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Plant firm attracts buyers

The ailing civil engineering firm Nicolson Plant in Brae on the Shetland Islands is attracting interest from buyers.

London-based BDO Stoy Hayward were appointed join administrators after the 35 year-old was hampered by capital costs in relation to its financing and hire fleet renewal plans.

But BDO Stoy Hayward have confirmed that the company remains profitable and that a number of interested parties have been identified.

Three years ago Edmund Nicolson, the company’s founder, sold the business to a international consortium who wanted to use its land for red sandstone mining. In the end the plans fell through because the rocked proved to be of unsuitable quality.