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The National (Scotland)

National

Laura Pollock

Scottish space company collapse triggers liquidation of firm behind spaceport

Orbex Sutherland Spaceport Sutherland

Sutherland Spaceport Limited will be formally closed once liquidators are appointed (Image: NQ)

THE company behind the Sutherland Spaceport project is to be wound up as part of a proposed sale of assets linked to collapsed rocket firm Orbex.

The joint administrators of Orbex have said a deal involving spaceport-related assets is at an advanced stage – however – because the transaction is structured as an asset sale rather than a sale of the company itself, Sutherland Spaceport Limited (SSL) will be placed into liquidation.

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