North Electrical Services (NES) is planning a major expansion of Scottish operations in a move expected to create nearly 200 jobs over the next five years.
The Moray-based firm has more than quadrupled its permanent workforce across operations in Elgin and Inverness to 60 since setting up in 2012, while it also provides work for the existing workforce and seek new projects.”
NES’s services include industrial and commercial electrical installation and maintenance, as well as control and instrumentation work, electric motor repairs and a variety of other projects at schools, offices, commercial premises, distilleries and fish processing plants.
The firm has taken on three administration staff, an estimator and four new apprentice electricians this year. It now has 15 apprentices on its books.
Inverness, Nairn, Badenoch and Strathspey MP Drew Hendry said: “NES is a great success story, growing from a small company to one with 60 employees and with ambitious plans to develop significantly in the next five years.
“The fact growth has been driven by a desire to create opportunities for young people ... makes the achieved and planned progress even more commendable.” 31 at Westhill and 19 in Fife.
FRP Advisory, which will be marketing the assets for sale, blamed rising costs and falling margins, leading to unsustainable cash flow issues.
Mr Fraser added: “Unfortunately, the financial issues facing the company could not be resolved and administration was the only option.
“We will work closely with all agencies such as the Redundancy Payments Office to ensure employees receive every support and assistance at this very difficult time.”
Founded in 2003, XBS worked with clients including Trump International Golf Links, Network Rail, St Andrews University and William Grant and Sons.