The leisure and beauty business founded by Scotland's former world bowls champion, Richard Corsie MBE, has gone into administration.

KPMG Restructuring were appointed yesterday as joint administrators of the Corsie Group, a week after the former Commonwealth gold medallist announced his resignation from the firm.

Founded in 1997, the Corsie Group employs 28 staff and produces a range of products from artificial grass, lawn bowling clothes, green tea and a breast enhancement gel.

Eight employees will be made redundant from the company, based in Haddington, near Edinburgh, which has an annual turnover of £3.9m.

There had been signs in April that the company was struggling after its shares were suspended. Other prominent executives had earlier resigned.

A statement from KPMG read: "The Corsie Group has suffered from cash flow pressures, due in part to difficult trading conditions and a write down in stock levels.

"The joint administrators are currently examining the company's affairs, although it is too early at this stage to confirm the likely outcome for creditors.

"Due to the current trading position and lack of available cashflow, the administrators have had no option but to make eight employees redundant with immediate effect."

Blair Nimmo, joint administrator and head of restructuring for KPMG in Scotland, said: "We remain hopeful that we can find a buyer for the business."