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KPMG UK has today confirmed that following a partnership vote, Bina Mehta has been elected with overwhelming support to continue in the role as Chair until the end of February 2024. Bina was appointed as non-executive UK chair in February 2021, following the firm’s move to a new governance mod

The liquidators of Carillion have launched a potential £250 million legal claim against KPMG - the former auditor of the collapsed contractor. The Official Receiver, the government agency in charge of liquidating Carillion, submitted a High Court legal claim against the firm on Friday. Full de

Tim Cooper, chair of insolvency and restructuring trade body R3 in Scotland and a partner at Addleshaw Goddard in Edinburgh, has won the Association’s R3 2021 Excellence Award. Mr Cooper won the award, which was presented in memory of former R3 North West Chair and Council member Matt Dunham,

The threat of an extension to the vaccine passport scheme has prompted chartered accountants Wylie & Bisset to forecast a bleak mid-winter for hospitality sector operators juggling to cope with a drop in customer traffic while facing the prospect of rising admin costs. Deputy First Minister and

UK banks will be forced to refund victims of Authorised Push Payment (APP) scams under new changes to the law published by the Payment Systems Regulator (PSR).

Zetland Capital Partners LLP, a London-based private equity firm, has agreed to acquire the 156-bedroom Macdonald Holyrood Hotel and the 338-bedroom Macdonald Manchester Hotel from Macdonald Hotels & Resorts. The acquisition, for an undisclosed sum, is one of the largest hotels transactions comp

Murray Capital Group, the private investment office of the Murray family, has filed its annual accounts for the year ended 30 June 2021. Profit before tax at the Edinburgh-based firm was £9.8 million, up from an £11.6m loss during the previous reporting period.

The Whisky Chairmen in Inverclyde is among 12 small businesses to be selected as champions of UK start-ups by Start Up Loans, part of the British Business Bank. Start Up Loans Ambassador for Scotland, Rory MacDonald, received a Start Up Loan of £13,000 through British Business Bank delive

As HMRC prepares to issue emails and SMS to self assessment customers, the department is reminding them to be on their guard after nearly 800,000 tax-related scams were reported in the last year. Fraudsters use self assessment to try and steal money or personal information from unsuspecting individu

Next year is likely to see a dramatic rise in personal bankruptcies and asset repossessions as inflation and interest rates begin to climb and consumers struggle to absorb rising levels of debt, Azets has warned. The Bank of England’s new chief economist has warned that inflation is likely to

Some major UK banks are getting decisions about certain customer scams and reimbursement wrong in around eight in 10 cases seen by the Financial Ombudsman Service (FOS), according to Which?. Which? said a “reimbursement lottery” leaves many victims struggling to recover their money when

A lack of new properties being listed for sale continues to drive house prices up, while most new buyers don’t factor in energy efficiency in their purchase, according to the October 2021 RICS UK Residential Market Survey.

Finance specialists Access2Funding has acquired chartered tax advisers and accountants George & Co (Scotland) Limited for an undisclosed sum. The independent Edinburgh-based chartered tax advisers and accountants’ firm will now sit under the umbrella brand being ‘powered by

The HALO Urban Regeneration Company has announced PRA Group, Inc., a global leader in the nonperforming loan industry, as the anchor tenant of Kilmarnock’s HALO Enterprise and Innovation Centre (HEIC), bringing career opportunities and a 15-year commitment to the town. The US-based PRA Group e

Scotland’s onshore GDP grew by 0.1% in August, remaining 1.3% below the pre-pandemic level in February 2020, according to new statistics from the Chief Statistician. In the three months to August, GDP is estimated to have grown by 2.6% compared to the previous three-month period.