Hamilton Burns staff expected to be paid in full

Tom MacLennan and Iain Fraser of FRP Advisory were appointed joint administrators of the Glasgow law firm after it was unable to service debts amounting to more than £613,000.

Of that sum, £25,000 was owed to the 17 staff members, nine of whom were made redundant.

One member of staff was retained to help in realising assets while four others joined Latta Law.

Directors Gary Moss and Lorraine Kelly have formed a new firm, Kelly & Moss Solicitors, and took one trainee with them.

Mr MacLennan and Mr Fraser said in a report to creditors that former staff would likely be paid in full, adding that it is “currently estimated that there will be sufficient funds available to make a contribution to unsecured creditors in due course”.

Among the unsecured creditors are HMRC, owed £210,000; Glasgow City Council, owed £25,000; Kingsway Asset Finance, owed £25,000 and LDF Finance, which is owed £65,000.

Niall Mickel, a former partner at the firm, is owed the greatest debt, at £241,400.