History
The company was formed in 1967 by the merger of Scotts Shipbuilding and Engineering Company and Lithgows.[1] Scott Lithgow was based in Port Glasgow and Greenock on the lower Clyde in Scotland. Scott Lithgow was nationalised and subsumed into British Shipbuilders in 1977.[1] Reorganisation of Scott Lithgow in 1981 saw all the assets of its subsidiary companies transferred under the direct operational control of Scott Lithgow.[1]
From 1980, the company became the centre of British Shipbuilders’ Offshore Division and it was hoped that the offshore semi-submersible market would lead the yard back to profitability. However the Ocean Alliance semi-submersible construction was a disastrous contract for the company, with the rig eventually delivered four years late and at a loss of over £200 million.[2]
In 1984 Trafalgar House bought the company and the Company ceased to trade in 1993.[1]
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Iolair being fitted out in 1982 -
Ocean Alliance under construction in 1986
