Flooring firm IFT shuts with more than 40 jobs lost – Daily Business

IFT employed more than 40 staff who have been made redundant

A long-established family-run specialist flooring contractor headquartered in East Kilbride has ceased trading after its directors appointed administrators, with 43 employees made redundant.

George Lafferty of BTG was appointed administrator of Industrial Floor Treatments, which was renamed  Integrated Flooring Technologies, after the directors approached the firm to review the company’s financial position.

Established in 1985, and operating from sites in East Kilbride and Bishop Auckland in Co Durham, the business provided a comprehensive range of flooring systems and installation services for industrial, commercial and end-user clients across Scotland and the north of England.

The company had experienced ongoing cash flow difficulties driven by challenging market conditions in the construction sector, reducing margins and seasonal reductions in revenue.

IFT founder Jim Love

Thomas McKay, managing partner of BTG in Scotland and Northern Ireland said: “The construction sector in Scotland has faced increasingly challenging economic conditions in recent times, with tight margins, skills shortages and reduced tender opportunities putting pressure on contractors across the supply chain.

“Businesses operating in the sector are also particularly exposed to fluctuations in workload throughout the year, and these seasonal patterns can intensify cash flow pressures for firms already operating in a difficult market.

“Unfortunately, despite a great deal of support for the business by the directors over recent years, the financial position of the company deteriorated and meant that it was no longer able to continue its operations and was forced to cease trading.”

#Flooring #firm #IFT #shuts #jobs #lost #Daily #Business