Latest news with #HospitalPipelineInstallationsLimited
STV News
13-05-2025
- Business
- STV News
Dozens of jobs lost after hospital pipeline firm collapses
Dozens of jobs have been lost at a Scottish hospital pipeline firm after the company collapsed. Hospital Pipeline Installations Limited (HPI) was placed into administration on May 9 and has ceased trading with immediate effect. The firm, which has its headquarters in Paisley and was founded in 1984, and designs and installs medical, dental, lab and industrial gas pipelines. The business also provided repair and maintenance services and had built a substantial client base including several NHS Health Boards. A total of 22 members of staff have been made redundant, with three retained to assist with the process of administration. The firm also has an office in Rochdale. The administration was said to be caused by a 'marked downturn in trade, rising operating costs and low margin contracts'. HPI at its peak had a turnover of approximately £3m and employed 25 staff. Blair Milne and James Fennessey from advisory firm Azets have been appointed as joint administrators. Mr Milne said: '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. '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. 'The joint administrators would encourage interested parties to contact the Glasgow office of Azets as soon as possible.' Get all the latest news from around the country Follow STV News Scan the QR code on your mobile device for all the latest news from around the country
The National
13-05-2025
- Business
- The National
Scottish firm goes bust after over 40 years with dozens of jobs lost
Hospital Pipeline Installations Limited (HPI) was headquartered in Paisley and founded in 1984. 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."
Scottish Sun
13-05-2025
- Business
- Scottish Sun
Scottish firm goes bust after plunging into administration with majority of jobs lost
END OF THE LINE Scottish firm goes bust after plunging into administration with majority of jobs lost Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A SCOTTISH firm has plunged into administration after 41 years with dozens of jobs lost. Hospital Pipeline Installations Limited (HPI) was founded in 1984 and headquartered on Duke Street in Paisley. Sign up for Scottish Sun newsletter Sign up 2 HPI headquarters is located in Paisley's Duke Street HPI was a leading designer and installer of medical, dental, laboratory and industrial gas pipelines The company also had an additional office south of the border in Rochdale. The business plunged into administration due to a 'marked downturn' in trade, rising operating costs and low-margin contracts, The Herald reports. Blair Milne and James Fennessey, partners with Azets, have been appointed joint administrators. At its peak, HPI had a turnover of around £3million and employed 25 staff. The business provided repair and maintenance services and built a client base across the construction, dental and medical sectors - which included several NHS Health Boards. A total of 22 employees have now been made redundant, with three being retained to assist the administration process. The administrators said they will provide as much assistance as possible to those staff affected by redundancy. This includes liaising with the Redundancy Payments Office and employment support organisations such as PACE. They added: "Unfortunately, 22 employees have been made redundant with three being retained by the joint administrators to assist with the administration process and with safeguarding the company's assets." Completely Motoring faces administration Blair Milne, joint administrator, said: "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. "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."
