The makers of one of Scotland’s oldest and best-loved sweets have gone into administration, putting 103 jobs at risk.

New McCowans Ltd, which produces the Highland Toffee bar, has been losing money despite selling more than 140 million bars a year.

Administrators Grant Thornton took over the running of the company on Friday.

New McCowans has had a factory in Stenhousemuir, near Falkirk, since the 1900s.

A spokeswoman for Grant Thornton said it had received some expressions of interest in taking over the business.

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