IT is still hoped that a buyer will be found for the printing firm who employed 233 staff in Glasgow and Haddington, East Lothian.
SNS Group
ALMOST 150 workers have lost their jobs at a ?printing firm who went into ?liquidation ?yesterday.
Montgomery Litho employed 233 staff in Glasgow and ?Haddington, East Lothian.
The liquidators blamed ?trading losses and increasing cash flow ?pressures? ? but still hope to find a buyer for the company.
Montgomery Litho, who were founded in 1983, print and bind books, brochures and maps. Blair Nimmo and Tony Friar, of ?liquidators KPMG, said 148 ?workers ? 79 in ?Haddington and 69 in Glasgow ? have been made redundant with ?immediate effect.
The company?s base in ?Haddington will close ?completely.
Montgomery Litho have a turnover of around ?19million and intend to continue ?operating while a buyer is sought. Nimmo said: ?Montgomery Litho Ltd had been facing ?difficulties following trading losses and increasing cash flow pressures.
?The loss of a major customer together with a continuing reduction in order levels at a time of declining demand within the UK printing ?industry have adversely affected the company. It is regrettable but ?necessary to close operations in ?Haddington and implement ?redundancies there and in ?Glasgow.
?However, there remains an ?excellent opportunity to acquire a well-known business with a strong customer base and we are hopeful that a buyer can be found.?
Source: http://www.dailyrecord.co.uk/news/scottish-news/scottish-print-firm-montgomery-litho-1531962
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