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Michael Reid, managing partner at Meston Reid & Co, looks at the current trends in insolvencies in Scotland. I recall the harbingers of doom and their forecasts that 2021 would bring large-scale corporate and personal insolvencies.
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The Snappy Group, a Dundee-based technology platform that connects consumers with their local businesses has appointed Barry McGonagle as its chief financial officer. His appointment is the latest of several senior hires in recent months following a successful fundraising last year, the pr
1 minute
N4 Partners (N4) has appointed Raf Khan as manager within the advisory arm of the Glasgow-based investment firm. Formerly finance manager at Taylor Hopkinson, Mr Khan has held a number of positions within the financial services sector, including five years at Johnston Carmichael LLP as Business Advi
3 minutes
Global law firm Kennedys has appointed Gavin Henderson and Daniela Fusi as partners. The appointments of Mr Henderson and Ms Fusi, both formerly Clyde & Co (Scotland) partners, takes the total number of fee earners to 23 across its offices in Edinburgh and Glasgow, with more new
3 minutes
Anderson Anderson & Brown Consulting Limited (AAB Consulting), the dedicated consulting arm of the AAB Group, has announced two key leadership team appointments following another year of strong growth. Stephen Carmichael and Gareth Edwards have both joined the firm. Mr Carmichael joins AAB in t
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Former KPMG UK head of communications Sorrelle Harper has joined Storegga, the firm behind the Acorn carbon capture and storage (CSS) project in Aberdeenshire, as head of corporate affairs. Ms Harper has run her own strategic communications consultancy, Sharpener Communications, for the past four ye
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John Tutte is to join the board of housebuilder Bellway as non-executive chairman designate on 1st March 2022. Mr Tutte will succeed Paul Hampden Smith, who will retire from the board as non-executive chairman on 1st April 2022, following almost nine years' service as a non-executive director.
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KPMG has been hit with another multi-million-pound fine from the Financial Reporting Council (FRC), over its audits of drinks company Conviviality in 2017. The FRC announced yesterday that it had issued a final decision notice under Audit Enforcement Procedure and imposed sanctions against KPMG
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Stuart Smith, a former senior auditor at KPMG, has been fined £150,000 and banned for three years after admitting to misleading the Financial Reporting Council (FRC). KPMG and Mr Smith admitted their misconduct in relation to the FRC’s Audit Quality Review (AQR) inspection of the audit o
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Ross Stupart, tax partner at RSM UK, discusses the potential impacts of the Scottish Framework. The Scottish Government wants to create a sustainable fiscal environment in Scotland that embodies fairness and equality. The recent Scottish Framework for Tax sets out a plan to achieve this; but is it p
2 minutes
The Financial Reporting Council (FRC) has commenced an investigation into the statutory audits by PwC of the consolidated financial statements of Babcock International Group plc for the years ended 31 March 2019 and 2020. The FRC has extended its original investigation, which intended to analyse aud
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With the cost-of-living squeeze underway, 32% of consumers plan to cut back on their household spending this year, according to a survey of 3000 UK consumers by KPMG.
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Innis & Gunn has revealed plans to open its fifth taproom on Glasgow's West Nile Street.
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Lismore Real Estate Advisors has advised an overseas investor on the purchase of two prime logistics units located in Aberdeen.
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Unbranded Finance has completed a £2.5 million bridging loan on behalf of Courie Investments Limited, secured against a prime Glasgow City Centre office building with planning permission for a 113-room aparthotel at 249 West George Street, on the corner of Blythswood Square.
3 minutes
St Andrews-based Pneumagen, a clinical-stage biotech company, has raised £3.8 million to advance clinical development and manufacturing of its lead product Neumifil. The financing round was co-led by existing investors, Thairm Bio and Scottish Enterprise.
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Fife-based retinal imaging company epipole is set to grow its presence within the global ophthalmic imaging market after raising £1.3 million in new investment. The company’s handheld epiCam enables clinicians to record epiStreams - scans of the retina using real-time video - from which
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