Teneo

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

Daniel Smith and Julian Heathcote of Teneo Financial Advisory Limited have been appointed joint administrators of Hostmore, which is the UK operator of TGI Friday's, after talks fell through to buy its US parent company.

Stewart Milne Group left creditors in the lurch with debts to the tune of a nine-figure sum at the time of its collapse, according to new documents filed at Companies House by administrators.

The Scottish Government has pledged to provide “every possible support” for those impacted by the collapse of Stewart Milne Group (SMG) while a union has threatened to take legal action against the company.

Aberdeen-based housebuilding firm Stewart Milne Group has collapsed into administration, with the immediate loss of 217 jobs.

Adele MacLeod, Gavin Park and Robert Harding of Teneo Financial Advisory Limited were appointed joint administrators of M&Co Trading Limited on 9 December 2022. This is the second time the business has entered administration. Scottish Financial News reported on M&Co's first adminis