ALL members of staff at a Scottish firm have been made redundant after the company went into administration.
The workers at Fife group Sign Plus are set to lose their jobs after the award-winning firm announced its collapse.
Based in Aberdeen and Peterhead, the group confirmed 29 jobs will be lost.
Administrators at FRP Advisory said the group went under after “serious cash flow problems, stemming from rising operational costs”.
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Sign Plus ran two subsidiaries in Aberdeen – signage-focused Loftus Signs and printing, signage and creative design business Jasmine.
The businesses have ceased trading and the assets will be up for sale.
Michelle Elliot and Anthony Collier, partners with FRP Advisory, have been appointed joint administrators and are urging parties interested in acquiring the assets to contact the Glasgow office of FRP Advisory as soon as possible.
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Elliot said: “Sign Plus and its specialist divisions, Lofthus Signs and Jasmine, are long-established and highly regarded end-to-end suppliers of commercial design, print, graphics and visual branding solutions.
“The business has been adversely affected by rising operational costs and unsustainable financial problems, with administration being the only option.”
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