A SCOTS manufacturing firm have gone into I administration, with the loss of 46 jobs. Livingston's LD Holdings and subsidiary Laidlaw Drew design and install combustion systems for the glass, metallurgical and process industries worldwide. But the company, established 79 years ago, have been hit hard by fierce competition and adverse exchange rate movements in recent years. With an annual turnover of £4.3million, the firm employed 55 people. The remaining nine workers will continue to assist joint administrators Blair Nimmo and Gary Fraser, of KPMG Corporate Recovery, in realising the maximum value from the business and its assets. Nimmo said: "It is disappointing that we have not had time to consider some form of restructuring of the business aimed at avoiding administration. "But we welcome any party who may have an interest."
