Edinburgh production and facilities company Waterside Television has gone into liquidation resulting in the loss of around 17 jobs, writes Ian White.
The company, which majored in corporate and commercials work, broke the news to employees last Friday when the liquidators came in. A small number of staff have been kept on to finish a couple of projects but the rest were immediately asked to clear their desks and leave the company.
Waterside's creative director Hamish Allison said the closure was a result of a drop in the work coming from advertising agencies. "Basically the downturn in advertising has hit us in facilities and in production".
Allison would not comment on how much the company owed. The liquidator overseeing the winding up of the business is Edinburgh-based Tom MacLennan. The move is another blow for the city's facilities industry.
Waterside, equipped with audio and video post suites, as well as a large studio, is the latest in a string of facilities operations, including Picardy Media, Digital Facilities and Avatar, to have closed in Edinburgh this year.
Waterside's credits include Pam Ann's Mile High Club for Channel 4's Comedy Lab, produced by Angel Eye Scotland, and the BBC's Songs of Praise for Tern Television.