Perth glass manufacturer Spectraglass has ceased trading after more than four decades in business, with all 29 of its staff made redundant.

The family-run company, based at the Inveralmond Industrial Estate, entered administration after what administrators described as a prolonged period of difficult trading, Scottish Business News reported on 10 November.

Administrators appointed

Michelle Elliot and Callum Carmichael of FRP Advisory were appointed joint administrators on 29 October. The firm said Spectraglass had been hit by rising costs and a marked fall in new business, which placed growing strain on its finances. A statutory notice of the appointment was published in The Gazette on 5 November.

FRP Advisory said its immediate priority was to support the affected workforce while managing the administration in the interests of creditors and other stakeholders. No buyer for the business has yet been announced.

Four decades of glassmaking

Spectraglass was founded in 1984 by Gordon Dow and supplied glass used to transport the millennium flame around Britain, as well as the Olympic flame during several winter and summer Games. The Scottish Sun also reported that the firm made the trophy for the BBC’s Mastermind programme for 15 years.

Its collapse adds to a growing list of long-standing UK manufacturers struggling with high energy costs and subdued demand.

Source: Scottish Business News; The Scottish Sun