EDINBURGH information technology company Hutchinson Networks has fallen into administration, with 94 of its 109 staff made redundant with immediate effect.
Blair Nimmo and Alistair McAlinden of KPMG were appointed yesterday as administrators of the network solutions business, which serves blue-chip and small and medium-sized enterprise customers around the globe.
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Mr Nimmo said Hutchinson had been a “rising star in global IT network deployment”.
He added: “It had invested heavily for future growth and secured attractive contracts for the second half of 2019. Despite the exhaustive actions of the directors to increase sales, reduce costs and attract new investment, the business was unable to continue trading.
“We are exploring a sale of the business and assets and would encourage any interested parties to contact us as soon as possible.”
Hutchinson Networks was established in 2011.
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Mr Nimmo declared that the administrators were “working with Scottish Enterprise and Skills Development Scotland to provide a full range of support to the company’s employees throughout this process”.
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The administrators said the 15 employees who had been retained would help them to continue the network operation centre and provide multi-cloud platform services to customers, whilst a sale of the business and assets was explored.
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