Date: 16 June 2017
16 July 2017 (280 days ago)
Wylie & Bisset wins Accountant in Bankruptcy insolvency contract for record third time. Wylie & Bisset LLP has won a contract to deliver insolvency services on behalf of the Scottish Government the first firm to have been awarded the contract on three consecutive occasions. The Glasgow-based chartered accountant was awarded the contract for Accountant in Bankruptcy (AiB), an executive agency of government which administers the process of personal bankruptcy and records corporate nsolvencies in Scotland. The contract, awarded following a full public procurement exercise, starts on July 1 and runs initially for two years allowing for two optional one-year extensions, which could deliver significant savings to the public purse ylie & Bisset is currently the main provider of services for AiB, handling around 60 per cent of all allocated cases and more sequestrations than any other firm in Scotland The previous AiB contract was valued at around £13 million and Wylie & Bisset will be allocated 60% of cases under the new Contract. Donald McKinnon, Joint Managing Partner of Wylie & Bisset, which employs 134 people, said: "This is a tremendous achievement for Wylie & Bisset and a gives us the opportunity to build on the hard work by its staff over several years. We are delighted to be able to offer a top-quality professional service to the public sector-based on continuous improvement and consistently high standards which wi ultimately deliver savings to the taxpayer. Mr McKinnon said Wylie & Bisset had enjoyed working with the AiB team, which had "challenged the firm to implement robust systems and even higher standards, designed to deliver a better Insolvency Service for the people of Scotland www.wyliebisset.com Wylie Bisset DONALD McKINNON Joint Managing Partner of wylie & Bisset GORDON CHALMERS Partner and Insolvency Practitioner of Wylie & Bisset Gordon Chalmers, Insolvency Partner for Wylie & Bisset, added: "We have risen to the challenge and look forward to continuing our journey working closely with the AiB. We are proud to be the only firm to have won this government insolvency contract on three consecutive occasions. Accountant in Bankruptcy chief executive Dr Richard Dennis said: "T his is the third contract for insolvency services to be awarded by AiB and, as a result of the competiti nature of the procurement process, we have been able to secure improved fee rates and consequently better value for taxpayers."