Workers at a Livingston-based construction company have been made redundant after the firm, which employed 47 people, went into administration.
NRS UK, who have worked on a range of projects across Scotland, have ceased trading with immediate effect and appointed administrators.
45 members of staff have been made redundant with two being retained on a short-term basis to assist with the administration process.
The firm, which was founded in 2010, fell into administration after a range of financial difficulties. They faced spiralling supply chain costs in 2022 which was magnified by severe losses stemming from fixed price contracts, resulting in recent unsustainable cash flow.
NRS UK has a turnover of £33m and was a provider of construction, civil engineering and power solutions for a number of private and public sector clients.
Their most recent Scottish project included the St Andrews Cross substation in Glasgow, Seagreen Offshore wind farm off the Angus coast, Hunterston substation, Sauchiehall Street civil engineering works and electricity substations in Wishaw and Glenlee.
Michelle Elliot and Stuart Robb, partners with FRP Advisory, have been appointed joint administrators of the firm.
Michelle Elliot said: “NRS UK is an established and highly regarded civil engineering and energy construction specialist with an impressive portfolio of projects across Scotland and England.
“The business has been exposed to the well-documented problems of surging costs affecting supply chains and from fixed price contracts that resulted in involuntary losses.
“Despite the best efforts of the sole director, the business faced a range of cash flow challenges in recent weeks due to these issues and could not continue trading.
“We will now market the business and assets of the business for sale and would encourage any interested parties to make contact as soon as possible.
“We will also ensure the employees receive every assistance to register any claims that they may have with the Redundancy Payments Office (RPO) and with accessing support services from PACE and other government bodies.”
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