Administration

The intellectual property (IP) and assets of M Squared Lasers, the collapsed Glasgow technology firm, have been sold to Novacene Photonics Limited, a new company established by M Squared's former senior leadership. Alistair McAlinden and Geoff Jacobs from Interpath were appointed joint administrator

Kevin Mapstone and Paul Webber of Begbies Traynor have been appointed as joint administrators of Scotch Frost of Glasgow Limited on 4 November 2025. The Uddingston-based food importer and distributor, which has ceased trading with the loss of all 17 jobs, was placed into administration following a p

Nort Sea oil and energy services firm Petrofac has entered administration – a “stark warning” of a wider crisis facing the North Sea supply chain, according to industry experts. The move, which puts thousands of jobs at risk, has intensified calls for urgent government action to st

Over £40 million of public funds are expected to be lost following the collapse of M Squared Lasers, the first company ever backed by the Scottish National Investment Bank (SNIB). The Glasgow-based technology firm fell into administration in August, owing more than £60m to creditors afte

Michael Magnay and Rob Croxen of Alvarez & Marsal have been appointed as joint administrators of Motherwell-based TC BioPharm Limited on 2 October 2025 and launched a sale process for the business and assets of the company. TC BioPharm is an early developer of allogeneic Gamma-Delta T-Cell thera

Graham Smith and Michelle Elliot of FRP Advisory have been appointed as joint administrators to long-established Scottish nursery and tree-growing business, Christies (Fochabers). The appointment was made on 10 September.

Three years after the collapse of Dundee construction firm McGill, its administration has closed with just £185,689 paid to creditors – all of it going to former employees.

Alistair McAlinden and Geoff Jacobs, managing directors at Interpath, have been appointed as joint administrators of M Squared Lasers Limited, the first company to receive backing from the Scottish National Investment Bank. Headquartered in Glasgow, M Squared was established in 2006 as a photonics a

Kenneth Craig and Kevin Mapstone of Begbies Traynor have been appointed as joint administrators of South Lanarkshire company Apex Traffic Management Limited.

Stewart Milne Group’s (SMG) financial woes have deepened, with new claims worth more than £4 million lodged against the collapsed housebuilder in the past six months.

The number of company insolvencies in Scotland saw a slight decrease in July 2025, with 116 firms failing compared to the same month in the previous year. The total was comprised of 68 creditors’ voluntary liquidations (CVLs), 43 compulsory liquidations, four administrations, and one company v

The collapse of Fife-based engineering firm Burntisland Fabrications (Bifab) has left the Scottish public purse with a shortfall of £16.4 million, with administrators confirming that none of the debt has been repaid. Bifab entered administration in December 2020 after failing to win new contra

Administrators overseeing the sale of the historic 24-room Scottish boutique hotel have sold the hotel business, its contents and a residential dwelling to a duo of experienced hotel operators, Charlie Maclachlan and Sam Wignell of Fyne Hospitality, for £3.05 million in a deal that will save u

Scottish company insolvencies fell by 4% in June 2025 compared to the previous year, with 105 firms collapsing. Experts have warned this may only be a temporary reprieve and a challenging economic climate.

Will Wright and Alistair McAlinden from Interpath have been appointed joint administrators to Edinburgh-based cyber security firm Adarma Limited, as it ceases trading. The firm, founded in 2009, had grown to become one of the UK's largest independent cyber security businesses, employing 176 people a