A tiny office supply business on Shetland has closed its doors after being hit by the collapse in the oil industry.
Director Alan Blair called in liquidators at Shetland Office Supplies after the company suffered a “massive loss of business” following the downturn in the sector that had accounted for the majority of its income.
Mr Blair and two other employees of the firm were made redundant with immediate effect after Ken Pattullo and Kenny Craig of Begbies Traynor were appointed as joint liquidators.
The Lerwick-based firm supplied stationery, office equipment, IT and CCTV installations to the islands.
A meeting of creditors will be held at Begbies Traynor’s offices in Aberdeen on Friday 10 June.
Mr Patullo said: “The hardship that the contraction of the oil and gas sector has experienced is widespread in Scotland, and this is another very clear example of the very real knock on effects being felt right through the Scottish economy.”
Tiny firm forced to close due to oil price collapse
