Administrators say there has been an encouraging level of interest in the assets of a financially stricken Dalgety Bay firm.

Fifty people lost their jobs when Sign Plus Ltd plunged into administration a fortnight ago due to "serious cash flow problems stemming from rising operational costs".

The business immediately ceased trading and the assets were marketed for sale and the joint administrators, Michelle Elliot and Anthony Collier from FRP Advisory, provided a more positive update yesterday (Wednesday).

A spokesman said: “There has been an encouraging level of interest in the assets of Sign Plus.

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"The assets, which include plant, equipment, vehicles and intellectual property, will be sold either in whole or in part, and the joint administrators are encouraging any other interested parties to contact the Glasgow office of FRP Advisory as soon as possible.”

Sign Plus, based at Ridge Way on Hillend Industrial Estate, opened in 1992 and is an award-winning supplier of signs for a wide variety of markets and clients, including the Ministry of Defence.

It was bought by the PFI Group in 2017.

Sign Plus also operates two companies in Aberdeen and Peterhead, Lofthus Signs which specialises in engraving and vehicle graphics, and Jasmine, which provides a wide range of print, signage and creative display services.

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There were 21 people made redundant at the Dalgety Bay office with a further 29 people, who were based in Aberdeen and Peterhead, also losing their jobs.

Two members of staff were retained to assist the administrators.

Inviting interested buyers to get in touch, Ms Elliot had said: “Sign Plus and its specialist divisions, Lofthus Signs and Jasmine, are long-established and highly regarded end-to-end suppliers of commercial design, print, graphics and visual branding solutions.

"The business has been adversely affected by rising operational costs and unsustainable financial problems with administration being the only option.”