McMillans Accountants Ltd compulsory liquidation
Liquidation Company no. SC476580 Incorporated May 2014 Professional Services G postcode area
237 Kilmarnock Road, Glasgow, G41 3JF
The most recent insolvency notice for McMillans Accountants Ltd is an Appointment of liquidators (Court), published 06 November 2026 in The London Gazette. The office holders are Brian Milne; Ian Wright, appointed 26 October 2026. Its last accounts filed at Companies House, to 30 April 2025, showed total assets of £90k and net assets of £38k. Those accounts were filed 17 months before the first insolvency notice, so they describe the company well before the process began. A winding-up petition asks the court to close a company and place it into compulsory liquidation, most often because a debt has gone unpaid. If the court makes a winding-up order, control passes to the Official Receiver or an appointed liquidator, the company's bank accounts are frozen and its assets are sold to repay creditors.
Last filed balance sheet
As at 30 April 2025 · total exemption full accounts · unaudited · filed 17 months before the first insolvency notice
Average employees during the period: 2
Insolvency notices (2)
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Appointment of liquidators (Court) 06 Nov 2026
McMillans Accountants Ltd was appointed interim liquidators Brian Milne and Ian Wright by Paisley Sheriff Court on 26 October 2026
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Petitions to wind up (Companies) 02 Oct 2026
A petition has been presented to the Sheriff Court at Glasgow to wind up MCMILLANS ACCOUNTANTS LTD.
What happens next
A winding-up petition asks the court to place a company into compulsory liquidation. Until an order is made the petition can still be dismissed or withdrawn — if the debt is paid, if it is genuinely disputed on substantial grounds, or if the court is persuaded to adjourn while a rescue is put in place. If an order is made, the company stops trading, its bank accounts are frozen, and a liquidator realises the assets and pays creditors in the order fixed by law; creditors prove their debts to the liquidator or the Official Receiver rather than to the company.
Owed money by McMillans Accountants Ltd?
A bad debt this size rarely stops with the company that failed. If you're a supplier or creditor left short, it's worth knowing where you rank — and checking what the shortfall does to your own cashflow.
Related guidance
Is your own business showing the same warning signs?
What the public record showed for this company before its insolvency notice:
- Its most recent accounts were 17 months old when the first insolvency notice was published.
Each of these is visible months before a Gazette notice. Directors who act at that stage keep far more options open, from an informal turnaround to a CVA or restructuring plan.
Frequently asked questions
Is McMillans Accountants Ltd in liquidation?
The most recent insolvency notice for McMillans Accountants Ltd (company no. SC476580) is a Appointment of liquidators (Court), published 06 November 2026 in The London Gazette. A winding-up petition asks the court to close a company and place it into compulsory liquidation, most often because a debt has gone unpaid. If the court makes a winding-up order, control passes to the Official Receiver or an appointed liquidator, the company's bank accounts are frozen and its assets are sold to repay creditors.
What were McMillans Accountants Ltd's last filed accounts?
McMillans Accountants Ltd's last accounts filed at Companies House, to 30 April 2025, showed total assets of £90k, cash of £20k, net assets of £38k. For a distressed company the last filing often predates the insolvency by a year or more.
How many insolvency notices does McMillans Accountants Ltd have?
McMillans Accountants Ltd has 2 insolvency notices recorded in The London Gazette, the most recent being a Appointment of liquidators (Court) on 06 November 2026.
What happens next?
A winding-up petition asks the court to place a company into compulsory liquidation. Until an order is made the petition can still be dismissed or withdrawn — if the debt is paid, if it is genuinely disputed on substantial grounds, or if the court is persuaded to adjourn while a rescue is put in place. If an order is made, the company stops trading, its bank accounts are frozen, and a liquidator realises the assets and pays creditors in the order fixed by law; creditors prove their debts to the liquidator or the Official Receiver rather than to the company.
Why did the company go into liquidation?
The Gazette notices record the legal steps, not the cause, so they do not say why the company failed. Its last filed accounts, to 30 April 2025, showed net assets of £38k, so any deterioration came after those figures or is not visible in them. For a fuller picture, look in the company's filing history at Companies House for the statement of affairs or the office holder's reports, where these have been filed.
How much did the company owe?
The notices do not give a figure. The closest public number is total liabilities of £52k in its last filed accounts, to 30 April 2025. What was owed when the process began will differ, and is set out in the statement of affairs.
How many jobs are affected?
The notices do not say. The last filed accounts recorded an average of 2 employees in the period to 30 April 2025, which is the closest public figure and may be out of date.
Financial figures are taken from the company's own last accounts filed at Companies House. Small and micro-entity accounts are unaudited, and for a company entering an insolvency process the most recent filing frequently predates that process by a year or more. Figures are indicative and are not a valuation. Contains public sector information licensed under the Open Government Licence v3.0. © Crown copyright.