Scottish cabling service goes into administration

Wed, 04 Oct 2017 | ADMINISTRATION

The Aberdeen-based specialist cabling service Xtreme Business Solutions has gone into administration at a loss of 50 jobs – 31 in Aberdeen and 19 in Fife.

Xtreme Business Solutions was founded in 2003 and has offices in the Dalgety Bay area. The company had been suffering for a while with rising costs and falling margins and was struggling against "unsustainable cash flow issues".

Iain Fraser and Tom MacLennan, partners with FRP Advisory LLP, have been appointed joint administrators of the company which fitted and maintained cabling and networked systems such as CCTV.

Commenting on the administration, Fraser said: "Unfortunately, the financial issues facing the company could not be resolved and administration was the only option."

"Xtreme Business Solutions was an established, respected operator in the specialist cabling sector."

“We will work closely with all agencies such as the Redundancy Payments Office to ensure employees receive every support and assistance at this very difficult time.”

Clients included Trump International Golf Links, Network Rail, St Andrews University and William Grant & Sons.

Search businesses in administration
Subscribe to the Business Sale Report


Share this article



Latest Businesses for Sale

Pharmacy
Cambridgeshire, UK Wide

Long established community pharmacy. First time on the market in 30 years. Now occupying exemplary new purpose built accommodation. Standard hours. Offers invited.

Asking Price: Offers Invited
Turnover: £885,000

LEASEHOLD


Creative Consultancy & Interior Design Solutions
UK Wide

Works closely with clients to produce interior design solutions for educational institutions, which could be marketed to more sectors.Additionally offers an array of creative media, including videos,presentations, websites, branding and full direct m...

Asking Price: Offers Invited
Turnover: £873,000

RELOCATABLE


Health Centre Pharmacy
Devon, UK Wide

Unopposed health centre pharmacy. Semi-rural location. In receipt of Pharmacy Access Scheme payments. Offers invited.

Asking Price: Offers Invited
Turnover: £845,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
24
 
Jan
 

Hawkin’s Bazaar enters administration | ADMINISTRATION

Norwich-based novelty toy retailer Hawkin’s Bazaar has...

 
23
 
Jan
 

MBO at Bristol-based media training firm | MBO/MBI

Mentor Media Training has been acquired by lead consultant D...

 
22
 
Jan
 

Chelmsford warehouse management firm bought by software provider | BUSINESS SALE

Chelmsford-based warehouse management solutions provider Min...

Free guide: 10 Biggest Buyer Mistakes

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

Email


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