A TOP Scottish architectural firm has called in the administrators after 120 years in business.
Charles Henshaw & Sons Ltd, which was founded in Edinburgh in 1904, announced that “after exploring every avenue to keep afloat, we are unable to continue” on Friday.
The firm, which specialises in facades, is known across Scotland for its work on prominent public buildings such as the Usher Hall and Waverley train station in Edinburgh.
It has also worked on the new University of Glasgow buildings and Glasgow’s Queen Street Station.
The company employs 72 people – and those jobs are now at risk as a buyer is sought.
Graham Chung, the managing director of Charles Henshaw & Sons Ltd, said: “Henshaw cladding solutions have set industry standards, and we have worked hard for our position as a trusted partner in the facade sector of the construction industry.
“I am proud of our distinguished reputation built over many decades, and it is with deep regret that, after exploring every avenue to keep afloat, we are unable to continue.
“We have a long-serving, loyal and extremely well trained and talented team of estimators, designers, fabricators, site management and business support staff. We have left our mark with craftsmanship and projects that have shaped the UK skylines with precision and elegance.
“We would like to thank our employees, supply chain, consultants, and subcontractors and for their loyal support over the decades.”
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Shona Campbell has been appointed administrator. Campbell, a business recovery and insolvency partner at Henderson Loggie, said: “My primary focus will be to ensure the well-being of the staff affected by the potential redundancies, providing them with the necessary support and guidance during this challenging time.
“We are actively seeking interested buyers for the business and assets, which offers a unique opportunity to acquire a company with a solid reputation and extensive portfolio.
“Despite its strengths, the business has faced significant financial pressures due to escalating costs, problematic legacy contracts, and delays in initiating new projects.
“Our goal is to navigate these challenges effectively, preserving as much value as possible for all stakeholders involved."
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