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Tuesday
Nov232010

Good News as Jobs are Saved at Scottish Company

When a firm goes into administration the times ahead can be rough for all concerned. But there is no worse feeling than being employed by such a company and not knowing whether you will still have a job the following day.

I was delighted therefore to read a news story concerning Pentland Precision Engineering, a company based in Scotland. Despite having gone into administration in recent times, it has now been reported that a director of the company has resolved the issue by setting up a brand new company. It will be this company that takes on the staff from the old one, securing their future with the help of some fresh funding as well. 

Not all stories end this well of course. But it is heartening to see that sometimes efforts can be made to ensure that jobs are saved. It doesn’t matter how many jobs are involved either; in this case the number was twenty six. But every one of those workers can now rest assured that their futures – futures that were once uncertain – will now be saved by the formation of the new company.

Many businesses will be struggling to survive in the fallout that has followed on from the recession. Many people are still uncertain about the future and are restraining themselves from spending lots of money in the process. This is having a knock on effect on many businesses so it is good to see one particular business extricating itself from the mire.

If you have concerns about the future of your business and you wish to discuss your financial position with regard to taxes, contact the experts at St Matthew now.



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    Good News as Jobs are Saved at Scottish Company - Tax, Legal & Business News from London - St Matthew Accountants London

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