Scottish corporate failures fall 7.6% during 2015 but solvent liquidations up by 35.8 %

Scottish corporate failures fall 7.6% during 2015 but solvent liquidations up by 35.8 %

The number of Scottish firms undergoing business insolvency in the whole of 2015 was down 7.6% during 2015 according to analysis of the latest figures by restructuring, recovery and insolvency boutique mlm Solutions. The latest Accountant in Bankruptcy (AiB) figures show that 828 Scottish firms failed during 2015 compared with 896 the previous year (please note that the AiB uses the financial year April to March as its base so although their current figure states Q3 this refers to October to December 2015 which we call Q4). However, there was a 41.1% increase between Q3 and Q4 and a 31.5% increase on the same quarter in 2014 and this marks two consecutive substantial increases in the latter half of 2015.

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Self Assessment may lead to financial distress

Self Assessment may lead to financial distress

Filling in a self assessment form by January 31st may not be the only problem many individuals, business owners and high net worth individuals face, according to recovery, restructuring and insolvency boutique mlm Solutions.

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Guest Blog: Direct Recovery of Debts – New HMRC Powers

Guest Blog: Direct Recovery of Debts – New HMRC Powers

This blog has been prepared for mlm Solutions by Adrian Wood of Adrian Wood VAT Consultancy Ltd.

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New Debt Law Comes into Force in Scotland

New Debt Law Comes into Force in Scotland

The Bankruptcy and Debt Advice (Scotland) Act came into force on 1st April, and contains measures to help financially vulnerable families manage their debt.

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Maureen Leslie in the Scotsman's 'Cash Clinic'

Maureen Leslie addresses an increasingly common issue for those approaching their retirement years in this weekend's Scotsman - "the bank of Gran and Grandad".

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