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Alvarez & Marsal, the joint administrator of the former private healthcare company NMC Health, has filed a High Court claim of at least $2.5 billion against the firm's former auditor, EY. Yesterday, Alvarez & Marsal revealed that as part of its "wide-ranging investigation into the situation"

Annual UK house price growth slowed modestly to 12.1% in April, down from 14.3% in March, according to the latest Nationwide House Price Index.

Angela Paterson, insolvency practitioner, at Dunedin Advisory, discusses the role of an Insolvency Practitioner. An IP is an individual who is licenced by a regulatory body to accept formal insolvency appointments and offer debt and restructuring advice. IPs work with both businesses and individuals

Scotland has seen a 164% increase in corporate insolvency numbers (liquidations and receiverships) in the fourth quarter of 2021-22, compared to the fourth quarter of 2020-21, at 240, against 91. According to the latest figures, the number of corporate insolvencies in Scotland stayed the same in Q4

Ryan Macready, senior solicitor at Macdonald Henderson, discusses the intricacies of buying and selling accountancy practices. The majority of Scottish accountancy firms are owner-managed independent general practices, with a local client base. When approaching retirement age, these owner-managers w

The tax paid by residential property owners in Scotland has risen by more than a third over the last three years compared to the same pre-pandemic period according to DJ Alexander Ltd. The firm said that the amount of land and buildings transaction tax (LBTT) collected has increased by 36.3% over th

Aberdeen-based Stewart Milne Group is embarking on a sale process of its housebuilding business, following the decision of its founder and principal shareholder to retire. Nearly 50 years after founding the group, chairman Stewart Milne, 71, is making plans for his retirement and the Board

AAB, the tech-enabled business-critical services group, has announced three internal director promotions within its leadership team. Forming a key part of the group’s ambitious growth plans, these promotions follow on from AAB’s announcement of five partner appointments earlier this mont

The Scotmid Co-operative Society has reported a £10 million increase in its net assets in 2021, taking its assets to £112.7m. The society reported a £5.7m trading profit for the year ending 29 January 2022, compared to £6.4m for the year before.

Stuart Clark, managing director at Russell & Russell Business Advisers, offers advice for business owners who are seeking to achieve a satisfactory exit from their companies. Every so often a flurry of activity ripples through the Scottish business community, of a nature that makes the more astu

UK workers suffered the biggest drop in their real pay since 2013, according to the latest figures from the Office for National Statistics (ONS). The ONS revealed that regular pay, excluding bonuses, plummeted by 1.8% in the three months to February when taking rising inflation into account. Accordi

Chartered accountant Wylie & Bisset has welcomed the record share of female-founded start-ups in Scotland last year and advises them to keep their costs to a minimum and source the best professional advice available to enhance their growth prospects. Research for the Rose Review on Female Entrep

Businesses are being urged to stay vigilant when paying their bills or changing supplier, as new data from Barclays reveals that in the last three months, fraudsters stole the most money from SMEs through invoice scams.

Dundee-based cloud computing company iomart Group has posted its pre-close trading statement for the year ended 31 March 2022, revealing that the group expects to report revenue of approximately £103 million, compared to £111.9m in 2021. The firm has also revealed an adjusted p

Property continues to be a major income source for the Scottish Government, according to analysis of the latest data by property firm DJ Alexander Ltd. The firm has stated that Scotland’s residential property market accounted for £571.6 million in revenues last year with the final six mo