Firm forced to close

Evening Express (City Final) - - Flashback -

A NORTH-EAST com­pany has been forced to fold be­fore its new in­car­na­tion could get off the ground. Dyce-based 2M Power Sys­tems was forced to call in Blair Nimmo and Ge­off Ja­cobs, liq­uida­tors from KPMG. Mr Nimmo said the com­pany had ceased trad­ing and the that role of the liq­uida­tors was to hand over the keys to the premises at Kirkhill In­dus­trial Es­tate to the land­lord. The two liq­uida­tors will also be re­spon­si­ble for re­spond­ing to em­ployee ques­tions. The firm re­cently re­branded as 2M Group, say­ing that they were hop­ing for an an­nual turnover of £1.3 mil­lion. Owner Nick Gar­rett, who started the com­pany in 1983 with wife Sharon, re­fused to say how many jobs would be lost as a re­sult of the com­pany fold­ing. He also said that the firm had been “let down by a debtor”.

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