Computer factory enters administration

Tue, 25 Dec 2018 | ADMINISTRATION



Kaiam Europe Limited (KEL) and Kaiam UK Limited (KUL), a computer factory based in Livingston, West Lothian, has entered administration due to a series of financial struggles.

Administrators from KPMG were appointed over the weekend, with partners Blair Nimmo and Alistair McAlinden looking to explore the possible sale of the business.

Nimmo, who is also the global head of insolvency at KPMG, said: "KEL has faced challenging trading conditions, which caused the business to experience acute cash flow pressure. Despite the action of the directors to try to increase sales and attract new investment, the business entered administration.

"We are exploring a sale of the business and are working with Scottish Enterprise, Skills Development Scotland and West Lothian Council to provide a full range of support to the company's employees as this process takes place. We would encourage any interested parties to contact us as soon as possible."

KEL and KUL are subsidiaries of Kaiam Corporation, an American organisation established in 1998 which manufactures computer parts to support rapid data-transfer between numerous servers at data centres. As they are part of the European operations, their administrations do not affect the US arm of the company.

In 2014, Kaiam was gifted a £850,000 grant from the Scottish Enterprise to assist with the relocation of some of its production from China to Scotland.

However, Livingston MP Hannah Bardell said it was a "terrible shame" that the business did not enlist the public's help before descending into cash flow issues.

She said: "They have £4 million on their order book so there's work there to be done but at the moment they can't pay their bills.

"We have to do everything we can to help but we need the executive team and the chief executive, in particular, to engage with us positively so we can do all we can to help."

For more news stories about administrations click here. For all our administrations listings, click here.


Share this article



Latest Businesses for Sale

IT Telecoms Business
Lincolnshire, Yorkshire and the Humber, UK

Profitable and 10-year established telecoms and technology services company based in Lincolnshire complete with Freehold premises. With a large proportion of turnover coming from ongoing and retained client business, the company has a fantastic reput...

Asking Price: £950,000
Turnover: £500,000

LEASEHOLD


Video Content Management Solutions Provider
UK Wide

Provider of complete video content management software solutions for the creation, delivery, and monitoring of both live and on-demand media content. With expertise in streaming software, the company’s offering simplifies the integration of streaming...

Asking Price: Offers Invited
Turnover: £615,000

Web Technology Agency
Yorkshire and the Humber, UK

Specialists in the design, build, development & management of large websites, web platforms & Content Management Systems using Microsoft .NET technology, particularly Kentico & Umbraco. Existing Kentico partners. Large digital consultancies. Website...

Asking Price: Offers Invited
Turnover: £1,300,000


View more businesses for sale

News Search

Latest News

 
27
 
Mar
 

Addison Lee acquired by consortium of investors | BUSINESS SALE

Addison Lee Group, London’s biggest private care hire ...

 
26
 
Mar
 

Leicestershire building products firm enters administration | ADMINISTRATION

Leicestershire-based System Building Products Limited has en...

 
25
 
Mar
 

Kaupthing plans sale of Oasis and Warehouse | BUSINESS SALE

Icelandic-owned UK women’s fashion retailers Oasis and...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
04
 
Sep
 

Lowry Hotel sold to Westmount Hospitality Group | COMMERCIAL PROPERTY

The five-star Lowry Hotel in Manchester has changed hands in...

 
19
 
Jun
 

Construction company enters administration | ADMINISTRATION

Mel Davison Construction has entered administration after ti...

 
11
 
May
 

The Christmas Magazine sold to Kelsey | BUSINESS SALE

Kelsey has bought The Christmas Magazine from Signature Publ...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources