Administration

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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

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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

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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

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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

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The number of companies filing for administration in Scotland has jumped by over 20% year-on-year, as a sluggish economy, the cost-of-living crisis, high interest rates and ongoing geopolitical uncertainty continue to impact businesses across the country.

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Edinburgh-based sports streaming platform Recast Sports has been reacquired out of administration by founder Andy Meikle through Content Technology Partners (CTP), a firm in which he holds a significant stake.

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