More than 40 jobs have been lost and a further 42 are under threat following the collapse of a family-owned construction firm in Glasgow.
J&T Blacksmiths and its construction subsidiary, William Crawford & Son, have gone into administration after suffering cash flow problems.
Administrators from Begbies Traynor have made 46 people redundant as they continue to trade the businesses, based at Hillington Industrial Estate.
Joint administrator Paul Dounis said a quick sale would be needed to win contracts and maintain sales revenues.
“The businesses hit unresolvable cash shortfalls partly as a result of the slowdown in the market in general, but also as a result of reacting slowly to the downturn,” he said.
“However, both firms have a highly skilled workforce and very strong reputations and we are confident their accreditation and solid customer relationships will make the businesses attractive to an acquisitive construction or manufacturing group.”
Established in 1979, J&T provides industrial and architectural steelwork to major contractors and utility companies. It is recognised as one of the leading fencing and steel staircase fabricators in Scotland and holds approved supplier status with ScottishPower.
Its fully-owned subsidiary, William Crawford & Son, works closely with J&T providing construction, repair and maintenance work.
Dounis said the future for the 42 remaining workers was uncertain once existing contracts were completed. “We are unable to make any guarantees regarding how long jobs will remain viable until we secure a buyer, but we are making every effort to secure a return for the creditors and a future for the businesses and their staff,” he said.