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CS Wind (UK) Limited’s assets are to be sold off as the company has been placed into administration.
In 2016, CS Wind (UK), a subsidiary of the global wind turbine tower manufacturing group, purchased the wind towers factory at Machrihanish Airbase Community Company Business Park.
With partners, it invested in its upgrade capability from manufacturing onshore to offshore wind turbine tower sections which it successfully did from 2018 to late 2019, delivering towers from the upgraded Campbeltown Harbour deep water quay.
In recent years, despite the UK claiming to have the largest offshore wind market in the world, CS Wind (UK) suffered a decline in contracts and revenue.
As a result, the company began a managed wind-down during 2020 and was effectively mothballed in the spring of that year.
The business was unable to secure new contracts and all staff have now either left or been made redundant, resulting in the loss of 94 full-time positions and many more in the supply chain.
With no prospects of any recovery in the market, the company’s directors decided to place the business into administration.
‘The confirmation that CS Wind (UK) has not been able to secure contracts for any of the UK’s many offshore projects is very disappointing and demonstrates that further policy support is needed for UK manufacturing operations,’ said MACC chairman Cameron McNair.
‘The Kintyre community has worked hand-in-hand with the operators of the factory well over the years and we look forward to working with the administrators, Highlands and Islands Enterprise and the Scottish Government to find a viable and prosperous future for this very capable site.’
Michelle Elliot and Tom MacLennan, partners with FRP Advisory, have been appointed joint administrators of the business.
They will now market the assets for sale, including various plant and machinery and a residential property in the heart of Campbeltown that had been used by management for accommodation.
Ms Elliot said: ‘CS Wind (UK) and its predecessor businesses have a long tradition of designing, manufacturing and supplying high quality wind tower solutions to clients across the UK and Europe.
‘The wind tower industry has hence had a significant presence in Argyll for many years, but market conditions have unfortunately resulted in the business being unsustainable and with no immediate prospect of recovery.
‘We will now move to market the assets of the business for sale and would urge any interested parties to contact the FRP Advisory office in Glasgow as soon as possible on 0330 055 5455.’