A specialist maker of ventilation systems based in Coupar Angus, Perthshire, has gone into liquidation with the loss of over 80 jobs.
Founded in 2006, MJ Ventilation manufactured, installed and serviced ventilation systems for commercial and public sector clients. The company had grown to a turnover of around £7 million.
MJ Ventilation had been suffering from cash flow problems compounded by bad debts arising from the insolvencies of Carillion and McGill &Co. The business has now ceased trading and all staff have been made redundant.
Provisional liquidator Blair Milne, insolvency partner with Campbell Dallas, said: “MJ Ventilation was a well-established and highly regarded specialist ventilation systems business with a high-quality client base across the public and commercial sectors. Despite the best efforts of the management team, the business had been suffering from unsustainable cash flow problems and the only option was to place the company in liquidation.
“We will now be marketing the company’s assets for sale, including plant and vehicles, and would encourage interested parties to contact our Glasgow office as soon as possible.
“A priority for Campbell Dallas will be to minimise the impact on the staff and hence our team will make immediate contact with the Redundancy Payments Service and other agencies such as PACE in order that all claims and support services are progressed as quickly as possible.”