CS Wind UK Limited (SC394018): administration
- Status
- Administration ended
- Administration began
- 2021-09-10
- Administrators
- Michelle Marie Elliot, Thomas Campbell Maclennan
- Administrators' firm
- FRP Advisory
- Formerly
- Wind Towers (Scotland) Limited; Wind Towers Limited
- Incorporated
- 2011-02-22
- Location
- Edinburgh
- Industry
- 25110 Manufacture of metal structures and parts of structures
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated in 2011 and operated as a wind tower manufacturer, from a site at the MACC Business Park, Machrihanish near Campbeltown. The site is sub-leased from Highlands and Islands Enterprise.
On 31 March 2016, CS Wind Corp, a company registered in South Korea, acquired 100% of the share capital of the Company.
According to the directors, the business had suffered in recent years as market conditions deteriorated resulting in a decline in contracts and revenue.
Administrators' statement of proposals (2021-11-03) · Companies House register