Ramco Tubular Services Limited (SC099251): administration
- Status
- Administration ended
- Administration began
- 2023-02-20
- Administrators
- Jonathan Charles Marston, Benjamin Thom Cairns
- Administrators' firm
- Alvarez & Marsal
- Formerly
- Resoleaf Limited
- Incorporated
- 1986-05-23
- Location
- Glasgow
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Loss of a key customer, supplier or contract
- Creditor pressure / legal action
- Property / lease costs
- Parent or group failure
From the administrators' statement
The Company was incorporated on 23 May 1986 and provided pipe cleaning and blasting services to the oil and gas industry, latterly under two key customer contracts with Tenaris and Shell.
The Company operated from three leasehold sites located on Badentoy Industrial Estate, Portlethen, including one lease which was terminated shortly prior to our appointment, and had 33 employees as at the date of appointment.
Of these three sites, Unit 1 and Unit 3 were each setup to service one of the key customer contracts, with Unit 4 largely being a storage facility.
Administrators' statement of proposals (2023-04-17) · Companies House register