The firm was the subject of a petition from HMRC to Airdrie Sheriff Court for the firm to be wound up by the court, with a liquidator appointed, reports The Herald. 

Steven Wright from Dains has been selected as the interim liquidator to the company.

Liabilities of £182,000 were shown in the firm’s most recent available accounts. 

New figures reveal that in September this year, there were 117 company insolvencies registered in Scotland, which is 14% higher than the amount in September last year.

Michelle Elliot, restructuring advisory partner at FRP, said: “Financial pressures are beginning to catch up with businesses that have spent months fighting to protect their bottom lines.

“Higher operating costs, squeezed margins and unpredictable demand have left some firms with little financial headroom.”

Elliot added: “Against this backdrop, even a relatively small setback can be enough to push an already vulnerable business into difficulty.

“In the lead-up to the autumn Budget, firms will want to come away with greater certainty around the economic outlook and the cost of doing business.”