Accountancy firms in Scotland are preparing for a spike in insolvency demand
in the early part of next year.
One Edinburgh-based firm, Johnston Carmichael has increased its headcount by
Matt Henderson, an insolvency practitioner with the firm, said: ‘We believe
spring 2009 will be the peak and we are expanding accordingly,’
‘I, and also members of my staff, have had a lot more calls from recruitment
consultants than usual, suggesting other firms are doing the same and that there
are more jobs around.’
It is now easier to declare bankruptcy in Scotland after a recent rule
change. This is expected to translate into a higher number of personal
insolvencies in Scotland next year.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies