Deadline for offers for stricken Ferguson Shipbuilders

Ferguson Shipbuilders Administrators have made 70 staff redundant at Ferguson Shipbuilders in Port Glasgow

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Administrators of Ferguson Shipbuilders have set a closing date for offers for the Port Glasgow firm after significant interest from prospective buyers.

Blair Nimmo and Tony Friar of KPMG said they had spoken to several parties who enquired about the possibility of recommencing work at the yard.

They have invited offers for the assets and business by 17:00 on Thursday.

About 70 staff were made redundant on Friday after the firm went bust due to a lack of orders and cash flow issues.

Encouraging interest

Joint administrator Mr Nimmo said: "We have been encouraged by the level of initial interest in, and support shown for, Ferguson Shipbuilders and we sense there is a desire to see its heritage maintained.

"By setting an early closing date we hope to establish whether it is possible to facilitate an early sale which may lead to the resumption of shipbuilding and ship repair activity at Port Glasgow in the short term."

The administrators said that if offers were received they would anticipate it would "take some time...to review the terms and conditions attached to offers before being able to select a preferred bidder".

McGill's buses owners, James and Sandy Easdale, said they would be submitting a bid.

In a statement, the brothers said: "We note the exceptionally tight deadline.

"We have our valuation team in the yard today and will hopefully be in a position to make a conditional offer tomorrow."

Originally formed in 1902, Ferguson Shipbuilders employed 77 staff at the time of the administration appointments.

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