BusinessBusiness RecoveryScottish firms preparing for insolvency boom

Scottish firms preparing for insolvency boom

Insolvency arms being boosted north of the Border as the number of businesses going under and individuals declaring bankruptcy is expected to rise

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
40%.

Matt Henderson, an insolvency practitioner with the firm, said: ‘We believe
spring 2009 will be the peak and we are expanding accordingly,’
scotsman.com
reported.

‘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.

Related Articles

Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

1w Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

1w Emma Smith, Managing Editor
KPMG appoints new global head of insolvency

Business Recovery KPMG appoints new global head of insolvency

4w Emma Smith, Managing Editor
EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

5m Alia Shoaib, Reporter
Using insolvency as a debt recovery tool

Business Recovery Using insolvency as a debt recovery tool

6m Emma Smith, Managing Editor
UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

Business Recovery UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

8m Alia Shoaib, Reporter
Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

Business Recovery Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

9m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

10m Emma Smith, Managing Editor