Liquidation

Accountancy firm Wbg has advised shareholders planning on using business asset disposal relief (BADR) through a members voluntary liquidation (MVL) process to consider acting sooner rather than later as the likelihood of a bump in capital gains tax (CGT) rises. The advice follows figures from the Of

Shona Campbell of Henderson Loggie has been appointed liquidator to Forfar care home Lochbank following its closure after its registration was cancelled by the Care Inspectorate. The closure follows an inspection report in April that labelled key areas of operation as "weak". Lochbank's 32 staff and

Michael J M Reid of MHA in Aberdeen has been appointed liquidator for a Buckie-based machinery supply company.

The Oban Phoenix Cinema, a community-owned cinema with a history dating back to the 1950s, has entered provisional liquidation and is urgently seeking a new buyer

Scotland recorded 109 company insolvencies during the month of April, a 4% year-on-year decrease, according to The Insolvency Service. These included 48 compulsory liquidations, 59 creditors' voluntary liquidations (CVLs), and 2 administrations. This puts the overall insolvency rate in Scotland for

Kellwood Engineering, a Dumfries-based precision machining and fabrication company trading for almost 40 years, has had to close its doors with the loss of 27 employees. The director of the company, James Maitland, has appointed Donald McKinnon of Wylie & Bisset, Accountants and Business Advisor

Company insolvencies in Scotland have gone up 11% year-on-year, as 115 company insolvencies registered were registered during March 2024. This was comprised of 44 compulsory liquidations, 62 CVLs, and 9 administrations. There were no CVAs or receivership appointments.

Quantuma's Edinburgh and Glasgow-based managing directors and insolvency practitioners, Craig Morrison and Ian Wright, have been appointed joint liquidators to Arbroath-based Royal Oak Tree Services Ltd. The single site Royal Oak Tree Services was established in 2019 and employed a team of seve

Richard Oddy and Blair Milne of Azets have been appointed joint provisional liquidators to Hayden Chilled Limited after a winding-up petition was presented by the company's director. The appointment was made on 11 March 2024 after the refrigerated haulage firm based in Annan, Dumfriesshire, cea

  Company insolvencies in Scotland rose by 9% during February compared to the previous year, totalling 94 cases, according to data from the Insolvency Service.

Blair Nimmo and Alistair McAlinden from Interpath Advisory have been appointed joint provisional liquidators to J S Crawford Contracts (Borders) Limited. The Melrose-based construction company, operational since 1946 and specialised in residential house building, faced severe financial strain due to

Turriff-based Neil Murray Housebuilders has entered liquidation, resulting in the loss of 20 jobs. Following closely on the heels of the closure of Stewart Milne Group, the firm ceased trading in September last year.

Greenock-based bathroom supplies business Ware With All has succumbed to financial woes, resulting in nine job losses.

Glasgow and London-based design studio Carson & Partners has decided to wind up the business following a series of setbacks.

Glasgow-headquartered housebuilder Merchant Homes Partnerships has ceased trading, making 22 employees redundant. Established in 2007 by a highly experience team to provide quality housing, incorporating innovative design, the company is well known and respected in the construction industry, providi