Courier group SGM Distribution has gone into liquidation with the loss of 16 jobs.
The firm with depots at Letham in Angus and Aberdeen and a fleet of 47 vehicles had suffered from difficult trading conditions since expanding into the north-east four years ago.
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An unnamed firm has taken on 51 of the employees. Established in 2006, SGM Distribution offered tailored same-day delivery service throughout the UK and counted national brands and local businesses among its customers.
Shona Campbell, MHA Henderson Loggie’s Director of Business Recovery & Insolvency, has been appointed as liquidator.
She said: “Although the courier industry has seen significant growth on the back of the rise in online shopping, it is a fiercely competitive market and undoubtedly tougher for operators covering rural areas with sparse populations.
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“The failure of a business is hard for a community and I am pleased that we have managed to save a significant number of jobs. I am now focused on winding up SGM’s business affairs efficiently and ensuring that all workers that have unfortunately lost their jobs receive their full redundancy entitlements from the Government’s Insolvency Service.”
