Fife firm’s clo­sure ‘a dev­as­tat­ing blow’

The Courier & Advertiser (Dundee Edition) - - NEWS -

The clo­sure of a Fife dis­tri­bu­tion firm has been de­scribed as a “dev­as­tat­ing blow” for the area by ad­min­is­tra­tors af­ter 151 jobs at its Dun­fermline base were axed ear­lier this week.

Di­rec­tors of Palmer & Har­vey McLane Limited said they had no choice but to shut up shop on Mon­day af­ter be­ing hit by chal­leng­ing trad­ing con­di­tions.

They said they had been left with in­suf­fi­cient cash to con­tinue to trade be­yond the short-term, and no rea­son­able prospect of a sale.

Only 31 of the 182 staff em­ployed by the firm at Pit­reavie Busi­ness Park have been kept on, with the re­main­ing em­ploy­ees ex­pected to help joint ad­min­is­tra­tors from Price­wa­ter­house­Coop­ers (PwC) bring the busi­ness to an or­derly clo­sure.

Matthew Cal­laghan, joint ad­min­is­tra­tor and PwC part­ner, said: “The Palmer & Har­vey name has been a trusted part­ner for re­tail­ers and sup­pli­ers for nearly 100 years.

“This is a dev­as­tat­ing blow for ev­ery­one who has been in­volved in the busi­ness.

“The ad­min­is­tra­tion team will fo­cus on work­ing with em­ploy­ees, clients and sup­pli­ers to fa­cil­i­tate a smooth and ef­fec­tive wind-down or trans­fer of op­er­a­tions over the next few weeks.

“We will be cir­cu­lat­ing cor­re­spon­dence to all staff as soon as pos­si­ble which will out­line the sup­port avail­able to com­plete re­dun­dancy pay­ment forms.”

The sup­port of se­cured cred­i­tors means Novem­ber wages have been paid.

SNP MSP Shirley-Anne Somerville said: “I will be meet­ing with the Min­is­ter for Busi­ness, In­no­va­tion and En­ergy, Paul Wheel­house MSP, later this week to dis­cuss the sit­u­a­tion in West Fife and will seek fur­ther de­tails about what sup­port the PACE Team can bring to as­sist work­ers in the area.”

MSP Shirley-Anne Somerville.

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