Administration

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Scottish animation and visual effects firm Axis Studios has entered administration. Alistair McAlinden and Geoff Jacobs of Interpath Advisory have been appointed joint administrators to Axis Productions Limited and Axis VFX Limited, which trade as Axis Studios, on 15 July 2024.

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Richard Bathgate and Donald McNaught, restructuring partners at Johnston Carmichael, have been appointed joint administrators of oilfield services business OEM Group (Scotland) Ltd. Based in Portlethen, just outside Aberdeen, OEM Group (Scotland) Ltd was founded in 2012 and provided rental services

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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

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In a deal facilitated by FRP Advisory, Scottish convenience store chain Eddy's Food Station has been acquired by SPAR Scotland's wholesaler, CJ Lang & Son Ltd, for an undisclosed sum. Callum Carmichael and Michelle Elliot, partners at FRP Advisory, were appointed joint administrators of Edd

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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.

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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.

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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.

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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

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