Azets

The recent introduction of Glasgow's low emission zone (LEZ) has had unexpected financial repercussions for both businesses and their employees, following a staggering 6,000 penalty charge notices in July, according to accountancy firm Azets. The rise in penalty charge notices linked to the new

Accountancy and business advisory firm Azets has raised £12,258.50 for The Archie Foundation following a range of fundraising efforts. Azets staff arranged a corporate golf day, a quiz night and a bake sale to support the organisation - which is the firm's chosen charity of the year.

Chris Tate, a restructuring and recovery expert at Azets, has said that new financial pressures are continuing to drive business failures across the UK, with the hospitality sector most vulnerable to stubbornly high inflation – causing a "perfect storm to brew". The warning comes as new monthl

Azets has unveiled new senior appointments in Scotland led by the promotion of Greig McKnight, currently Glasgow regional managing partner, to regional managing director for Scotland. The promotions include two partner appointments comprising public sector audit specialist David Eardley and Gem

Glasgow-based multi-service construction company, Tough Construction, has transferred its entire shareholding to an Employee Ownership Trust (EOT), marking it as the largest business in Scotland to do so. The company, established in 1974, specialises in projects for house builders throughout Central

Upcoming revisions to the research and development (R&D) tax relief process, set to take effect on 1 August, could discourage Scottish SMEs from applying for vital financial support, according to an R&D expert. Gemma Monaghan, head of R&D tax in Scotland at Azets, warns that the new proc

James Fennessey, Colin Haig and Matthew Richards, partners with accountancy firm Azets, have secured a going-concern sale of the Antonine Shopping Centre in Cumbernauld to a new joint venture company, Beltrace (Antonine) Ltd., for an undisclosed sum.

Azets has appointed 33 permanent audit seniors from across Africa under a new international recruitment scheme, in partnership with GAP Talent, with plans to hire 66 additional auditors this coming autumn. Scotland is projected to receive approximately 10% of the 99 newly-qualified accountants

Azets has appointed Alan O'Riordan as a corporate finance partner based in the accountancy firm's Edinburgh office. Mr O'Riordan, an experienced mergers and acquisitions (M&A) specialist, will focus on assisting corporates, SMEs, and private equity-backed businesses in developing and executing t

International advisory, compliance, and outsourcing group, Azets, has appointed Peter Gallanagh, previously regional CEO for Scotland and Northern England, as its new UK CEO. Mr Gallanagh will step into his new role effective 1 July 2023, signalling a shift for Azets UK from a regional to a national

Blair Milne, James Fennessey and Robert Young, insolvency practitioners from Azets, have been appointed joint administrators of MHA Auchlochan, the owner and operator of Auchlochan Garden Village retirement complex in Lanarkshire, Scotland. The complex, which includes 235 properties and two care hom

Zakir Issa, a sibling of the billionaire Issa brothers who own Asda, has acquired the Bon Accord shopping centre in Aberdeen through EP Properties for a sum believed to be less than £10 million.

Blair Milne and James Fennessey, partners with Azets, have been appointed joint administrators of one of the UK’s longest continuously operating care homes, Balmanno House in the West End of Glasgow.

The Perth office of accountancy firm Azets has appointed Lisa Macpherson-Fletcher as a new tax partner specialising in land tax planning for businesses, farms, estates and families. Ms Macpherson-Fletcher, who has over 20 years’ experience advising a wide range of clients, is widely regarded a

James Fennessey, Colin Haig and Matthew Richards, partners with accountancy firm Azets, have been appointed joint administrators of Bridges Antonine LLP, the owner of the Antonine Shopping Centre in Cumbernauld. Following a period of creditor pressure, the administrators were appointed to take contr