Page last updated at 11:56 GMT, Tuesday, 15 September 2009 12:56 UK

Car interiors company up for sale

Car dashboard (generic)
The company makes dashboards, speedometers and temperature gauges

An East Dunbartonshire-based automotive company has gone into administration.

John McGavigan Ltd employs 135 people at its factory in Bishopbriggs, and produces dashboards and other interior design products for the car industry.

It has announced that 11 people will be made redundant, but the business will continue to trade as the administrators look for a buyer.

The firm said it had been affected by the overall declining demand in the automotive industry.

McGavigan, which is part of the US-based Advanced Decorative Systems Inc group, has an annual turnover of about £9m.

The company, which manufactures, assembles and supplies products such as dashboards, speedometers and temperature gauges, was established in 1922 and is a well-known name in its sector.

We hope to continue working with the company's suppliers, customers and its experienced workforce while a sale of the business is pursued
Blair Nimmo
KPMG

Blair Nimmo, head of restructuring for administrators, KPMG, said: "McGavigan is a well established company and a key supplier to many tier 1 manufacturers in the automotive sector.

"We hope to continue working with the company's suppliers, customers and its experienced workforce while a sale of the business is pursued."

He added: "Any interested parties should contact the joint administrators as soon as possible."

David Whitton, Labour MSP for Strathkelvin & Bearsden, said he was "bitterly disappointed" at the news that administrators had been appointed.

He added: "McGavigan has been part of the East Dunbartonshire economy for many years.

"I will be seeking an early meeting with Blair Nimmo from KPMG to discuss the chances of the business being sold on.

"Hopefully, the administrators will be able to find another buyer in order to save as many jobs as possible."



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