Glasgow housebuilder enters members’ voluntary liquidation

Woodside Homes Limited has entered a members’ voluntary liquidation, a solvent winding‑up process initiated by shareholders. FRP Advisory has been appointed as liquidator following resolutions passed at a general meeting, according to filings at Companies House.

Documents show shareholders agreed “that the company be wound up voluntarily” and that FRP Advisory act as joint liquidators. A members’ voluntary liquidation is used when a company can pay all its liabilities but its owners choose to close it—often linked to retirement or restructuring.

Government guidance notes that directors may opt for this route when a company is solvent but they wish to step back from the business.

The move comes as new monthly data highlights continued pressure across the corporate landscape. In April, 107 company insolvencies were registered in Scotland, 6% higher than the same month last year. These comprised 53 creditors’ voluntary liquidations, 49 compulsory liquidations and five administrations.

Giuseppe Parla of Menzies LLP said the rise reflects mounting pressure on business rates alongside “persistent geopolitical uncertainty”.

PKF Littlejohn Advisory partner Oliver Collinge added that the downturn is affecting a broad range of sectors, including construction, wholesale and retail, real estate, and food and beverage, with rising costs, tighter credit and fluctuating demand creating a tougher trading environment.