A Shetland firm that supplied office equipment and CCTV installations has become the latest victim of the downturn in the North Sea oil and gas sector.
Joint liquidators, Ken Pattullo and Kenny Craig of Begbies Traynor, said that Shetland Office Supplies had suffered a “massive loss of business” from clients in the energy industry.
The firm’s director, Alan Blair, and two other employees have been made redundant and a creditors’ meeting will be held tomorrow at Begbies Traynor’s offices in Aberdeen.
Pattullo said: “The hardship that the contraction of the oil and gas sector has experienced is widespread in Scotland, and this is another very clear example of the very real knock-on effects being felt right through the Scottish economy.”
Last week, offshore services group SeaEnergy called in administrators after succumbing to cashflow problems sparked by the North Sea downturn.
However, more than 30 jobs were saved after the Aberdeen-based company’s Return to Scene division, which helps oil and gas firms plan maintenance activities on offshore installations, was sold to engineer and shipping firm James Fisher in a £2 million deal.