Founded in 1993, Guardian Systems Ltd manufactured and supplied custom-made windows, doors, conservatories and associated products for the residential and commercial market.

Based in Springkerse Industrial Estate in Stirling, the business was trading strongly at the start of the year, and had a turnover close to £1.5m, but witnessed a fall in orders during the summer.

Despite the best efforts of the directors, this led to major cash flow problems and unsustainable losses, leading to a decision to place the company in liquidation, resulting in the loss of 27 jobs.

An associate company, Guardian Soft Furnishings Ltd, which supplied soft furnishings and fabrics to retail and commercial clients, has also been placed in liquidation.

Guardian Soft Furnishings had an extensive client base across the Central Belt, and supplied hotels and commercial premises, in addition to residential clients. The liquidation has led to the loss of 17 jobs.

Accountants Campbell Dallas said it would provide “every possible support” to employees affected by the closure.

Derek Forsyth, head of restructuring and insolvency with accountants Campbell Dallas, said: “Guardian Systems and Guardian Soft Furnishings were well-known in their markets, and had good quality clients. It is unfortunate that a number of factors created significant problems that ultimately caused both businesses to be placed in liquidation. We are marketing assets for sale and would encourage interested parties to make contact with us as soon as possible.”