Jobs lost as lights go out on J&G Coughtrie

LIGHTING company J&G Coughtrie has entered administration with the loss of 11 jobs, it emerged yesterday.

Blair Nimmo and Tony Friar of accountancy firm KPMG were appointed as joint administrators on Friday.

The Hillington-based light maker is a family-owned company established in 1941. It has an annual turnover of 3 million and had 45 employees.

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The administrators said that, to combat declining sales, the company had invested in the modernisation of its product range over the past few years.

KPMG said: "The full benefits of this investment have yet to be reflected in sales levels. This, and the impact of the recession on its building-trade customer base, has resulted in cash-flow difficulties, which have ultimately led to the administration."

Nimmo added: "It is with regret that we have had to make certain redundancies across J&G Coughtrie's operations, however, this has been necessary to allow the business to continue to trade. We are currently marketing the business in an attempt to secure a going concern sale.

"We envisage that the quality of the company's product range, its loyal customer base and its skilled workforce will prove attractive to an existing player to add this firm to its portfolio."