One of Scotland’s leading specialist sub-sea oil and gas engineering and fabrication businesses – MacKellar Sub-Sea and its related companies MacKellar Tritech and Tritech Nairn – has entered administration.
The company had suffered a number of losses on contracts that lead to administration being their “only option” – despite an expected turnover of £8 million for their latest financial year. The businesses together employ 97 full and part-time staff.
The news comes just 24 hours after Neil Gordon of Subsea UK, said: “The UK subsea market, worth almost £9 billion, has demonstrated its resilience, pioneering spirit and desire to work together to ensure that we have a strong future in the North Sea.”
Tom MacLennan, joint administrator, FRP Advisory, said: “Losses on a number of contracts and consequent financial pressures have resulted in administration being the only option for the business.
“That said, we believe there is a viable business underlying these recent contract-related losses and we will continue to trade the company whilst actively seeking a buyer.”
The main company occupies a five acre purpose-built assembly facility in Grantown-on-Spey incorporating a fabrication shop, machining shop, offices, stores, large stockyard and assembly area. Tritech Nairn Limited, one of Scotland’s leading grit-blasting and painting facilities, operates from a satellite facility on the former RAF base at Kinloss and undertakes work for the main business.