Hutchinson Networks who provide computer support and services to businesses around the world has called in the administrators.
KPMG have been assigned administrators and they said there was “no other option” than to make 94 out of the 109 employees redundant with immediate effect.
The 13 employees remaining will be retained by KPMG until a buyer is found.
Blair Nimmo of KPMG said, “Hutchinson Networks was a rising star in global IT network deployment.
“It had invested heavily for future growth and secured attractive contracts for the second half of 2019.
“Despite the exhaustive actions of the directors to increase sales, reduce costs and attract new investment, the business was unable to continue trading.
“We are exploring a sale of the business and assets and would encourage any interested parties to contact us as soon as possible.”