Azets

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

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