The company, which provides subsea and surface engineering services to the oil and gas industry, brought in administrators KPMG on 19 August.
As a result of going into administration, 21 employees have been laid off, leaving just two employees to help KPMG with efforts to find a buyer for the business.
“In 2015 CIE began to encounter a fall in client orders, as oil and gas operators began to cut costs and actively target reductions in both capital and operating expenditure,” the administrators said in a statement on Tuesday.
“With
