Page 69 - Interpath Advisory News Today

A SCOTTISH energy services business has fallen into administration amid rising debts in the wake of the coronavirus pandemic.

A MASS meeting is being organised for staff after a one of the last of Scotlands historic paper mills went into administration with the loss of…

Ageing machinery powering Stoneywood mill and soaring energy prices "absolutely contributed" to the owner's administration, we've been told.

By Kathleen Nutt

A JOBS boost is expected as a US banking giant prepares a move to a massive new base in Scotlands largest city.

THE administration of an historic paper company has been described as  "immensely troubling" for Scottish manufacturing.

Awesome Merchandise’s Texas operation has been shut down as the firm strives to rebuild its reputation following last month’s pre-pack sale to its co-founder, while funding platform Crowdcube is in talks about the possibility of shares in the newco being issued to more than one thousand investors who were wiped out.

Administrators have been appointed to ten subsidiaries of a historic independent paper manufacturer – which can trace its roots back to 1738 – in a move that has led to 368 redundancies. The group owns and operates two mills in Chartham, Kent and Stoneywood, Aberdeen. One of the administrators called the move "immensely troubling news for UK and Scottish manufacturing".

One devastated worker speaks of his shock after hundreds of jobs are suddenly lost in Aberdeen.

Administrators are appointed at Arjowiggins Group mills in Aberdeen as well as Kent.