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In January 2024 there were 88 company insolvencies registered in Scotland, 19% lower than the number in January 2023, according to The Insolvency Service. This was comprised of 34 compulsory liquidations, 46 CVLs, seven administrations and one CVA. There were no receivership appointments.

Virgin Money is bracing for a potential investor revolt as influential adviser Pensions & Investment Research Consultants (PIRC) has criticised the £2.6 million package awarded to CEO David Duffy, who has led the group since 2015 and weathered the £1.7 billion takeover by Clydes

A new survey by accountancy firm Azets has revealed that despite 58% of businesses considering succession planning, the high levels of awareness about succession are not being matched with formal planning. The latest Azets Barometer survey – which measures the opinions of business leaders acro

The total value of all homes across the UK now stands at £8.678 trillion, with Scotland showing a 1.3% increase in total value and outperforming the rest of the UK, according to new research by Savills. Faisal Choudhry, head of residential research for Savills in Scotland, said: &ldq

PwC UK has made the decision to delay the promotion of 90 junior consultants, keeping them on the graduate programme for a further six months, citing insufficient work amidst a challenging market environment. The decision specifically affects graduates who joined PwC's consulting practice in late 20

The UK economy has taken a significant hit since leaving the European Union, according to a report by Goldman Sachs.

Scotland's listed companies experienced a notable increase in profit warnings during Q4 2023, surpassing the combined warnings of the entire preceding year, as revealed by EY-Parthenon's latest Profit Warnings report. Ten profit warnings were issued in 2023, with six in Q4 alone. The number of Q4 wa

Johnston Carmichael has expanded its audit team with the appointment of Matt Kaye as new audit partner. Mr Kaye joins from a Big Four audit team, bringing nearly two decades of extensive experience advising large owner managed business clients across a variety of sectors and leading key client

Sixteen business representative groups have jointly written to the Scottish Government’s Deputy First Minister & Finance Secretary, Shona Robison MSP, to voice alarm at the Scottish Government’s consideration of a new business rate surtax and what it means for wider tax policy towar

Accountancy group MHA has solidified its presence in Scotland with the merger of Geoghegans, a prominent Edinburgh-based accountancy firm. The move marks the second merger in Scotland for MHA, the first being with Aberdeen-based accountancy firm Meston Reid & Co in October 2023.

Figures published today from KPMG UK’s Fraud Barometer, which records alleged fraud cases with a value of £100k and above, has shown the number of reported fraud cases outside of the London region rose to 183 cases in 2023, up from 172 in 2022. Within this, the Midlands had 37 cases reac

AG BARR plc has appointed Euan Sutherland as its chief executive officer, effective from 1 May 2024. With extensive experience in consumer goods, Mr Sutherland has previously led notable UK and international businesses, demonstrating a successful track record in achieving sustainable growth based on

Jo Armstrong has been appointed as the new chair of the Accounts Commission. Ronnie Hinds, who has been acting as interim chair of the Accounts Commission since May 2023, is stepping down at the end of January.

Perthshire-based Morris Leslie Plant Hire has reported a pre-tax profit of £11.5 million and revenues of £49.1m, in its 2022/23 annual accounts.

Big Four firm EY has initiated the monitoring of office attendance for its UK employees, using a swipe card entry system and circulating the data at senior levels.