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The National (Scotland)

National

[email protected] | Alasdair Ferguson

Scottish textile company in administration after 50 years owing £1.5 million

Ayrshire HSBC United Kingdom

Renowned Scottish manufacturer collapses into administration (Image: Getty Images)

AN AYRSHIRE-BASED textile company fell into administration after supplying some of the UK’s biggest department stores for over 50 years, after it racked up more than £1.5 million in debt.

All jobs were lost after Lanfine Limited, trading as The Honesty Works, was placed into administration in July, with new financial documents outlining the lead-up to its collapse, as first reported by The Herald.

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