The firm’s management said they have taken the difficult decision having recently experienced a downturn in trading.

The company, which operates from premises in Yoker, was incorporated in June 1981 and operates as a multi-disciplined engineering firm supplying metal fabrications and electrical installation services to industrial and commercial enterprises.

Due to significant supplier pressure and high fixed operating costs, the company has now ceased trading and the provisional liquidator Stuart Robb of Leonard Curtis Business Rescue & Recovery Limited will take steps to wind down its operations.

Stuart Robb said: “Having assessed the financial position, we have taken the difficult decision to cease trading with immediate effect. Our efforts will now be focussed on providing the affected employees with the appropriate support whilst seeking to maximise realisations for the benefit of the company’s creditors.”

Parties interested in acquiring the company’s assets are encouraged to contact Jenna Cooper by email, as a matter of urgency, at jenna.cooper@leonardcurtis.co.uk with a note of their interest.