A property that belonged to a charity in the West End of Glasgow has been sold to a developer for residential development, generating a share of £1 million of surplus funds for several charities. Balmanno House, which had been providing residential care for over 200 years, was placed in admini
Azets
Construction Industry Scheme (CIS) contractors are becoming a target for the tax authorities with HMRC issuing letters to CIS contractors if records indicate that the correct deductions may not have been applied, a Scottish tax expert has warned. The letter prompts the contractor to verify the CIS t
An Aberdeen firm which supplies major construction operators across Scotland with windows, doors, stairs, and manufactured doorsets has completed its move to becoming an employee-owned business. International Doors and Windows Ltd, which was set up in 2006, supplies national housebuilders with mater
Plans to end Covid protections for commercial tenants could trigger a spate of tenant insolvencies, a restructuring expert at Azets has warned. The remaining restrictions on winding up petitions for the pursuit of unpaid commercial rent will be removed from 1 April 2022. The current 14-week irritanc
Wishaw-based mechanical and electrical contracting specialist Weir & McQuiston (Scotland) Limited (WMQ Building Services) has fallen into administration with the loss of 93 jobs. Founded in 1976, the family-owned business provided a full portfolio of mechanical and electrical design, installatio
Provisional liquidators have been appointed to Largs-based electrical contracting specialist Elecore Electrical Limited. Founded in 2017, the family-owned business provided a wide range of electrical design, contracting, data, fibre and project management services for large construction p
Around 10% of Scottish construction businesses and sub-contractors could close by the end of 2022 following the expiration of Covid-19 supports, a construction sector restructuring specialist at Azets has warned. The Corporate Insolvency and Governance Act 2020 introduced a number of temporary measu