Based in Dalgety Bay, the company provides a full design, manufacture, instal and maintenance service for a range of industrial, commercial and public sector clients, including the Ministry of Defence.

The company also operates Lofthus Signs in Aberdeen, which specialises in engraving and vehicle graphics, and Jasmine, which provides a wide range of print, signage and creative display services and is also based in Aberdeen plus a satellite office in Peterhead.

The administration has been caused by serious cash flow problems stemming from rising operational costs. The business has now ceased trading and the assets will be marketed for sale.

As the business has ceased trading, 50 employees have unfortunately been made redundant and 2 retained to assist the administrators. The joint administrators will provide the staff with as much support as possible including making any claims with the Redundancy Payments Office and engaging with support agencies such as PACE.

Joint administrator Michelle Elliot 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.”