Administration

Administrators from Azets have finalised the sale of Bankhouse Care Home in Lesmahagow, Lanarkshire, to a Glasgow-based operator Bellerose Care Limited, for an undisclosed sum. The deal secures the ongoing care for 40 residents and preserves all 58 staff jobs, with employees transferring to the new

Inverness Caledonian Thistle's (ICT) former chairman and investor Alan Savage has tabled an £800,000 bid for a complete takeover of the football club. This move comes after the club entered administration last October due to significant debts, with administrators recently highlighting a "signi

Administrators overseeing the liquidation of Perthshire-based Hadden Construction Limited have revealed that unsecured creditors, owed millions, are unlikely to receive any funds. The company, which entered administration last September, resulting in 67 job losses, has amassed debts exceeding £

Unsecured creditors owed over £2.6 million following the collapse of Dundee textile firm Bonar Yarns Limited will receive a mere £31,000. The company, which produced yarn for carpets and artificial grass at Caldrum Works, entered administration in March 2023, citing "unsustainable cash f

North-east insolvency practitioner Michael Reid has been appointed administrator for an Aberdeen managed IT services provider. As a result of a submission to the Court of Session, Internet for Business Limited, which was established in 1995, appointed an administrator on Thursday, 20 February.

Henderson Loggie has facilitated the sale of the former site of Charles Henshaw & Sons Limited to Mandale Group. Henderson Loggie's head of business recovery & insolvency Shona Campbell, who oversaw the sale, was appointed administrator of Charles Henshaw & Sons in July last year.

Michelle Elliot and Callum Carmichael, partners at FRP Advisory, have been appointed joint administrators of Connect Modular Limited on 6 January.

The administration of Stewart Milne Group (SMG) and its subsidiaries has been extended by a further 12 months, until 8 January 2026. The Court of Session in Edinburgh approved the extension, requested by administrators Teneo, to allow for the sale of remaining assets and the conclusion of employment

A commercial judge has extended the administration period of a fashion retailer into its fifth year after a note was lodged by its administrators seeking an additional 12 months to resolve the remaining outstanding tasks of the administration. The joint administrators of PSL2021 Realisations Ltd, fo

Perthshire housebuilder Hadden Construction left hundreds of subcontractors and suppliers almost £7 million short when it collapsed into administration earlier this year.

Michelle Elliot and Callum Carmichael of FRP Advisory have secured a buyer for an at-risk spirits label manufacturer, saving 16 jobs. Ms Elliot and Mr Carmichael were appointed as joint administrators of Renfrew-based Spirit Label Solutions Limited on 8 November 2024.

James Stephen, Malcolm Cohen and Shane Crooks of BDO have been appointed joint administrators of Inverness Caledonian Thistle Football Club. Mr Cohen and Mr Crooks were previously involved in the liquidation of Rangers in 2012.

ISG plc is expected to follow its subsidiary companies by entering administration today. Six of the contractor's subsidiaries, including ISG Construction, applied to enter administration yesterday.

Harland and Wolff, which has two Scottish shipyards in Methil and Arnish, has confirmed it is faced with administration for the second time in five years and will appoint insolvency practitioners from Teneo. While 50 to 60 'non-core' staff are being made redundant, the board maintains a "credible pa

Joint administrators Ben Cairns and Jonny Marston from Alvarez & Marsal have been appointed to “wind down” the operations of Hadden Construction. The Perthshire housebuilder has fallen into administration with 66 members of staff being made redundant.