By Scott Wright Deputy Business Editor Herald
A CAMPBELTOWN wind tower manufacturer, which served the onshore and
offshore energy sectors, has collapsed into administration after succumbing
to deteriorating market conditions.
CS Wind (UK) Limited, based at the Machrihanish Business Park was founded
in 2016 following the acquisition of Wind Towers (Scotland) Limited, which
at the time was the only UK factory producing onshore and offshore wind
tower systems.
However in recent years it had seen contracts and revenue decline amid
worsening market conditions, administrators at FRP Advisory said. A managed
wind-down took place during 2020, with the factory effectively mothballed
in the spring of last year.
While it is understood that the factory used to employ around 130 people,
all staff have now either left or have been made redundant.
The most recent accounts for CS Wind (UK) indicate that its immediate and
ultimate parent company is CS Wind Corporation, which is incorporated in
Korea.
Joint administrators Michelle Elliot and Tom MacLennan of FRP are now
marketing the company’s assets for sale. The assets include plant and
machinery and a residential property in 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.”
Doubts about the future of the company emerged in August last year, when
The Herald reported that Highlands & Islands Enterprise had blocked the
removal of plant from the Machrihish factory. HIE, which had provided
grants of £3 million to the company, took action to “protects its
investment” and ensure the factory could continue to operate.
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