A SCOTTISH painting and decorating business has ceased trading after 40 years, with all staff made redundant.
Orr Decorators, founded 40 years ago and based in Coatbridge in Lanarkshire, had a turnover of nearly £3 million and employed 32 staff.
As was first reported by The Herald, Gordon McIntyre and George Lafferty, insolvency practitioners with McLaren Insolvency, have now been appointed joint provisional liquidators of Andrew P Orr (Decorators) Limited.
The business, which the joint provisional liquidators noted provided a wide range of painting and decorating and related services including expertise in environmentally friendly coatings and finishes, experienced “significant cashflow pressures” amid rising costs and overheads.
The joint provisional liquidators, who will be determining if any assets can be marketed for sale, said: “Orr Decorators had built a portfolio of major projects across the construction, housing, distribution, healthcare, education, manufacturing and local authority sectors.
“Losses were incurred as a result of rising costs and overheads, which in turn led to significant cashflow pressures. With further losses anticipated, a petition was submitted to court to wind up the company.”
They added: “The business has ceased trading and unfortunately all 32 staff have been made redundant. The joint provisional liquidators will focus on helping staff register any claims with the redundancy payments office and by liaising with relevant employment support agencies such as PACE.”
McIntyre said: “Orr Decorators was a highly regarded commercial painting and decorating contractor with a quality client base. The business was severely affected by trading problems and, despite the best efforts of the directors, insolvency was the only option.
"We will now wind down the business and will be determining if there are any assets that can be marketed for sale in due course.”
