Hundreds of jobs at risk as Fife firm calls in administrators
There are fears for 320 jobs after Fife-based furniture firm Havelock Europa confirmed it is preparing to go into administration.
The company, based in Kirkcaldy, makes furniture and fittings for shops and buildings.
Earlier this week the company had trading in its shares suspended over concerns about its financial position.
Chairman Ian Godden said 2017 had been “one of the worst performances in Havelock’s history.
Yesterday, the board filed a notice of intention to appoint administrators, which will take place within ten days.
A low order book and reduced spending from public sector clients were among the factors behind the slump.
Havelock Europa’s customers have included Primark, Holland and Barrett, and House of Fraser.
The company was created in 2001, combining Havelock Textiles Ltd and McIntosh, which dates back to 1869.