The Elite Ayrshire Business Circle

The Elite Ayrshire Business Circle

Wednesday, 14 November 2007

£2.1m takeover saves 119 Hunslet-Barclay
engineering jobs in Kilmarnock

GOOD news on the Ayrshire employment front as 119 workers at Hunslet-Barclay Limited in Kilmarnock breathe a sigh of relief that their jobs are saved in time for Christmas.

Hunslet-Barclay is a long established railway engineering business, specialising in the refurbishment and repair of rail vehicles and related components. It has a substantial customer-base, and has carried out work for First Scotrail and Glasgow Underground.

On 26 October the company was placed into administration after cashflow difficulties ultimately forced the directors to appoint Blair Nimmo and Tony Friar from KPMG Scotland as joint administrators.

But now the joint administrators of Hunslet-Barclay Limited are pleased to announce a successful £2.1 million sale of the firm’s business and assets to engineering giant FKI plc. FKI will run the business through its rail locomotive firm Brush Traction.

KPMG's Blair Nimmo said the sale would secure 119 jobs and see the business continue to trade from the Kilmarnock site.

The sale secures 119 jobs and will see the business continue to trade from its existing site in Kilmarnock.

Blair Nimmo said:“We are pleased to have completed a sale of the business and assets of Hunslet-Barclay Ltd, which secures the continuation of the business and skilled jobs in Scotland and represents a good result for the employees.

“We would like to thank the customers, suppliers and above all the staff for their support through what has been a difficult period for all. We believe today’s deal will enable the business to continue to grow under the new owners and would like to wish them every success for the future.”

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