Search: financial focus

Audit firms have consistently failed to raise alarms ahead of three-quarters of major UK corporate collapses since 2010, according to The Audit Reform Lab, sparking concerns about auditors neglecting a key duty. A study by the University of Sheffield’s Audit Reform Lab revealed that 75% of aud

Scotland has emerged as a global leader in hybrid working practices, with 71% of finance professionals adopting this approach, compared to the global average of 41%, according to ACCA. The global accountancy body recently conducted a study, shedding light on the state of the UK workplace for fi

Glasgow’s 122 Waterloo Street has been put up for sale by its owner – a client of Knight Frank Investment Management – in what could be one of the biggest deals in the city’s office market during 2024. Knight Frank and Cushman & Wakefield have been jointly appointed to ma

Scotland's gross value added (GVA) is expected to rise by 0.4% this year, down from a previous forecast of 0.7%, according to the latest EY ITEM Club Scottish Spring forecast. A slightly stronger growth trajectory for 2025 is now projected — 1.7%, up from 1.4% — with sustained growth in

BNP Paribas Real Estate has made two appointments in its valuation team across Scotland, marking a doubling in size. Under the direction of Jim Crafford, who took over the role of UK head of valuation in early 2023, the Scotland team has expanded most recently with the recruitment of Guy Dalziel as

TLT has strengthened its banking expertise with the recruitment of Euan Cluness as partner. Joining TLT from Addleshaw Goddard, Mr Cluness brings over a decade of experience advising banks and borrowers on some of the most complex debt finance transactions in the UK.

Following a round of promotions, acounting, audit, and tax advisory firm Saffery has signed a lease to move its Edinburgh team to new premises at 9 Haymarket Square later this year. The new office will provide more desk and collaboration space, accommodating Saffery’s growing Edinburgh-based t

NatWest has recently made waves by facilitating its first "mass market" commercial loan backed by intellectual property (IP).

Scotland's finance professionals and businesspeople gathered at ICAS' second Sustainability Summit to discuss ever-increasing sustainability and ESG reporting requirements. Held in collaboration with Accounting for Sustainability (A4S) at Edinburgh's Virgin Hotel, the event followed on from the inau

Tech-enabled business critical services group AAB has appointed Phil Dunn to its restructuring and recovery team. Mr Dunn, who is based in Glasgow-based, joins as restructuring and recovery director, bringing over 20 years restructuring experience within three of the Big Four accounting firms.

Peterhead-based engineering business JBS Group has achieved a turnover of £11.5 million for the year ended 30 April 2024 – up from £8.3m for the same period last year. The firm has secured a plethora of contracts in the UK and internationally, with clients including operators, glob

Alison Cornwell CA has been appointed as the new president of the Institute of Chartered Accountants of Scotland (ICAS) for 2024/25. Her appointment marks the fifth female to hold the position in ICAS’ 170-year history.

The UK government has granted greater powers for the National Crime Agency (NCA) and police to seize, freeze and destroy cryptoassets used by criminals, effective today.

Scottish corporate insolvencies have decreased from 346 in Q4 2022-23 to 301 in Q4 2023-24, according to the latest insolvency data statistics from Accountant in Bankruptcy (AiB). This is a decrease of 13.0%. Over the same period, there were MVLs (members voluntary liquidations) were down to 94

Dundee-based accountancy firm Ashton McGill, which is founded by father and son Alasdair and Andrew McGill, has announced a 41% increase in annual turnover for 2023. The business attributes this success to an increased portfolio of clients across Scotland, which has propelled it towards achieving a