Multiple steel firms crash into administration with 93 job losses in huge blow to British manufacturing

1 sources1 storiesFirst seen 5/19/2026Score24Mixed Progress

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Multiple steel firms crash into administration with 93 job losses in huge blow to British manufacturing.

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Two Scottish engineering firms have entered administration with the loss of 93 jobs after worsening financial pressures forced both businesses to cease trading.AIM Engineering & Fabrication Group and Hescott Engineering Company, sister firms based in Falkirk and Larbert, appointed administrators on Friday after directors concluded their financial positions had become unsustainable.Interpath Advisory partners Alistair McAlinden and James Dewar were appointed joint administrators for both businesses.The companies have now stopped trading completely, with all employees made redundant following a turbulent period at the firms, including disruption at Hescott after workers reportedly went unpaid.

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TRENDING Stories Videos Your Say Up to 40 employees gathered outside the company's premises after staff were told to remain at home, effectively halting operations at the site.Both companies specialised in steel and metalwork design, engineering and fabrication services, carrying out construction...

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