orderly wind down of the business and realise any remaining assets.
Callum Carmichael, partner at FRP and joint liquidator of James Penman (Plant Hire) Limited, said, “James Penman struggled to maintain its financial obligations which stemmed from the pandemic and regrettably, has entered liquidation. Our job now is to focus on supporting all staff that have been impacted with their applications to the Redundancy Payments Service as we wind down the remaining business.”
Enquiries in relation to the company’s property and assets should be made to 0330 055 5455.
