CS Wind UK files for administration

4C Offshore | Tom Russell
By: 08/09/2021 FRP Advisory
CS Wind (UK) Limited, a manufacturer of wind turbine towers in Argyll, Scotland, has filed for administration.

Located at the Machrihanish Business Park near Campbeltown, the site was previously owned by Wind Towers Scotland. The facility was purchased by South Korean company CS Wind in April 2016 with the aim to establish it as the first facility in the UK that can manufacture towers for offshore wind turbines.

In recent years, CS Wind (UK) had seen a decline in contracts and revenue. As a result, CS Wind (UK) began a managed wind down during 2020 and was effectively mothballed in the Spring of 2020. The company was unable to secure new contracts and all staff have now either left or been made redundant.  

The Company’s directors decided to place the business into administration and appoint Michelle Elliot and Tom MacLennan, partners with FRP Advisory, as joint administrators, who will now market the assets for sale, including various plant and machinery and a residential property in the heart of Campbeltown, which had been used by management for accommodation.

Commenting, joint administrator Michelle Elliot said: “CS Wind (UK) and its predecessor businesses have a long tradition of designing, manufacturing and supplying high quality wind tower solutions to clients across the UK and Europe.  The wind tower industry has hence had a significant presence in Argyll for many years, but market conditions have unfortunately resulted in the business being unsustainable and with no immediate prospect of recovery."