Recovery and Insolvency Services


Dividends, documentation and downright disasters

Thursday, 12 Jul 2018 by Webmaster

The arrival of a Technical Bulletin from ICAS is a warning that whilst "low salary, high dividends" is often the best way to extract funds from your limited company, there are still hoops that need to be jumped through with dividends, as there are with PAYE.  There are two types of dividend - interim ones that are paid by the directors, and final ones that are declared at a meeting of members.


GDPR and other hocus pocus

Friday, 25 May 2018 by Webmaster

GDPR Compliance Statement


Duffus soakaway

Tuesday, 16 May 2017 by Webmaster

We are in the process of selling a house at Duffus, near Elgin.


2016 last quarter insolvency statistics

Tuesday, 31 Jan 2017 by Webmaster

The number of Scottish registered companies becoming insolvent or entering receivership marginally decreased in the third quarter of 2016-17, with 209 companies becoming insolvent compared with 218 in the previous quarter.The number of members’ voluntary liquidations (solvent liquidations) increased from 106 to 151.


Festive opening hours

Thursday, 22 Dec 2016 by Webmaster

Best wishes for a Merry Christmas and a happy and healthy New Year.


SC432657 Rhino Studio Limited - (In Liquidation)

Monday, 18 Jan 2016 by Webmaster

Rhino Studio Ltd - the Aberdeen web design company - has today ceased trading and gone into Creditors Voluntary Liquidation.


Looking to the future; grateful for the past

Thursday, 31 Dec 2015 by Webmaster

How was your Christmas? We hope Santa was good to you! After you had your fill of presents and TV, had eaten your fill of turkey, and watched the Queen’s Speech, what else could you have done on Christmas Day but file your tax return?


Loss of Coherence

Wednesday, 2 Sep 2015 by Webmaster

A new Scottish bankruptcy bill is promising to put an end to the loss of coherence.


Challanging times for oil and gas contractors

Wednesday, 1 Jul 2015 by Webmaster

These are challenging times for contractors in the oil and gas business, and whilst there have been some encouraging signs the indications are that the road to recovery will be a long and troubled one.


The Bankruptcy and Debt Advice (Scotland) Act 2014 - now in force

Wednesday, 1 Apr 2015 by Webmaster

The Bankruptcy and Debt Advice (Scotland) Act 2014 comes into force today.


The Northern Lights are still on – just a bit dimmer…

Thursday, 15 Jan 2015 by Webmaster

Those of you who remember Leslie Crowther shouting “come on down, the price is right” might just be old enough to recall that noise.


2014 ? That was a year,that was!

Wednesday, 31 Dec 2014 by Webmaster

On the road to success, the rule is - always to look ahead.


A Word to the Wise

Wednesday, 12 Nov 2014 by Webmaster

Robin MacGregor gave his perspective of the current insolvency landscape to the ICAS Insolvency and Restructuring Conference this week, and almost managed to avoid coming over as a grumpy old man.


Effect of dissolution of tenant on lease of premises

Wednesday, 10 Sep 2014 by Webmaster

Prestwick Hotels Ltd (“PHL”) were the tenants of fifth floor premises at 166 Buchanan Street, Glasgow.


Debt Arrangement Schemes - a cautionary tale

Wednesday, 23 Jul 2014 by Webmaster

A DAS is more likely to fail than be completed! Debtors need to be told that at the outset - but who is warning them? 3.1% of debt payment plans fail every quarter!


Deloitte and the Comet redundancy debacle. When is a plan not a plan?

Wednesday, 25 Jun 2014 by Webmaster

An Employment Tribunal has found that Comet failed to consult adequately with staff before redundancies were made.  That will be water off Deloittes back, as the £25m cost of the consequent protective award falls on the government.


Only the dead have seen the end of war

Friday, 9 May 2014 by Webmaster

The Scottish AiB insolvency statistics came out at the end of April, and make mixed reading.


HMRC bank account raids and unintended consequences

Wednesday, 9 Apr 2014 by Webmaster

Under powers revealed in last month's budget, HMRC is soon going to be able to take money direct from bank accounts without having to go through the traditional court process.


Financial Wellbeing in Later Life

Monday, 17 Mar 2014 by Webmaster

With the over-85s being the fastest growing sector of the population, and one in six of us now over 65, it is worrying that older people’s finances are coming under more and more pressure.


The ongoing lack of trust in Scottish Insolvency

Wednesday, 22 Jan 2014 by Webmaster

Despite protestations that the insolvency profession and Accountant in Bankruptcy must find better ways of working together, the lack of trust continues and what little there is has been further undermined by Fergus Ewing's last gasp amendments to the BADAS Bill.