Westmont Systems Limited (SC108852): administration
- Status
- In administration
- Administration began
- 2026-02-04
- Administrators
- David Mcginness, Duncan Andrew Christopher Raggett
- Administrators' firm
- Aab Business & Tax Advisory
- Formerly
- G.B.S. Iprak Limited; Profilebright Limited
- Incorporated
- 1988-01-21
- Location
- Edinburgh
- Industry
- 26512 Manufacture of electronic industrial process control equipment
Why it went into administration
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
From the administrators' statement
One of the Company's main clients were ISG, who unfortunately fell into Administration in September 2024, leaving the Company with a bad debt of over £200,000, severely impacting its cashflow The Company had no warning of the impending Administration and actually had a further order completed and ready to ship to ISG when the notice of Administration was received.
The Director spent the next few months trying to secure new contracts and was fairly advanced in a tender process for a contact with the government which would have generated c. £1.4 million worth of business. Despite pushing as hard he could, the award of the contact kept getting delayed and the Company’s cash position worsened considerably.
The Director tried to raise additional funding and personally guaranteed a few short term loans to support the continuation of trade but ultimately, he could not get sufficient funding to secure the long term future of the Company.
Administrators' statement of proposals (2026-03-30) · Companies House register