Interpath appointed administrators of Edinburgh-based Armadilla

Interpath appointed administrators of Edinburgh-based Armadilla

Blair Nimmo

Blair Nimmo and Alistair McAlinden from Interpath Advisory were appointed joint administrators to Armadilla Limited on 20 December 2022.

Founded in 2010 and based in Bonnyrigg, near Edinburgh, the company deals in the design, manufacture and delivery of sustainable luxury modular accommodation, to clients across the education and high-end leisure and wellness sectors.

Despite having built a strong order book, with planned projects in Scotland, the Algarve, the USA and Dubai, the company experienced significant cashflow challenges as a result of order deferrals in the wake of the pandemic, the rising cost of raw materials and the cost and time burden of exporting to the EU.

With cashflow pressures intensifying the directors had no option but to take the decision to seek the appointment of administrators. The business has now ceased to trade and the joint administrators have made the company’s 29 employees redundant.

The administrators will be providing support to all impacted employees to help them submit redundancy claims and ensure they can access the support services of agencies such as Partnership Action for Continuing Employment.

Mr Nimmo, chief executive of Interpath Advisory and joint administrator, said: “Armadilla had forged a reputation for its distinctive, environmentally sustainable and high-quality range of luxury accommodation pods, winning the 2020 Queen’s Award for Enterprise in the Innovation category.

“Unfortunately however, the disruption encountered by the business during the COVID-19 pandemic, coupled with soaring costs, meant that the business was no longer viable in its current form.”

Mr McAlinden, head of Interpath Advisory Scotland and joint administrator, added: “We are now looking to find a buyer for the business and its assets, including its intellectual property (structural designs, architectural drawings and CAD tooling), the current work-in-progress and the customer order book.

“Given Amardilla’s pedigree, we very much hope to be able to secure a future for the business, and so would ask any interested parties to make contact with us at the earliest opportunity.”

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