The long-established Cupar steel fabrication business Houston’s has been officially wound up amid debts totalling almost £300,000.
A petition to wind up the business - whose operations were transferred to Dundee in 2013 - was granted at Dundee Sheriff Court this week to Robert Kay, landlord of the Cupar premises.
Mr Kay had sued Houston’s new owner, Hermann Twickler, for £480,000 in unpaid rent, resulting in the company, re-named PressureFab Subsea, going into liquidation.
Liquidator Matthew Purdon of Henderson, Johnston, Carmichael calculated the firm’s debts to creditors at £299,986 as part of a total deficiency of £303,219 and considered that there was no prospect of any of the 30 creditors getting the money they’re owed.
The biggest creditor was Gemini Corrosion Services of Montrose, which was owed £58,257.
Houstons, founded in 1927, operated for many years in Station Road, Cupar, before discount supermarket Lidl took over a large part of the site.
It was latterly owned by Andy Curran before being taken over by Mr Twickler and fabricated all types of components and structures for the renewables sector and the oil and gas industry.