Historic Scots engineering firm collapses resulting in all jobs axed

All 12 staff members were "unfortunately made redundant."12:11, 24 Jul 2026A historic Scottish engineering firm has collapsed into insolvency after more than four decades of trading. It has resulted in all staff members losing their job.‌Coatbridge-based Galino Limited officially entered administration on July 7. Documents on the Companies House website confirms David McGinnes and Judith Howson of AAB Business Tax & Advisory were appointed as joint administrators.‌Founded in 1981, the North Lanarkshire-founded firm was a leading manufacturer of industrial fastening tools and machine screw products. It served companies across various trades through the sale of pneumatic and hand tools.‌Read more: Supermarket opens first Dumfries branch after objections from Tesco and MorrisonsRead more: Bri