Bonnyrigg-based sustainable modular accommodation designer and manufacturer Armadilla has filed for administration.
Founded in 2010, the company sold mostly to clients across the education and high-end leisure and wellness sectors.
According to an administrators statement, it had built a strong order book, with significant projects in the pipeline in Scotland, the Algarve, the US and Dubai.
Despite this, in recent times the company experienced significant cashflow challenges as a result of order deferrals in the wake of the pandemic, the rising cost of raw materials and the cost and time burden of exporting to the EU.
Despite the "exhaustive efforts" of the management team, with cashflow pressures intensifying, the directors had no option but to appoint administrators.
The business has now ceased to trade and, as such, its 29 employees have been made redundant.
Blair Nimmo, chief executive of Interpath Advisory and joint administrator, said: “Armadilla had forged a reputation for its distinctive, environmentally sustainable and high-quality range of luxury accommodation pods, winning the 2020 Queen’s Award for Enterprise in the Innovation category.
“Unfortunately however, the disruption encountered by the business during the pandemic, coupled with soaring costs, meant that the business was no longer viable in its current form.”
Alistair McAlinden, head of Interpath Advisory Scotland and the other joint administrator, added: “We are now looking to find a buyer for the business and its assets, including its intellectual property (structural designs, architectural drawings and CAD tooling), the current work-in-progress and the customer order book.
“Given Amardilla’s pedigree, we very much hope to be able to secure a future for the business, and so would ask any interested parties to make contact with us at the earliest opportunity.”
Founded by managing director Archie Hunter and his son and head of design Ross, the company outgrew its original premises in 2018 and moved to its current 25,000 sq ft premises near Edinburgh.
Don't miss the latest headlines with our twice-daily newsletter - sign up here for free.
