UK family-run engineering firm crashes into liquidation after 92 years - four generations
Reach Daily Express February 28, 2026 02:39 AM

A Scottish family-owned engineering firm has collapsed into liquidation after operating for nearly 100 years. Tullibardine Smiddy Limited has been in the family for four generations, but the owners decided that "the company be wound up voluntarily", with George Lafferty of Begbies Traynor appointed as liquidator.

Companies House notes the business as performing jobs including the repair of fabricated metal products, the wholesale of agricultural machinery, equipment, and supplies, and other engineering activities.

In 2022, the company underwent a rebrand, changing its name from Robert Aitken and Sons to Tullibardine Smiddy Ltd. It was reported at the time that the chairman, Craig Aitken, said the business, which has been operating for 92 years, has "always been about having a chat and understanding the customers' needs".

The company was also known for supporting local farmers within the Perthshire and Kinross region since 1934, while specialising in blacksmithing and agricultural engineering.

According to The Herald, Tullibardine Smiddy Ltd is now in a "members' and creditors'" liquidation process. The liquidation comes amid thousands of closures happening across the UK.

The Accountant in Bankruptcy, Scotland's insolvency service, states that members' voluntary liquidation applies when a company is 'solvent' or able to pay its debts in full, but the owner would like to retire, "step down from the family business, and no one else wants to run, not run the business anymore or restructure the business".

A creditors' voluntary liquidation is a process in which a company director can ask shareholders to put an insolvent company into liquidation.

According to The UK Insolvency Service, January 2026 saw 74 company insolvencies registered in Scotland, including 42 creditors' voluntary liquidation where businesses were unable to pay their debt.

*** Ensure our latest news headlines always appear at the top of your Google Search by making us a Preferred Source. Click here to activate or add us as Preferred Source in your Google search settings. ***

© Copyright @2026 LIDEA. All Rights Reserved.