An independent courier business which operates in Angus has gone into liquidation with the loss of 16 jobs.
SGM Distribution, which has depots in Letham in Angus and Aberdeen and a fleet of 47 delivery vehicles, said it had experienced increasingly difficult trading conditions since expanding into the North East four years ago.
A statement from the firm said that the majority of employees – 51 members of staff – had transferred to a new employer.
Shona Campbell, MHA Henderson Loggie’s director of business recovery and insolvency, has been appointed as liquidator.
She said: “Although the courier industry has seen significant growth on the back of the rise in online shopping, it is a fiercely competitive market and undoubtedly tougher for operators covering rural areas with sparse populations.
“The failure of a business is hard for a community and I am pleased that we have managed to save a significant number of jobs.
“I am now focused on winding up SGM’s business affairs efficiently and ensuring that all workers that have unfortunately lost their jobs receive their full redundancy entitlements from the Government’s Insolvency Service.”
Established in 2006, SGM Distribution offered tailored same-day delivery service throughout the UK and counted national brands and local businesses among its customers.
