Donald McNaught, a restructuring partner at Johnston Carmichael, has been appointed as the provisional liquidator to TFD (Scotland) Ltd.
The East Kilbride-based firm, which supplied double glazing windows to trade and the housebuilding sector, ceased trading after more than 13 years last week with the loss of 63 jobs.
Customer difficulties in the wider construction sector also contributed to the business failure, including the loss of a major deal following the insolvency of Muirfield Contracts in March 2015.
The liquidators are working with Partnership Action for Continuing Employment (PACE), a consortium of 22 organisations including Skills Development Scotland, to help the employees affected to find new jobs.
Donald McNaught said: “Unfortunately the business has been unable to ensure sufficient cashflow to remain viable, despite repeated efforts by the directors to improve its position and protect jobs. We are now actively seeking buyers interested in the company’s remaining stock, premises, plant and equipment.”
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