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Bankruptcy
11:57, 20 AUG 2024
CTD shuts 56 stores and axes jobs despite Topps rescue deal
Retail & Consumer
Five Scottish stores will be transferred, while six are set to close
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Scottish company insolvencies up 21% in July
Bankruptcy
The number of overdue invoices in Scotland has also reached its highest level this year
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Stewart Milne's unsecured creditors won't get a penny
Bankruptcy
Latest administrator's report confirms contractors, suppliers and staff will get nothing, despite claiming £33.4m
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Ted Baker’s remaining UK stores set to close
Retail & Consumer
Rescue talks with Frasers Group have stalled so stores are expected shut by the end of Tuesday
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Turnkey IPS backed by private equity firm
Investment
The deal will also see a change in chief executive
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Scottish administrations fall by 15% in the first half
Bankruptcy
The most impacted sectors in were business services, retail, construction and private healthcare
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Carpetright bought in rescue deal - but more than 1,000 jobs cut
Retail & Consumer
Tapi has bought the brand, intellectual property, 54 stores and two warehouses in a pre-pack administration
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Early-stage financial distress in Scotland continues to rise
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There were 30,435 Scottish businesses in ‘significant’ financial distress during the second quarter
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Corporate insolvency figures stabilise in June
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The latest official statistics show a 4% year-on-year fall in company failures
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British tycoon close to striking Body Shop rescue deal
Retail & Consumer
Due diligence is underway, with a transaction to save the brand expected in the coming weeks
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Scottish football clubs in ‘relatively good shape’ for the season
Scottish Professional Football League
Inflation and increasing costs hitting many teams hard, but very few in any serious financial distress
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162 redundant as Axis Studios appoints administrators
News
Glasgow-based visual effects company hit by a decline in projects
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Charles Henshaw & Sons appoints administrator
Bankruptcy
Edinburgh-based façade firm employs 72 staff, whose jobs are now at risk
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Pent up distress puts Scottish businesses on high alert
Exclusive
Our latest profile focuses on an insolvency expert and her analysis of the post-pandemic landscape
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Glasgow architecture firm set for liquidation
Bankruptcy
A 'six-figure debt' and project delays has led to the business ceasing to trade
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Scottish company insolvencies up by 22% in May
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Year-on-year rise shows many businesses are still paying the price of high interest rates and low economic growth
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Boyd International in liquidation
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Reduced international trading during the pandemic hit the Angus-based business hard
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Inverness approach insolvency practitioner in case investor talks fall through
Inverness
A previous partnership - worth up to £1.7m - with Norwegian renewables company Statkraft has been cancelled
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Waldorf Production intends to appoint administrators
North Sea oil
Holding companies fail to make bond payments, leading to Interpath being appointed
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Call to save Oban Phoenix Cinema after it is placed into liquidation
Bankruptcy
All eight staff have been made redundant after the venue ceased trading
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First Endeavour files for liquidation
House building
The Fife-based builder had previously sacked 30 staff 'by mistake' at the end of last year
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Scottish insolvencies ease during April
Bankruptcy
Number of company insolvencies registered in Scotland comes in 4% lower year-on-year
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Scottish financial distress rises as economic downturn bites
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The number of Scottish businesses in 'critical' distress was up by almost a quarter year-on-year
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Scottish corporate insolvencies rise again
Bankruptcy
Latest figures show 3% year-on-year increase and a 23% jump compared to pre-pandemic levels
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