Scottish business group SCDI to start insolvency process by Keith Findlay
Scottish Council for Development and Industry chief executive Sara Thiam
Pic from SCDI
A leading Scottish business group has alerted members of an expected shortfall to cover its rent and pension commitments.
The Scottish Council for Development and Industry (SCDI) will seek a company voluntary arrangement (CVA), a formal insolvency process.
It has written to members alerting them to imminent correspondence from Howard Smith and Blair Nimmo, of professional services firm KPMG, who have been appointed joint nominees in relation to a CVA proposed by the directors.
Move to address pension obligation
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Business Comment: Vaccination among few bright spots in gloomy start to the year By Contributor Published: 20:30, 28 January 2021
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Jane Cumming, regional chairwoman of the SCDI.
Jane Cumming, regional chairwoman of the Scottish Council for Development and Industry, on the start of the year for businesses.
Itâs only a month into the new year and we already seem to be swimming in paperwork.
Whether it is grant applications for the various new funds for business, or the paperwork required to get your goods to market post-Brexit, I think we would all be delighted if we had a few less bits of paper in our lives.
UNTIL it arrived, 2020 was seen by many as a symbol of the future. It was a benchmark and distant date with destiny – aided by phrases like “2020 vision”. But 2020 didn’t feel like the future that had been predicted – or like any other year. This is a salutary lesson. Much of the future is always surprising, unimagined and unpredictable – while other parts are predictable or “inevitable surprises”. To think, dream and conceive of the future is part of what it is to be human. Yet, conventional futures thinking (what used to be called “futurology”) tends to miss much as it contains such a narrow set of assumptions. There is an over-propensity to prioritise order and rationality, a belief in the efficacy of models and predictions, and now – with unparalleled computer capacity – there is a faith in algorithms as a substitute for reality.