Adastra Access, specialist supplier of mastclimbing work platforms and suspended cradles, is now in administration
Adastra Access ceased trading earlier this month after Blair Nimmo and Alistair McAlinden were appointed joint administrators.
38 people at the Glasgow-based firm have been made redundant, with 2 remaining in the short term to assist the administrators.
Until recently, the company operated across multiple sectors
Adastra Access provided suspended cradles and mast-climbing work platforms to contractors working across the commercial and residential sectors, including construction, maintenance and refurbishment and maritime transport construction.
They were also an approved IPAF Training Centre.
According to their website, the firm had a 400-strong fleet of custom-built work platforms, with a specialist access division servicing suspended cradles and monorail systems.
Their most recent accounts filed showed a profit before tax of £770,000 in 2021 on sales of £5.4m.
Previous projects which used Adastra’s equipment include Central Quay, Motel One and Cathcart House in Glasgow, GEIC and the Graphene Building in Manchester and on Bank Street in London, to name a few, as well as works in Birmingham, Leeds and Newcastle.
Adastra Access could not survive difficult economic conditions
Joint administrator Blair Nimmo said: “The collapse of Adastra Access is another indicator of the challenges and economic headwinds currently facing the Scottish and UK construction sector and in particular, subcontractors.
“The directors fought hard to save this business, but it was ultimately impossible to mitigate the impacts of labour shortages, rising costs and delays to customer projects.”
Alistair McAlinden, head of Interpath Advisory in Scotland and joint administrator, added: “Our priority is to assist those members of staff who have been made redundant, providing them with the information and support they need to claim their statutory entitlements, as well as to support the directors and ultimate owners, for whom this is also a very difficult time.”
