For the second time in five years, the parent company of the shipyard in Belfast, Northern Ireland, will enter administration, with Royal Navy contracts in the balance.

The crisis at Harland & Wolff reached a head on Monday when the shipyard revealed it would likely enter administration later this week.

Harland and Wolff, the shipbuilders of the Titanic, are facing administration again. Discover the challenges the company is currently facing and the potential impact on its workforce.

Hundreds of Scottish workers face uncertainty as the Belfast-based shipbuilder Harland & Wolff goes into administration for the second time in five years. Two of the company's four UK sites are in Scotland - at Arnish on the Isle of Lewis and Methil in Fife.

The company secured a $25m emergency cash injection in July from its lender, Riverstone Credit Partners, which is being used as working capital. H&W said it is currently in discussions with several parties to secure interim funding to support the business while adviser Rothschild & Co assesses strategic options for the group.

Harland & Wolff said on Monday it plans to appoint administrators in the coming days as the company known for building the Titanic struggles with a debt crisis.

The Belfast-based group said a review found that Harland & Wolff group, its holding company, was insolvent and administrators will be appointed later this week.

Struggling British shipbuilder Harland & Wolff said on Wednesday its Chief Financial Officer Arun Raman has resigned with immediate effect.