KPMG move in at Aberdeen oil price casualty

kpmg aberdeenKPMG has been appointed joint administrator at Aberdeen engineering firm Enterprise Engineering Services Limited where 58 staff have been made redundant after the continued low oil price saw turnover fall from £23 million in 2014 to £17 million in 2015.

KPMG, which has been appointed joint administrators of both EESL and its holding company Craigshaw Holdings Limited, said a further 49 employees have been sent home pending clarification of ongoing customer requirements.

A further eight based in Aberdeen have been retained to assist KPMG.

Blair Nimmo
Blair Nimmo

Blair Nimmo, joint administrator and head of restructuring at KPMG in the UK, said: “Enterprise Engineering Services Limited has a history of servicing the energy industry across the UK but, like many businesses in the sector, it has been negatively impacted by the low oil price and reduction in upstream activity.”

He added: “We really will do everything we can to seek a buyer who may be able to protect the company and would encourage any party who has an interest in acquiring the company’s business and its assets to contact us as soon as possible.”


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