Liquidation

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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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Kellwood Engineering, a Dumfries-based precision machining and fabrication company trading for almost 40 years, has had to close its doors with the loss of 27 employees. The director of the company, James Maitland, has appointed Donald McKinnon of Wylie & Bisset, Accountants and Business Advisor

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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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Quantuma's Edinburgh and Glasgow-based managing directors and insolvency practitioners, Craig Morrison and Ian Wright, have been appointed joint liquidators to Arbroath-based Royal Oak Tree Services Ltd. The single site Royal Oak Tree Services was established in 2019 and employed a team of seve

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Richard Oddy and Blair Milne of Azets have been appointed joint provisional liquidators to Hayden Chilled Limited after a winding-up petition was presented by the company's director. The appointment was made on 11 March 2024 after the refrigerated haulage firm based in Annan, Dumfriesshire, cea

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Blair Nimmo and Alistair McAlinden from Interpath Advisory have been appointed joint provisional liquidators to J S Crawford Contracts (Borders) Limited. The Melrose-based construction company, operational since 1946 and specialised in residential house building, faced severe financial strain due to

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Glasgow-headquartered housebuilder Merchant Homes Partnerships has ceased trading, making 22 employees redundant. Established in 2007 by a highly experience team to provide quality housing, incorporating innovative design, the company is well known and respected in the construction industry, providi

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Surplus funds resulting from the winding up of one of Scotland's oldest charities have been passed on to the Rock Trust to go towards the prevention of youth homelessness. At the request of Balnacraig School's board of directors, the liquidator Shona Campbell, of Henderson Loggie, has passed &p

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