Scottish engineers BiFab prepare for administration

Leading Scottish engineering company, Burntisland Fabricators, is on the verge of calling in administrators, it has been revealed.

BiFab builds large scale equipment for the offshore oil and gas industry, as well as platforms for offshore wind turbines and tidal generators from their yards in Fife and Arnish.

Recent cash flow problems have taken their toll on the company, however, who employ around 600 people. They have recently filed papers to begin the process of entering administration.

Only a year ago, BiFab secured a £100m contract for the manufacture of 26 offshore wind turbine jackets from the Dutch contractor Seaway Heavy Lifting (SHL), part of the £2.6bn Beatrice Offshore Windfarm Ltd Bowl project in the Outer Moray Firth led by energy giant SSE. However fortune has not smiled on them in the time since.

The failure of the business would put the local community in peril, as well as damaging the Scottish economy as a whole.

GMB Scotland Secretary Gary Smith said: "It goes without saying that our members demand urgent answers from the employer about how it has ended up in this position less than a year after securing such a significant contract.

"We are in contact with the Scottish government and the possibility of losing over 600 highly skilled and decent paid jobs doesn't bear thinking about.

"Letting these workers and their communities go under is not an option."

It is hoped the Scottish government will take immediate action to keep BiFab afloat and save these jobs and skills.

Subscribe to the Business Sale Report

Search businesses in administration

Share this article

Latest Businesses for Sale

---

---

---

View more businesses for sale