Mr Meldrum, who has been working in the Scottish insolvency market for 17 years, joined Azets in 2022 as an associate director, was then promoted to director in July 2023. He is also chair of the R3 Glasgow and West of Scotland Insolvency forum and is a member of the R3 Scotland committee.

Since joining Azets, Mr Meldrum has played a key role in several high-profile insolvencies including the administrations of the Bon Accord and Antonine shopping centres; the administration of MHA Auchlochan – a retirement community and care home business in South Lanarkshire; and the administrations of a Glasgow City Centre hotel group.

Mr Meldrum specialises in advising a range of professional advisors and stakeholders and will now assume a leadership position in shaping the strategy and management of his appointments.

Commenting on his appointment, Mr Meldrum said: “I am delighted to have obtained my licence which will now enable me to accept insolvency appointments.

“I have gained an enormous amount of experience during the last 17 years, particularly during the last two years with Azets which has grown to become one of Scotland’s leading firms in the insolvency sector.

“I am very much looking forward to progressing my career further within Azets and continuing to advise those businesses in the Scottish market that require assistance, particularly during a period where so many are experiencing financial distress owing to a range of economic factors.”

Blair Milne, head of restructuring and insolvency in Scotland, added: “David has been a terrific addition to the Azets Restructuring and Insolvency team. He has progressed rapidly over the past couple of years and is a major asset to our team.

“He has demonstrated his ability to manage a growing portfolio of cases, including some of the highest profile and most challenging insolvency appointments in the Scottish market during his time with Azets.

“Securing his insolvency licence is well-deserved and we wish David every success in his new role.”