Specialist sports turf contractor Souters Sports Ltd has fallen into administration with the “majority” of its 47 staff made redundant.
Insider.co.uk reported that joint administrators Paul Dounis and Steve Ross of RSM Restructuring Advisory were appointed on 3 November.
Souters Sports have previously undertaken work at Ibrox
The company, which provided construction, reconstruction, drainage, aeration and maintenance services to sporting venues across the UK, employed 47 employees across its sites in Cumbernauld and Knutsford, Cheshire.
The report on Insider.co.uk says that increased competition from artificial pitches and “creditor pressure” forced the directors to call in administrators.
Joint administrator Paul Dounis is quoted saying, "Following a difficult trading position, measures have been taken to protect assets and maximise realisations for creditors through the administration process.
“Regrettably due to viability and the seasonality of work, we have had to make the majority of the work force redundant and we are assisting all employees with their claims.
“We have however retained a small number of employees to complete certain high-profile contracts and to assist the Administrators in their duties.
“The business has a strong pipeline of projects for next year and we would invite any interested parties to get in touch.”
Companies House records show Souter Sports accounts for the 2016 year to June have been overdue since 31 March.
Souters Sports website shows that the company had worked with high-profile sports facilities such as Glasgow Rangers' Ibrox stadium, Partick Thistle and West Kilbride Golf Club amongst others.