Friday, 5 October 2012
We can rescue companies in Scotland!
winding up petition issued by a creditor against a Scottish company is an even more dangerous step than in England as there is no grace period after the petition and before the advertisement.
In effect the moment a petition is served it is advertised on the wall of the Court. This may lead to the bank accounts being frozen. This particular quirk of the Scottish system is one reason why there are fewer corporate rescues in Scotland than in England. However, KSA group are keen to change this!
Derek Robinson is our Regional Manager in Scotland with offices at
66 Albion Road,
Derek has a wealth of business knowledge. A creative and yet objective thinker, Derek understands very well the challenges of running a business and is keen to advise and help directors overcome challenging financial circumstances. You can call him on 0771 476 5578 or 0131 242 0081
Please read our new pages on winding up petitions in Scotland to see what can be done.