Glasgow engineering company Walker Macleod has gone into provisional liquidation in a move that threatens 46 jobs days before Christmas.
Stuart Robb of Leonard Curtis Business Rescue Ltd has been appointed provisional liquidator of the Yoker-based business.
Incorporated in June 1981, Walker Macleod supplies metal fabrications and electrical installations to industrial and commercial firms.
Management decided to appoint the provisional liquidator following a recent downturn in trading.
In a statement Stuart Robb said that due to significant supplier pressures and high fixed costs the business has now ceased trading.
He will now take steps to wound down the company’s operations and so he has made all 46 staff redundant.
Stuart Robb said: “Having assessed the financial position, we have taken the difficult decision to cease trading with immediate effect.
“Our efforts will now be focused on providing the affected employees with the appropriate support whilst seeking to maximise realisations for the benefit of the company’s creditors.
“There remains an opportunity to acquire the company’s assets and we would encourage any interested parties to contact us.”