A pharmaceuticals plant in Dumfries and Galloway has entered administration with the immediate loss of 30 jobs.
Arvindar Singh-Sall and Jeremy Willmont of Moore Stephens LLP were appointed as joint administrators to Bakhu Pharma Limited, which operated the plant.
A statement on the company’s website said: “The affairs, business and property of the company are being managed by the joint administrators who act as agents of the company without personal liability.”
30 staff have so far been made redundant from the site at Newbie, near Annan.
The site has changed ownership on several occasions in recent years until Bakhu pharmacy took ownership in June 2011, after the plant entered administration earlier in the year.
Previous owner Indian-owned Shasun Pharma had announced plans to close the site in October 2008, due to falling demand for its main product.
Wirral-based Phoenix Chemicals stepped in to buy the site a year later with a £400,000 grant from the Scottish government, and reopened it in 2010.
Bakhu Pharma acquired the former Phoenix Chemicals site at Newbie with funding from the UK and Singapore.
Founded in March 2011 two months after Phoenix entered administration, Bakhu Pharma is headed by Colin Leece, who had previously been the chief executive for Phoenix Chemicals, alongside Dr Lee Proctor who was a director at the same firm.
By John Brazier