A SCOTTISH glass-making firm has gone bust after grappling with soaring costs and recruitment issues.
Blair Nimmo and Geoff Jacobs from Interpath Advisory have been appointed joint provisional liquidators of North Lands Creative Glass, with six employees made redundant from the business as a result.
The company was established in Lybster, Caithness, in 1995 to stimulate a growing interest in the possibilities of glass as an art form and provide cultural activities for the community.
Its vision was to be an international centre of excellence in glass making, dedicated to the study, appreciation and development of glass art.
It has operated at a loss for a number of years and despite the efforts of directors to rectify this, the company has continued to face more intense challenges with significant increases in costs along with operational problems including difficulties recruiting staff.
Income was also declining and the directors took the decision to cease trading at the end of July before appointing provisional liquidators.
Nimmo, chief executive of Interpath Advisory and joint administrator, said: “North Lands Creative Glass is a unique organisation with a well-founded reputation for developing glass and therefore it is extremely disappointing for the company’s many stakeholders, funders and employees that it could not continue to trade viably.”
Jacobs, managing director at Interpath Advisory and joint provisional liquidator, added: “Our focus will now be on supporting the employees affected and securing and realising the business and assets of the company.
“Clearly it would be great to see the business continue in some manner and therefore, if any party is interested in acquiring the business and/or its assets, they should contact the joint liquidators as soon as possible.”
