Accountancy

With the prospect of another recession looming in the face of the worsening cost of living crisis, Begbies Traynor’s latest data has revealed that Scottish businesses are already suffering with the country seeing a starker increase in advanced distress than the rest of the UK in the second qua

Ken Pattullo and Kenny Craig of Begbies Traynor have been appointed joint liquidators of Broomhall Castle Management Ltd. Mr Pattullo and Mr Craig were appointed on 2 August.

Ken Pattullo and Kenny Craig of Begbies Traynor have been appointed as joint liquidators of homecare business Assist Homecare Scotland Ltd. Mr Patullo and Mr Craig were appointed on July 29.

Michelle Elliot and Stuart Robb from FRP Advisory have been appointed joint liquidators of Perth-based car sales firm Jackson Mathieson Car Sales Limited. The company, which is based at Inveralmond Industrial Estate, closed suddenly earlier this summer.

Construction firm McGill, who recently won contracts with Dundee City Council and the Scottish Police Authority, and several housing associations, is preparing to enter administration for the second time in less than four years, according to a report by The Courier. 

The Financial Conduct Authority (FCA) has fined three former executive directors of Carillion as part of its public censure on the firm.

In the first quarter of this year, corporate insolvency numbers (liquidations and receiverships) in Scotland rose by 49.1%, compared with the same period in 2021. According to new figures published by the Accountant in Bankruptcy (AiB) - Scotland's Insolvency Service - the number of corporate insolv

Grant Thornton UK’s Corporate Finance team in Scotland has advised international buyers on two acquisitions of leisure-related businesses, amid strong interest in the sector as it recovers from the pandemic.

Accountancy firm RSM UK has said that the UK Government's lack of clarity on employment status will lead to continuing confusion over tax and workers rights. Yesterday, the government published its paper, Employment status and employment rights guidance, which contains guidance on employment status

Aberdeen Cyrenians, a local charity that cares for and supports vulnerable people in the North East, has today announced that it has been successful in its bid to become a charity partner for accountancy firm Deloitte. Having been selected by Deloitte’s people based out of the firm’s Abe

One of the largest financial advice networks in Northern Ireland, Milecross Financial has announced a £1.5 million investment to further expand their operations across Scotland through several key acquisitions and partnerships in Glasgow, South Lanarkshire and Aberdeen. This latest move furthe

Wylie & Bisset has broadened its charity expertise with two of its audit managers having been awarded a prestigious Diploma in Charity Accounting (DChA) by the Institute of Chartered Accountants in England and Wales. The DChA is only awarded to those individuals who can demonstrate a high level

EY CEO, Carmine Di Sibio, has said that the his firm stands to gain $10 billion (£8.37bn) in additional fees by separating it's auditing and consulting divisions. EY is the first of the big four firms to move towards breaking up of its different business services. The leaders of the big f

The government has published legislation confirming that low earners who save through a Net Pay Arrangement (NPA) will get the same level of government top-up as those who use Relief at Source schemes. Under the new legislation, 1.2 million low earners to see a boost to their take-home pay from 2025

Corporate insolvencies in Scotland fell by 39% during the first six months of 2022, despite spiralling inflation, rising interest rates and energy costs, supply chain disruption and ongoing geo-political uncertainty continuing to pile pressure on businesses. Analysis of notices in The Gazette by Int