A FAMILY-RUN Scottish construction firm has gone bust with all staff losing their jobs.
James Penman Plant Hire have appointed business advisory firm FRP Advisory after the company went into administration.
Based in Kirkcaldy, Fife, the firm specialised in groundworks construction services and plant hire.
It is understood 35 people have been made redundant just as the firm was due to celebrate its 50th birthday this year.
READ MORE: Jobs lost as family-run Scottish building firm closes after 50 years
The company had difficulties meeting its “financial obligations” brought about during the pandemic and made worse by the cost-of-living crisis, according to administrators.
Directors James and Wendy Penman and Jane Downie are no longer listed as active on Company's House.
The firm was founded by James’ father in 1974.
FRP partner Callum Carmichael said: “James Penman struggled to maintain its financial obligations which stemmed from the pandemic and, regrettably, has entered liquidation.
“Our job now is to focus on supporting all staff that have been impacted with their applications to the redundancy payments service as we wind down the remaining business.”
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