Scottish firm goes bust after over 40 years with dozens of jobs lost
It designed and installed medical, dental, laboratory and industrial gas pipelines.
Blair Milne and James Fennessey, partners with Azets, have been appointed joint administrators.
READ MORE: Three Belgian soldiers hurt in 'shooting incident' during exercise in Scotland
A total of 22 employees have been made redundant, with three being retained to assist with the administration process.
"HPI was a highly regarded specialist in the field of medical gas pipeline installation and maintenance, providing an essential service to the medical sector, including hospitals and dental practices across the UK,' Blair Milne said.
"The business was suffering from a number of operational and financial challenges and was coming under mounting creditor pressure.
"The directors sought professional advice on their options and ultimately concluded that the company should be placed into administration.
"We will now focus on assisting the employees with their claims for redundancy and other entitlements and on marketing the company's assets for sale."
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