Administration

The number of companies in Scotland filing for administration has hit its highest Q1 rate since before COVID-19, according to figures from Interpath Advisory.

Richard Bathgate and Graeme Bain of Johnston Carmichael, joint administrators of Balgownie Limited and Balgownie Rentals Limited, have sold the 117-year-old business and assets of both companies to MacGregor Industrial Supplies Limited, preserving 15 jobs. The sale includes both the Inverurie and Tu

The agricultural and construction machinery providers Balgownie Limited and Balgownie Rentals Limited have been placed into administration. Richard Bathgate and Graeme Bain of Johnston Carmichael LLP were appointed as joint administrators on 15 March 2024.

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

Fife business The Buffalo Farm will return to the ownership of founder Steve Mitchell through a pre-pack sale. Through a pre-pack administration sale, Mr Mitchell has bid for the company's assets, aiming to secure the jobs of 60 employees and safeguard his herd of buffalo.

Blair Nimmo and Alistair McAlinden from Interpath Advisory have been appointed joint administrators to Glasgow-based furniture and homeware retailer Morale Home Furnishings UK Limited on 28 February 2024. Following their appointment, the joint administrators have announced they will continue to trad

Efforts to secure a buyer and continue trading Kirriemuir-based AAD Transport, which went into administration earlier this month, have been unsuccessful, resulting in the redundancy of 65 employees. Joint administrators, Ken Pattullo and Kenny Craig of Begbies Traynor, commenced

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.

Ken Pattullo and Kenny Craig, of Begbies Traynor, have taken over the administration of Kirriemuir-based haulage firm AAD Transport Ltd. Established in 2011, family-run AAD Transport employs 65 staff and operates mainly across the UK. It also offers services to customers in some regions of Spain and

Glasgow-based Locavore Community Interest Company has entered administration on 30 January 2024, with Blair Nimmo and Geoff Jacobs of Interpath Advisory appointed as joint administrators. Founded in 2011 and based in Glasgow, Locavore is a not-for-profit social enterprise which seeks to build a more

FRP Advisory has sold AMTE Power's Scotland business and assets out of administration to Dutch battery technology firm LionVolt, saving 20 jobs. LionVolt is a subsidiary of LionVolt B.V., a group based in Eindhoven, Netherlands – a battery innovator that develops ‘3D’ solid-state b

Livingston-headquartered Evoframes on has been bought out of administration saving all 76 jobs.

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.

AMTE Power, the electric vehicle battery maker with a plant in Thurso and ambitious plans for a megafactory in Dundee, is currently engaged in talks with a potential buyer in a bid to rescue the company from its financial woes. The accelerated sale process, initiated on 19 December and spearheaded b

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