The provisional liquidators at a Kelso company that has had to make its 80-strong workforce redundant, say hope for the firm stems from the talent of its workers.
Business Advisory firm Alix Partners have been brought in as potential liquidators at Borders Precision.
Partner Robin Knight told ITV Border that liquidation proceedings have not begun.
Berwickshire, Roxburgh and Selkirk MP Calum Kerr says he's hopeful "something could be rescued" at a Kelso firm that has laid off 80 workers.
He met Borders Precision Engineering's provisional liquidators with South of Scotland MSP Paul Wheelhouse, to discuss the future of the company, and its staff.
Last Tuesday the company announced 80 members of staff were to be made redundant at short notice, with a week's pay.
Following talks with the provisional liquidators, Kerr says they told him there has been some interest regarding a potential takeover of the firm.
A number of the employees have been asked back to help fulfil contracts with important customers, while attempts to find a buyer take place:
Borders Precision Engineering specialises in the production of high quality components for industries including the aerospace and military sectors.
Workers who lost their jobs when a Kelso engineering company went into liquidation are being offered redundancy support.
A session with Skills Development Scotland is taking place today, 7 July, in Tait Hall, Kelso, from 1pm to 4pm.
Eighty staff from Border Precision Engineering were made redundant last week.
Staff at a Borders engineering firm that are facing redundancy are being offered support by the Scottish Government.
79 workers were told to go home from work earlier this week, after Border Precision Engineering went into liquidation.
An event is being held for them in the Tait Hall in Kelso on Tuesday (7th July) between 1pm-4pm, where they can find out more about their options and support available to them.
SNP MSP for South Scotland, Paul Wheelhouse says:
Calum Kerr has responded to the news that Borders Precision Engineering, in Kelso, has gone into liquidation.
Up to 80 staff have lost their jobs following the collapse of the company.
The MP for Berwickshire, Roxburgh and Selkirk said the closure was a 'big blow' to the region.
An engineering firm in the Scottish Borders has been saved from administration after a management buyout.
Borders Precision Engineering has been bought out by twenty local investors who have committed a six-figure sum to keep the company in business, and 80 jobs have now been saved.
The Kelso firm was founded in 1976 and produces medical instruments and parts for the military.
Several employees were laid off when the company entered administration in January.