Redmill Fabrication Limited, a Scottish family-founded engineering company based in Bathgate, West Lothian, has entered into a Members’ Voluntary Liquidation (MVL) after its directors opted to wind down the business.
The firm initiated the process after two attempts to sell the company proved unsuccessful, leading to the owner’s decision to retire.
The company, established in 1977, specialised in steelwork fabrication. Notably, Redmill Fabrication was contracted to produce “several steelwork fabrications to imitate features of Edinburgh buildings” for use in film studio settings during the production of “Trainspotting 2”, as confirmed by Highland Galvanizers. In 2024, the business employed six individuals, including its second director, Andrew Morris.
Owner John Miller explained the rationale behind the liquidation. He stated to The Herald: “We had been trying to sell the business for the last two and a half years and it fell through twice and I promised my wife that I would wind up the business to allow myself and Andy to retire.”
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Documents lodged with Companies House confirm the company’s resolution for a voluntary winding-up, with Richard Gardiner of Thomson Cooper appointed as liquidator. A Members’ Voluntary Liquidation is a formal process reserved for solvent companies, meaning they are able to meet all their financial obligations.
The directors of Redmill Fabrication Limited have made a “declaration of solvency,” indicating that all creditors are expected to be paid in full. This process involves the liquidator being “authorised to divide among the members either in specie or in kind the whole or any part of the assets of the company”.
This orderly closure comes amidst recent figures for company insolvencies in Scotland. The most recent statistics show that there were 98 company insolvencies registered in Scotland in February, marking a 5% decrease compared to the same period last year. This total comprised 50 creditors’ voluntary liquidations, 39 compulsory liquidations, six administrations, two receivership appointments, and one company voluntary arrangement.
