Glasgow’s Ritchies HGV Training enters administration under FRP
Michelle Elliot and Callum Carmichael of FRP Advisory, have been appointed joint administrators to Ritchies HGV Training Centre Limited manage its administration.
Regrettably, 36 employees have been made redundant. The joint administrators were appointed on 24 May 2024 and are exploring a marketing process for the business and its assets including vehicles, plant machinery and the site.
Founded in 1983, the Glasgow-based company specialised in training HGV drivers for the haulage industry and construction plant and forklift operators. Clients included private individuals, district councils and utility companies.
Joint administrator and partner at FRP Michelle Elliot said: “Ritchies HGV Training Centre Limited was founded more than 40 years ago after the owner decided to use his own driving experience to train others.
“Unfortunately, due to the ongoing downturn of the construction sector and struggling to recover post-pandemic, the company was no longer able to meet its financial obligations. After the director’s exhausted all other options, they took the difficult decision to put the Company into administration.
“We’re now focused on helping impacted staff access support from the redundancy payments service and are working with support agencies such as PACE while we market the assets of the business for sale.”