The collapse into liquidation of a prominent Aberdeen-based oil and gas engineering services apprentices has shocked the industry.
An Edinburgh judge has appointed a liquidator for ITCA after a winding-up writ was served. Ten staff at ITCA have been paid off, and scores of apprentices are now urgently seeking alternatives to complete their training.
Earlier this month, June Jones, ITCA managing director, presented a petition to the Court of Session for an order to wind up the company.
Lord Bannatyne appointed Neil Dempsey, head of restructuring and recovery at Anderson Anderson and Brown, as provisional liquidator of ITCA. The company was set up in 1989.
Dempsey said: “Following discussions between ITCA and the landlord for the company’s trading premises over the rental costs being incurred, and also the impact of the increase in non-domestic rates, the director reached the decision that the company could no longer trade on.”
In March this year, Jones said the company was in a “vulnerable” situation as it faced the prospect of training fewer modern apprentices – a direct result of N. Sea oil companies cutting back on staff training and recruitment following the 2014 crude price slump.
Alfie Cheyne, chief executive of Banff-based Ace Winches, said organisations like ITCA were “fundamentally important” in the development of a skilled Scottish workforce.
22 Nov 2017