{"id":87334,"date":"2026-02-13T09:06:48","date_gmt":"2026-02-13T12:06:48","guid":{"rendered":"https:\/\/shipping.einnews.com\/article\/892047560"},"modified":"2026-02-13T09:06:48","modified_gmt":"2026-02-13T12:06:48","slug":"all-jobs-lost-following-collapse-of-shipbuilding-firm-based-on-isle-of-lewis","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/13\/all-jobs-lost-following-collapse-of-shipbuilding-firm-based-on-isle-of-lewis\/","title":{"rendered":"All jobs lost following collapse of shipbuilding firm based on Isle of Lewis"},"content":{"rendered":"

All jobs have been lost at a Scottish shipbuilding firm based on the Isle of Lewis.<\/strong><\/p>\n

Coastal Workboats Scotland Ltd brought shipbuilding back to Stornoway for the first time in a century in 2023.<\/p>\n

The company signed a ten-year lease agreement with Stornoway Port Authority in November of that year to relocate its fabrication business from England.<\/p>\n

The shipbuilder received \u00a36.2m backing from the UK Government to build a UK-first fully electric inter-island workboat supported by a shore-powered storage station.<\/p>\n

The firm also received \u00a3167,000 from the Highland and Islands Enterprise to fund robotic welding equipment to build and support its E-LUV project.<\/p>\n

They employed five staff and aimed to create 20 more jobs through shipbuilding projects, with five vessels remaining unfinished.<\/p>\n

Administrators from FRP Advisory said the company suffered \u201cfinancial challenges through last year, in part due to design issues and supply chain delays\u201d.<\/p>\n

These issues are said to have impacted progress on vessel build timescales and placed \u201cconsiderable pressure on the company\u2019s cashflow\u201d.<\/p>\n

Documents read: \u201cThe company operated a boat-building business from a leased shipyard on Goat Island in Stornoway, Isle of Lewis.<\/p>\n

\u201cAt the date of the appointment (of administrators), it employed a total of five staff and had various shipbuilding contracts under way including contracts agreed in early 2022 to build two Landing Utility Vessels with Damen Hardinxveld.\u201d<\/p>\n

Michelle Elliot, partner at FRP and joint administrator of Coastal Workboats Scotland Limited, said: \u201cCoastal Workboats Scotland Limited operated in a highly specialised and capital-intensive sector and faced a combination of technical, commercial and funding challenges.<\/p>\n

\u201cOur immediate priority has been to support affected employees and to maximise realisations from the Company\u2019s remaining assets in order to achieve the best possible outcome for creditors.\u201d<\/p>\n

A spokesperson for Stornoway Port said: \u201cThe Port are aware that our tenant, Coastal Workboats Ltd, has entered administration and we are currently engaging constructively with the appointed administrators.\u201d<\/p>\n

An Innovate UK spokesperson said: \u201cInnovate UK is a responsible steward of public funds. Innovation is inherently risky, and new technologies, markets and businesses can fail.<\/p>\n

\u201cWe will act responsibly as necessary in this case.\u201d<\/p>\n

A spokesperson for Highlands and Islands Enterprise (HIE) said: \u201cWe are aware of the current situation at Coastal Workboats and have been in close contact with the company regarding its future.<\/p>\n

\u201cWe are also working with the administrators to help secure the best possible outcome for public funds.<\/p>\n

\u201cDiscussions are ongoing, and we are unable to comment on specific details until outcomes are agreed.\u201d<\/p>\n

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<\/a><\/strong> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

… Workboats Scotland Ltd brought shipbuilding<\/span> back to Stornoway for … business from England. The shipbuilder<\/span> received \u00c2\u00a36.2m backing … 20 more jobs through shipbuilding<\/span> projects, with five vessels … staff and had various shipbuilding<\/span> contracts under way including …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-87334","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/87334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=87334"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/87334\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=87334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=87334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=87334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}