NRS UK: Livingston - 45 workers made redundant as construction firm goes into administration
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NRS UK, who have worked on a range of projects across Scotland, have ceased trading with immediate effect and appointed administrators.
West Lothian council has pledged to support 45 members of staff have been made redundant. Two have been retained on a short-term basis to assist with the administration
process.
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Hide AdAdministrators FRP Advisory said "spiralling" supply chain costs had been amplified by severe losses stemming from fixed price contracts.
The provider of construction, civil engineering and power solutions for a number of private and public sector clients had a turnover of £33m.
Their most recent Scottish project included the St Andrews Cross substation in Glasgow, Seagreen Offshore wind farm off the Angus coast, Hunterston substation, Sauchiehall
Street civil engineering works and electricity substations in Wishaw and Glenlee.
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Hide AdBut the firm, which was founded in 2010, faced a range of financial difficulties and severe losses which resulted in an unsustainable cash flow.
Michelle Elliot and Stuart Robb, partners with FRP Advisory, have been appointed joint administrators of the firm.
A West Lothian council spokesperson said: “Our sympathies are with the employees during this uncertain period.
"We will be actively working to support affected employees through the local Partnership Action for Continuing Employment (PACE). If you ever find yourself in such a situation
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Hide Adplease do not hesitate to contact the Council’s Access2Employment service on 0800 032 9768 for further support and guidance.”
Michelle Elliot said: “NRS UK is an established and highly regarded civil engineering and energy construction specialist with an impressive portfolio of projects across Scotland and
England.
“The business has been exposed to the well-documented problems of surging costs affecting supply chains and from fixed price contracts that resulted in involuntary losses.
“Despite the best efforts of the sole director, the business faced a range of cash flow challenges in recent weeks due to these issues and could not continue trading.
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Hide Ad“We will now market the business and assets of the business for sale and would encourage any interested parties to make contact as soon as possible.
“We will also ensure the employees receive every assistance to register any claims that they may have with the Redundancy Payments Office (RPO) and with accessing support
services from PACE and other government bodies.”
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