3 minutes
Audit, tax and consulting firm RSM has predicted that insolvencies will double in 2021 when government support, such as the furlough scheme and bounce back loans, ends. According to the Insolvency Service, there were 12,557 company insolvencies in 2020, down on the 17,225 the previous year.
3 minutes
The UK Government has launched new legal action against eight former directors of failed contractor Carillion which could see them banned from running businesses for up to 15 years.
2 minutes
Property developers Richard Black, from Collessie, and William Edmiston, from Kirkcaldy, have been banned for a total of 13 years after failing to pay tax on a land deal.
2 minutes
Aberdeen restaurateur Syed Shabbi Ahmed, who funnelled £800,000 of customer payments into a secret bank account, has been banned from running a business for 11 years.
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