Commenting on the rise in company failures, Blair Milne, a partner in the Glasgow office of accountancy firm Azets, pinpointed a change in approach from HMRC following the “softly slowly” approach it took in the aftermath of the coronavirus pandemic. Its rise in enforcement has come as companies have faced rising costs on a variety of fronts, from increases in employer national insurance contributions and the national living and minimum wage, which took effect in April, to a general rise in the cost of doing business.
Mr Milne, who has worked in insolvency and corporate recovery for 30 years, told The Herald: “One of the factors that is driving an uptick in insolvency appointments is an increase in creditor action, whether…