Scottish Building Firm Enters Liquidation After HMRC Court Action Over Tax Debts
A Scottish construction company has been placed into liquidation after HM Revenue and Customs (HMRC) took legal action over unpaid tax debts.
The case was heard at Glasgow Sheriff Court after HMRC filed a winding-up petition against the firm. A notice has since confirmed that Julie Tait of Grant Thornton UK Advisory & Tax has been appointed as liquidator to manage the company’s affairs.
The company, which specialised in property development and building projects, had five employees according to its latest accounts.
Its 2024 financial records showed that the firm had total assets of £328,155, while it owed creditors £247,184 within one year. The company also reported capital reserves of £98,725.
HMRC declined to comment on the specific case due to taxpayer confidentiality but said it only seeks liquidation as a last resort after other options to recover tax debts have been exhausted.
A spokesperson said: “We take a supportive approach to dealing with customers who have tax debts and only file winding-up petitions once we’ve exhausted all other options, in order to protect taxpayers’ money.”
The liquidation comes despite a decline in overall company insolvencies across Scotland. Latest figures from the Accountant in Bankruptcy (AiB) showed 240 corporate insolvencies between April and June 2026, compared with 332 during the same period in 2025 — a reduction of 27.7%.
Separate data from the Insolvency Service also recorded 104 company insolvencies in Scotland during June, a figure broadly similar to the same month last year.
