Sandy McCracken & Son has made 60 staff redundant after calling in provisional liquidators last Friday (22 August).
McCracken, which ran 45 trucks and 55 trailers, called in MLM Insolvency to investigate if it could continue operating and find a buyer, or whether it would have to go into liquidation.
MLM partner Maureen Leslie says: "Sandy McCracken is still operating its biggest accounts and we are talking to some interested parties about selling the business which includes
a 5.5-acre yard two miles off the M74.
"We were called in because a combination of the fuel price rises, a downturn in the construction sector (which had meant that eight tippers had been unused for six weeks) and the credit crunch had caused a cash crisis."
Leslie adds that most of those made redundant were drivers.
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