Overview
- AIM Engineering & Fabrication Group and Hescott Engineering Company appointed Interpath Advisory as joint administrators after finances became unsustainable, and both have ceased trading with 93 redundancies.
- Administrators said rising input costs, tightening margins, and the loss of a major customer pushed the firms over the edge.
- Interpath said it will help former staff file claims through the UK’s Redundancy Payments Service and is inviting interest in buying the businesses or their assets.
- Hescott showed strain before the collapse, with reports of unpaid wages and workers told to stay home, which brought activity at the site to a halt.
- The companies specialised in steel and metalwork for construction and industrial clients in Scotland, and coverage notes recent links to AIC Heating UK, Redpath Construction, Scottish Water and ArcelorMittal, with group turnover reported near £14 million last year.