Belmar Engineering collapses with 48 job losses – Daily Business

Aberdeen agency Belmar Engineering has gone into liquidation with the speedy lack of all 48 workers. 

Workers have been knowledgeable of the state of affairs at a gathering yesterday and 80 collectors, believed to be owed thousands and thousands, have been knowledgeable of the state of affairs. 

Pressures of elevated worldwide competitors, losses in recent times and falling orders are cited as causes for the closure. 

The worth of owned gear at Belmar’s leased premises at Abbotswell Highway will probably be decided by a valuer and an public sale is more likely to be held. 

Belmar was established in 1975 and operated from a 37,000 sq ft workshop. It supplied medium to massive turning, milling, boring, weld overlay and NDE (Non-Damaging Analysis). It produced elements for subsea techniques and touchdown strings, together with lubricator valves, accumulator mandrels, retainer valves and subsea check bushes.  

Liquidator Michael Reid of MHA stated efforts have been made to salvage the operations. 

“Previous to liquidation, the board tried to promote the enterprise, in entire or partially, however have been unsuccessful,” he stated. “They sought to overview working processes and pricing constructions, nonetheless, with out a base stage of labor, the manufacturing unit was not viable. 

“The choice to shut was taken as the ultimate possibility. I’ll be sure that all workers are absolutely suggested concerning the course of for claiming their employment entitlements, together with unpaid pay, pension deductions, accrued vacation pay, discover pay and redundancy. 

“That is the second native engineering firm that has appointed me liquidator within the final month and maybe displays the challenges dealing with such a enterprise in the meanwhile.” 

On 4 April Mr Reid was additionally appointed liquidator of JIQ Manufacturing, which operated from premises in Crathes, Banchory. All 4 workers have been made redundant.