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.
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