Increased HMRC activity could be causing the recent rise in Scottish company liquidations, according to an Aberdeen insolvency specialist.
New figures from Creditsafe showed 141 new Scottish administrations and liquidations in May – the highest number since December 2022 when 142 cases were recorded.
Michael Reid, Aberdeen-based partner and insolvency specialist at MHA, which has Scottish offices in Edinburgh and Aberdeen, believes the Creditsafe data may well highlight increased HMRC action following a lull in them pursuing companies during the Covid epidemic.