Administrators from PricewaterhouseCoopers have been called in at Millar
McCowan, the Scottish sugar confectionary company.
Millar McCowan was formed in mid 2005 when the businesses and assets of two
well known Scottish confectionery brands were acquired out of receivership.
The company turns over approximately £8m per annum and had employed 71 staff
at its factory in Stenhousemuir and 86 staff at the Broxburn site.
PwC administrator Graham Martin said it was with regret that the decision was
taken to close manufacturing at both sites with the loss of 149 jobs.
‘Eight staff are being retained in the short term,’ he said.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies