The corporate underwent a rebrand in 2022.
The engineering firm had been working for 92 years (Picture: Getty)
A Scottish family-owned engineering agency has collapsed into liquidation after working for practically 100 years. Tullibardine Smiddy Restricted has been within the household for 4 generations, however the house owners determined that “the corporate be wound up voluntarily”, with George Lafferty of Begbies Traynor appointed as liquidator.
Firms Home notes the enterprise as performing jobs together with the restore of fabricated metallic merchandise, the wholesale of agricultural equipment, tools, and provides, and different engineering actions.
In 2022, the corporate underwent a rebrand, altering its title from Robert Aitken and Sons to Tullibardine Smiddy Ltd. It was reported on the time that the chairman, Craig Aitken, stated the enterprise, which has been working for 92 years, has “all the time been about having a chat and understanding the purchasers’ wants”.
The corporate was additionally identified for supporting native farmers throughout the Perthshire and Kinross area since 1934, whereas specialising in blacksmithing and agricultural engineering.
Based on The Herald, Tullibardine Smiddy Ltd is now in a “members’ and collectors'” liquidation course of. The liquidation comes amid 1000’s of closures occurring throughout the UK.
The Accountant in Chapter, Scotland’s insolvency service, states that members’ voluntary liquidation applies when an organization is ‘solvent’ or capable of pay its money owed in full, however the proprietor wish to retire, “step down from the household enterprise, and nobody else desires to run, not run the enterprise anymore or restructure the enterprise”.
A collectors’ voluntary liquidation is a course of wherein an organization director can ask shareholders to place an bancrupt firm into liquidation.
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Based on The UK Insolvency Service, January 2026 noticed 74 firm insolvencies registered in Scotland, together with 42 collectors’ voluntary liquidation the place companies have been unable to pay their debt.
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