Ballantines trading profitably

Ballantines Foundry, Bo'ness

Ballantines Foundry, Bo'ness

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The family-run Ballantines Iron Foundry and Creative Ironworks, Bo’ness, which lurched into administration on September 11 after 250 years of business is still continuing to trade profitably, according to joint administrator James Stephen of BDO.

According to rumours within the workforce and heard by the Journal and Gazette , the business was to close on December 20 - the joint administrators deny that there are any such plans.

Mr Stephen added: “The assertion that Ballantines will close on December 20 is simply false and misleading.

“We are still in talks with three interested parties and these parties are currently reviewing information we have submitted to them in respect of the possible successful continuation and transfer of the business.”