Addleshaw Goddard

Insolvency cases in Scotland surge to 29-month high

Insolvency-related activity in Scotland reached its highest level in more than two years last month, according to research by the trade body R3. R3 said its analysis of Creditsafe data showed 141 cases of insolvency-related activity were recorded in May 2025, the highest monthly figure since December 2022. The total…

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Corporate insolvencies in Scotland rise for second year in a row

There were 1,175 corporate insolvencies in Scotland in 2024-2025, rising for a second consecutive year, according to data from Accountant in Bankruptcy. This was an increase of 0.6% compared with 2023-2024’s figure of 1,168, and an increase of 3.8% on 2022-2023’s figure of 1,132. Tim Cooper, president of insolvency and…

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RSM completes sale of manufacturing business

RSM has concluded the administration sale of manufacturing business MTAG Composites Limited MTAG (Holdings) Limited and Electric Future Group Limited. Gareth Harris and Deviesh Raikundalia of RSM UK Restructuring Advisory LLP were appointed as joint administrators of the business on 12 July 2024.  Based in Coningsby in Lincolnshire, MTAG Composites…

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Interpath secures future of 23 former CTD Tiles stores

Interpath Advisory, the joint administrators of Tildist Realisations Limited, formerly CTD Tiles Limited, has announced that it has reached agreements which will see a further 23 stores reopen. Stiled Limited, which owns the Tile Giant and Tile Choice brands and which currently operates 49 stores across the UK, has reached…

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Addleshaw Goddard advises Hitachi FirstGroup JV

Addleshaw Goddard has advised Hitachi Europe Limited and Hitachi Rail Limited, in relation to its joint venture with British transport operator FirstGroup plc, for the leasing of approximately 1,000 electric bus batteries valued at approximately £100m. Hitachi is a Tokyo-based conglomerate engaged in the development, manufacturing and sales of products…

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Moore Kingston Smith completes private equity funding

Moore Kingston Smith LLP has become the first major accountancy firm in the UK to take on private equity funding from Waterland, while fully retaining its coveted limited liability partnership status. The unique structure of the firm’s investment from European private equity firm Waterland, which successfully completed on 30 June…

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Beevers and Struthers advises Jigsaw Homes on £360m bond

Accountants and business advisers Beever and Struthers has revealed it provided key financial advice on a major bond issue that raised £360m (£100m retained) to provide 4,000 new homes over the next five years. The Northwest-based firm acted for its client Jigsaw Homes Group, a provider of social and affordable…

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Johnston Carmichael partner appointed as chair of R3 in Scotland

Richard Bathgate, partner at independent accountancy and business advisory firm Johnston Carmichael, has been appointed as the new chair of R3, the Scottish arm of insolvency and restructuring trade body. Bathgate takes over the role from Tim Cooper of Addleshaw Goddard, and he will now support the representation work R3…

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BDO advises Prime Global on its partnership with LLCP

BDO has revealed it has advised the shareholders of Prime Global on its investment partnership with Levine Leichtman Capital Partners (LLCP). Prime Global, a medical communications and market access group, has experienced growth in recent years, including the recent launches of new consultancies Prime Access, IRIS, and Prime Omics, as…

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Begbies Traynor leads sale of City District Ltd

Begbies Traynor has overseen the pre-package sale of City District Limited to Southern Wind Group Limited, who has acquired a “substantial” part of the business and assets in a move that has saved 243 jobs. City District Limited, which trades as the Fazenda Rodizio Bar & Grill alongside sister brand…

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