Bdo

A further £3.1 million has been cut from the tax bill owed by the firm which formerly owned Rangers Football Club. Sources in the financial sector told The Times that it appeared the bill was likely to be reduced further as liquidators said they were having “positive discussions” w

Accountancy firm BDO is to pay its partners an average of £518,000 each, despite receiving furlough money at the start of the coronavirus pandemic. The firm revealed that the annual payout to its 264 partners reached £137 million and that it has decided to retain the furlough money it re

Medium-sized businesses in Scotland predict a strong recovery once a COVID-19 vaccine is rolled out, according to new data from BDO. The latest BDO Rethinking the Economy survey showed that 56% of Scottish businesses predict they will fully recover in less than six months once a vaccine for COVID-19

Medium-sized businesses in Scotland believe COVID-19 will worsen the UK’s north/south economic divide, according to a poll of 500 business leaders published today by accountancy and business advisory firm BDO.  According to the survey, 30% of medium-sized business leaders believe the outb

The Spanish division of accountancy firm BDO is facing a €100 million fine over a fishing company's accounts. BDO's Spanish division was the auditor of Pescanova, a Galician foods group, for over ten years before the firm filed for insolvency in 2013, having incurred debts of more than &eu

Graham Newton and Ryan Grant of BDO LLP have been appointed joint administrators of Dave Whelan Sports Limited (DW Sports). DW Sports currently operates 73 gym and 50 retail sites in the UK, 25 of the stores have already closed prior to the firm's administration.

The majority (90%) of medium-sized businesses in Scotland can only continue trading for up to nine months with current funding arrangements, according to new research from accountancy and business advisory firm, BDO. BDO’s second Re-thinking the Economy survey reveals that medium-sized busines

BDO, which is the second-largest auditor of listed companies in the UK, has been fined £160,000 and reprimanded over its audit of international insurer AmTrust Europe Limited. The Financial Reporting Council (FRC) said the fined related to BDO's unintentional rule breaches relating to failures

In yesterday's summer economic statement, chancellor Rishi Sunak announced a number of measures aimed at supporting the UK economy in the wake of the coronavirus pandemic, such measures include a temporary 5% VAT cut for the food and hospitality industry. The cut marks a significant reduction from t

Business leaders in Scotland have called for the government to replace Business Rates with an online sales tax similar to Digital Services Tax, according to a new poll conducted by accountancy and advisory firm BDO LLP. A significant majority (81%) of Scottish respondents indicated that with busines

Cash generation of businesses in Scotland was worryingly low heading into the cash crunch triggered by the coronavirus pandemic, according to a new study by accountancy and business advisory firm BDO. BDO’s analysis of UK businesses shows that those in Scotland converted just 2.7% of the

BDO is now the second-largest auditor of listed companies in the UK, according to new data from Adviser Rankings.  The firm is the UK’s fifth-largest accounting firm by revenue as it has gained 35 listed clients in the 12 months to May. As a result, BDO now audits 297 listed companie

BDO, the liquidator of the former owner of Rangers Football Club (RFC), has accumulated fees of around £1,700 per day, according to its latest report. BDO has had its bill for £290,000 for work between November 2 last year and May 15 in 2020 approved by the creditors’ committee of

BDO has taken over from KPMG as the auditor of Ted Baker. In January, Ted Baker reported that the value of inventory held on the group’s balance sheet at 26th January 2019 was overstated by £58 million, a number more than double the value of the £20-25m it initially suggested.

Fraud cases in Scotland are expected to rise this year as fraudsters are increasingly taking advantage of the coronavirus outbreak, according to a new report by from accountancy and business advisory firm BDO. Fraudsters are understood to be taking advantage of the COVID-19 outbreak, with mass