A total of 21 people have been made redundant following the collapse of a company famed for its colourful range of McCoo artwork, prints and merchandise.

The Ayr-based business Steven Brown Art Limited, which was founded in 2016, has ceased trading and the gallery and warehouse have closed.

All 21 staff have been made redundant with immediate effect.

The business had a turnover of £11.5 million and operated a gallery and warehouse in the town.

Tom MacLennan and Arvindar Jit Singh, partners with FRP Advisory LLP, have been appointed provisional liquidators.

They will shortly be selling the stock of artwork, prints and merchandise together with all other company assets such as vehicles, plant and equipment.  

Mr MacLennan, partner with FRP Advisory, said: “Steven Brown Art Limited became very well-known for its range of highly creative and engaging artwork based around the famous ‘McCoo’ brand.

"Although the company grew rapidly it had been suffering from serious cash flow problems and creditor pressure."

He added: "As such the only option was to place the company in liquidation.

“We will now be selling all the remaining stock and would encourage interested parties to register their interest.

"We will also work closely with the Redundancy Payments Service and other agencies to minimise the impact on the staff affected by the closure of the business”.

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