A Glasgow builder vanished into liquidation after just six years, but the part that sticks is how fast a steady paycheck can turn into silence.

12:14, Wed, Aug 5, 2026 Updated: 12:18, Wed, Aug 5, 2026

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Liquidator appointed to Scottish building firm after HMRC court action (Image: Getty)

A Scottish construction firm has entered compulsory liquidation just six years after it was established.

Impact Contracts (Glasgow) Limited, a builder and property developer based at Craigton Industrial Estate in Glasgow, has officially gone into liquidation following court action brought by HM Revenue and Customs (HMRC).

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The case was heard at Glasgow Sheriff Court after HMRC submitted a winding-up petition against the company. A notice has since confirmed that Julie Tait, of Grant Thornton UK Advisory & Tax, has been appointed as liquidator to oversee the firm's affairs.

The company, which describes its business as the development of building projects, employed five members of staff according to its latest available accounts.

Those accounts, covering 2024, show the business had total assets of £328,155, while creditors owed within one year stood at £247,184. It also reported capital reserves of £98,725.

Tax letter from HM Revenue and customs with coins and calculator

HMRC submitted a winding-up petition against the company (Image: Getty)

HMRC declined to comment on the circumstances surrounding the individual company because of taxpayer confidentiality.

However, 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 as the number of company insolvencies across Scotland has fallen compared with a year earlier.

According to the latest figures from the Accountant in Bankruptcy (AiB), there were 240 corporate insolvencies recorded between April and June 2026, down from 332 during the same three-month period in 2025 – a drop of 27.7%.

The data also showed compulsory liquidations fell from 167 to 97 over the year, while creditors' voluntary liquidations decreased by 13.3%.

Meanwhile, members' voluntary liquidations rose slightly, increasing from 119 to 127 over the same period.

Separate figures from the Insolvency Service show 104 company insolvencies were registered in Scotland during June, broadly in line with the number recorded in the same month last year.