Page last updated at 15:46 GMT, Friday, 12 September 2008 16:46 UK

Jobs go as time called on 15 pubs

The company blamed poor trading conditions for the move

About 100 jobs are to go across Scotland as a management company which runs pubs has gone into liquidation.

Grangemouth-based firm CMC Management was granted voluntary liquidation by Falkirk Sheriff Court and announced the closure of 15 pubs.

The company blamed the closures on the credit crunch which has led to a significant downturn in trade.

The pubs affected are across the country, ranging from Nairn to Glasgow and Dumfries.

Maureen Leslie, of MLM Insolvency, who have been appointed to oversee the liquidation of the company, said: "It is our understanding that a general downturn in business after the smoking ban was introduced and the significant reduction in trade due to the credit crunch are the two main factors behind the business failing."

The 15 pubs which have been closed are:

• Buccaneer, Kirkcaldy

• Cathkin Inn, Rutherglen

• Cavern, Ayrshire

• Condorrat, Cumbernauld

• Gray Horse, Edinburgh

• Elizabeth Lodge, Glasgow

• Four Elements, Renfrewshire

• International, Glasgow

• Jolly Harvester, Dumfries

• Masonic Arms, Bonnybridge

• Meadows, Glasgow

• Monklands, Coatbridge

• Penny Farthing, Glasgow

• Stirling Arms, Dunblane

• Victoria Hotel, Nairn.

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