Latest news with #MichelleElliot
Scottish Sun
11-07-2025
- Business
- Scottish Sun
Nearly all staff axed as major Scots manufacturer goes bust
The loss of a major customer contract had an 'immediate and severe impact' on the firm 'UNSUSTAINABLE' Nearly all staff axed as major Scots manufacturer goes bust Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A SCOTS manufacturer has plunged into administration with the loss of more than 80 jobs. Fife-based Greenfold Systems Ltd supplied parts to bus company Alexander Dennis. Sign up for Scottish Sun newsletter Sign up 1 Greenfold Systems Ltd in Dunfermline has made 81 employees redundant Credit: Google The firm operated out of Pitreavie Business Park in Dunfermline and provided manufacturing and assembly services to the commercial vehicle sector. But the withdrawal of its contract supporting Alexander Dennis Ltd has left the company "unsustainable", reports The Herald. Staff were previously informed of potential job losses due to the move. Callum Carmichael and Michelle Elliot of FRP Advisory, together with Shona Campbell of Henderson Loggie LLP, were appointed as administrators of Greenfold Systems Ltd. The firm employed 90 people, with 81 employees being made redundant. Callum Carmichael, joint administrator of Greenfold Systems Ltd and partner at FRP, said: "Greenfold Systems was a well-regarded business that had carved out a specialist role in the commercial vehicle supply chain. "Unfortunately, the loss of a major customer contract had an immediate and severe impact on its financial position. Our priority now is to support the affected employees and to maximise returns for creditors." Last month, Alexander Dennis announced plans to close its Scottish-based manufacturing facility in Falkirk. Alexander Dennis said it would be moving all manufacturing operations into a single site in Scarborough, England. It added: 'Production lines at Larbert would be suspended upon the completion of current contracts. Sport Scotland Agency Faces Tough Job Cuts "This proposed structure will lower overall costs, deliver clearer responsibilities and increase efficiency by removing duplicate functions and activities."
STV News
10-07-2025
- Business
- STV News
Bus manufacturer enters administration after loss of Alexander Dennis contract
A Fife-based bus manufacturer has made 81 employees redundant after it entered administration. Workers at Greenfold Systems Ltd in Dunfermline were previously put on notice of potential job losses as a knock-on effect of bus company Alexander Dennis planning to pull out of Scotland. Around half the staff on site were working on parts for the Larbert-based company. On Thursday, Callum Carmichael and Michelle Elliot of FRP Advisory, together with Shona Campbell of Henderson Loggie LLP, were appointed as administrators. The company employed a total of 90 staff, with nine staying on a short-term basis to complete a customer contract. Callum Carmichael, joint administrator of Greenfold Systems Ltd and partner at FRP, said: 'Greenfold Systems was a well-regarded business that had carved out a specialist role in the commercial vehicle supply chain. 'Unfortunately, the loss of a major customer contract had an immediate and severe impact on its financial position. Our priority now is to support the affected employees and to maximise returns for creditors.' Graeme Downie, Labour MP for Dunfermline and Dollar previously wrote to First Minister John Swinney about the threat of job losses at Greenfold. STV News GSL Around half the staff on site were working on parts for Alexander Dennis. He believes the 'lack of action' shown by the SNP leader is 'unacceptable'. The MP said: 'First and foremost, this news is devastating for the workforce and their families, and my office is here to help in any way we can to get people the support they need to find work. 'This news today is not the fault of the management or the staff at Greenfold Systems who have worked tirelessly to maintain a viable business.' 'I warned the First Minister of exactly this impact on the supply chain as a result of the failure of the SNP to support bus manufacturing in Scotland. 'It is unacceptable that the First Minister has taken no action and hasn't even had the courtesy to reply to my letter, instead seeming content to let the workers at Greenfold suffer the consequences of his government's action, or lack of action. ' The Scottish Government has been contacted for comment. 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 Herald Scotland
10-07-2025
- Business
- The Herald Scotland
All but nine staff made redundant at supplier of Alexander Dennis
Callum Carmichael and Michelle Elliot of FRP Advisory, together with Shona Campbell of Henderson Loggie LLP, were today appointed as administrators of Greenfold Systems Ltd, a specialist manufacturing business based in Dunfermline. The company operated from premises at Pitreavie Business Park and provided manufacturing and assembly services to the commercial vehicle sector. It had built longstanding relationships across the industry, with a significant proportion of its operations supporting Alexander Dennis Ltd, the administrators noted. They added: 'The business entered administration following the withdrawal of this key contract, which rendered the company unsustainable. The administrators are now progressing an orderly wind down of the business, including a sale of its assets. 'Greenfold Systems Ltd employed 90 people. Regrettably, 81 employees have been made redundant following appointment - the administrators are providing affected staff with guidance and support, including assistance with claims to the redundancy payments service. The remaining nine employees are being retained on a short-term basis to complete a customer contract.' Read more Mr Carmichael, a partner at FRP, said: 'Greenfold Systems was a well-regarded business that had carved out a specialist role in the commercial vehicle supply chain. Unfortunately, the loss of a major customer contract had an immediate and severe impact on its financial position. Our priority now is to support the affected employees and to maximise returns for creditors.' Last month, Alexander Dennis announced it was entering into a consultation to "look at consolidating its UK bus body manufacturing operations into a single site in Scarborough, England'. It declared at that stage that its Scottish-based manufacturing in Falkirk, 'which has already been reduced in recent years, would be discontinued and the site closed'. Alexander Dennis added: 'Production lines at Larbert would be suspended upon the completion of current contracts. 'This proposed structure will lower overall costs, deliver clearer responsibilities and increase efficiency by removing duplicate functions and activities.' And it revealed: 'The statutory consultation places up to 400 roles at Alexander Dennis at potential risk of redundancy. This represents approximately 22% of Alexander Dennis' workforce.'
