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North accountancy firm in Royal Bank battle goes into liquidation.
(From Aberdeen Press & Journal)
Byline: laura.paterson
A long-running Highland accountancy firm has gone into liquidation in the midst of a court battle with the Royal Bank of Scotland over debts of GBP795,000.
Graeme M Fraser and Co, which employs 14 staff and has offices in Dingwall, Elgin and Nairn, went into liquidation on May 5 after director Graeme Fraser and his son and business partner Cathel Fraser were made bankrupt.
A spokesman for liquidators RSM Tenon said the liquidation was caused by cash-flow problems and the business, which employs 14, is being managed on a care-and-maintenance basis while it is being marketed for sale.
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