Flooring company goes into administration

STV
Job losses: Firm has three sites in the UK.

A flooring company which has operated for 172 years has entered administration with the loss of 33 jobs.

Stuarts Industrial Flooring has three sites at Loanhead in Midlothian, Tamworth in Staffordshire and Roecliffe in North Yorkshire.

KPMG was appointed administrators on Thursday and the redundancies, totalling 102 across the company, take effect immediately.

Six workers, including three in Scotland, have been kept on to help with the winding-down process.

Joint administrator Mark Orton said: "While this business has been historically profitable, the downturn in the construction industry has seen it generating significant trading losses over recent years.

"In the current challenging economic conditions, the business has no commercially viable future in its current form and as a result, we have taken the difficult decision to wind the business down with immediate effect."

Administrators said the company, founded in 1840 as Stuarts Granolithic, was the largest concrete flooring specialist in the UK.