Nine Scottish charities are poised to receive a $1m surplus from the sale of Balmanno House in Glasgow’s West End. The property was liquidated, with the proceeds benefiting charities like Glasgow East End Community Carers and Glasgow Children’s Hospital. The sale to RSD Property Holdings ensured full payment of all creditors, including former employees. Azets, the business advisory group overseeing the process, is finalizing the distribution to align with the Trustees’ wishes. The challenges facing the care sector have been highlighted, with some care homes facing insolvency due to rising costs and funding shortages.

Read more at Yahoo Finance: Scottish charities to share $1m from Balmanno House sale