November 1 - The UK's West of Scotland Heavy Haulage and its associated trading company, West of Scotland Storage, have been placed in administration with Tom MacLennan and Iain Fraser, partners with FRP Advisory.
The business has ceased trading with immediate effect, resulting in 21 staff being made redundant, with two employees retained to assist with the administration process.
The heavy haulage company had contracts in the renewable, contracting, mining, civil engineering and construction sectors, with a turnover of around GBP11 million (USD14 million).
The joint administrators have appointed sub-contractors to enable completion of West of Scotland's three main contracts.
Joint administrator Tom MacLennan, partner with FRP Advisory, said: "West of Scotland Heavy Haulage and its associated company were long-standing providers of specialist heavy haulage vehicles and services across Scotland.
"Unfortunately, the businesses could not overcome severe operational and financial problems, and administration was the only option."
Founded in 1946 and based in Cumbernauld, West of Scotland Heavy Haulage operated one of the largest fleets of specialist heavy haulage trucks, trailers and low loaders in Scotland.