Accountancy

With research from the Federation of Small Businesses showing that a third of Scottish business owners faced an increase in late payment in the last quarter, chartered accountant Wylie & Bisset is advising SMEs that knowledge is key and cash is king when dealing with the issue. Catherine Livings

After some signs of economic recovery earlier last year, businesses in Scotland, along with the rest of the UK, saw a dramatic uplift in instances of advanced financial distress in the final quarter of 2021 as the emergence of the new Omicron variant hampered growth for businesses already impacted b

Glasgow-based wealth management practice Loch Fyne Financial has appointed Jackie Coyne as its newest certified financial planner. Ms Coyne’s role focuses on delivering high quality services and wealth management to the firms growing database of clients.

Aberdeenshire-based financial advisory firm Phil Anderson Financial Services has reported that 2021 was a record year for them, achieving a turnover of £1.33 million, a 20% increase from 2020 and their best financial performance since launching in 2010. Despite the challenges the economy

Paul Dounis and Gareth Harris of RSM Restructuring Advisory LLP were appointed joint administrators to Alpha Homes (Leicester) Limited on 23 December 2021. Alpha Homes (Leicester) Limited was part of the Alpha Homes Group, a student accommodation provider across the UK, and RSM has been appointed to

Callum Carmichael and Michelle Elliot, partners with FRP Advisory, have sold the business, assets and goodwill of Edinburgh-based internet retailer Flowercard International Limited to Flowers in Cards Limited, a new venture formed to acquire the business. Flowers in Cards Ltd plans to invest in and

Scottish corporate insolvencies in the final three months of last year were 77% higher than in the final quarter of 2020, according to the latest figures published by the Accountant in Bankruptcy.

Chartered accountant Wylie & Bisset is advising hospitality sector operators to raise their prices in response to rising inflation and operating costs. While welcoming the easing of Covid-19 restrictions, Catherine Livingstone, partner and head of the business advisory services team at Wylie &am

Aberdein Considine has appointed Darren Polson as head of mortgage operations. Mr Polson brings almost 20 years’ experience in financial services and has joined the firm from Mortgage Advice Bureau where he was head of training and performance in Scotland. He will work alongside Greig Brown wh

Anderson Anderson & Brown (AAB), the tech-enabled business-critical services group, has announced the appointment of Ken Beaty as non-executive chair of AAB Group. Mr Beaty has extensive experience working with the boards and shareholders of high growth private companies through his 20 years as

Audit, tax and consulting firm RSM has appointed restructuring specialist Alan Brown and corporate tax professional James Strang as partners in the Glasgow office. Alan Brown joins RSM from industry where he led Envoy International Limited through a period of change following a merger and prepared t

Interpath Advisory, the independent advisory firm that was formed last year following the sale of KPMG’s UK Restructuring practice, has announced that it has opened a new office in the heart of Glasgow at 130 St Vincent Street. Interpath has taken the fifth floor in the landmark office buildin

Wealth manager Brewin Dolphin has appointed David Barclay as its new head of office in Dundee. In an expansion of his responsibilities, Mr Barclay who is also head of the group’s Aberdeen office, has taken over the role from Ian MacDonald, who is stepping down after 20 years to focus on his ex

KPMG has been hit with another multi-million-pound fine from the Financial Reporting Council (FRC), over its audits of drinks company Conviviality in 2017. The FRC announced yesterday that it had issued a final decision notice under Audit Enforcement Procedure and imposed sanctions against KPMG

Stuart Smith, a former senior auditor at KPMG, has been fined £150,000 and banned for three years after admitting to misleading the Financial Reporting Council (FRC). KPMG and Mr Smith admitted their misconduct in relation to the FRC’s Audit Quality Review (AQR) inspection of the audit o