News

A record low number of UK companies are set to have gone into administration in 2021, according to the latest figures published by Interpath Advisory. Despite the impact of the COVID-19 pandemic, the firm revealed that 618 firms fell into administration in 2021, which in 2020, the final full-year co

The Financial Reporting Council (FRC) has fined Mazars £314,000 for failing to comply with the Regulatory Framework for Auditing in its audit of a local government authority’s 2019 financial statements. The FRC's Enforcement Committee found failures in the reviewed audit, which it consid

An Inverness suburb is gearing up for the opening of £1.5 million of new retail space this month, the property investment development firm behind the project has confirmed. The development in Culduthel, which comprises four units totalling 4,100 sq ft and with 23 parking spaces is expected to

Scottish housebuilder Miller Homes is being acquired by a fund managed by Apollo from fellow private equity giant Bridgepoint Group.

Airlie Green Low Energy Homes Ltd, an eco-housing developer based in Perth, has secured a £1.16 million development loan from specialist lender Assetz Capital.

Glasgow-based accountancy firm William Duncan + Co has appointed Neil Reid to its board. Mr Reid, who marks 25 years with William Duncan + Co in March, trained and qualified with the firm, and has been a very important part of the firm’s progression and development, with a strong focus on

Swedish hospitality group Pandox has entered into an agreement to acquire the 146-room Adagio Aparthotel Edinburgh for £40.5 million.

A celebrity chef has won defamation proceedings brought against a food critic who wrote a scathing review of his "bland risotto".

HMRC is waiving late filing and late payment penalties for Self Assessment taxpayers for one month, giving them extra time, if they need it, to complete their 2020/21 tax return and pay any tax due. HMRC is encouraging taxpayers to file and pay on time if they can, as the department reveals that, of

Archangels, the Edinburgh-based business angel investment group, led investments totalling a record £23.7 million in promising Scottish tech and life sciences companies during 2021. In a packed year of corporate activity for Archangels, the 11 investments, totalling £23.7m (2020: £

Small businesses in Scotland ramped up their spending on innovation during the first year of the pandemic, according to new figures published by Glasgow-based MCC Accountants. Firms of less than 250 employees invested £143 million in research in development in 2020. That’s a 23%rise from

As the new year gets underway, Johnston Carmichael’s experts look ahead with some optimism, despite the challenges, predicting continued opportunities as the firm adopts a low carbon economy, and increased adoption of technology creates efficiencies. 2021 was another challenging year for Scott

Jason Morris has been appointed regional leader for PwC in Scotland, replacing Claire Reid, who is leaving the role to become UK head of forensics. Mr Morris is a transaction services partner, based in Edinburgh, where he leads the 80-strong Deals practice.

Aberdeen-based restructuring and insolvency expert Richard Bathgate has been appointed as the chair of insolvency and restructuring trade body R3 in Scotland. Mr Bathgate, who is Restructuring Partner at Johnston Carmichael, Scotland’s largest independent firm of accountants and business advis

EQ Accountants has appointed Greg Stapley as its new senior audit manager in its Glenrothes office. Greg Stapley joined EQ on Monday 3 January, having previously worked at AAB in Edinburgh as an audit senior manager. Originally from Kent where he qualified with ICAEW in 2004, he is now based in Dunf