Firm forced to close
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”.