Kim Rayment, Ian Gould and Bryan Jackson of BDO will lead the administration of Railcare, which employs approximately 500 staff based in Springburn and Wolverton.
BDO said that despite the difficult conditions it was “hopeful of securing a sale”.
“Unfortunately, the economic climate and difficult trading conditions significantly affected the business, together with reduced demand”, said Rayment. “Depending on customer requirements, the company may continue to trade whilst this is explored.”
According to trade union RMT a planned takeover by a German company had collapsed, and talks with another potential buyer had also failed.
PwC has been appointed as administrator of Scottish engineering and machining firm Anderson Precision Gearing (APG), based in Motherwell.
Bruce Cartwright and Alan Brown of PwC were appointed and have taken the decision to cease trading, leaving 38 jobs in danger. The remaining 44 employees have been kept on in the meantime.
Brown said, “From our initial review of the businesses, it was clear that it would not be possible to continue to trade, nor was there sufficient interest in acquiring the business or assets as a going concern.”
He added PwC wants to ensure an “orderly wind down of the company”, while keeping all parties up to date.