Grant Thornton UK has marked a record high in its apprenticeship programme this year, welcoming 213 school leavers, representing a 13% increase from the previous year’s 188 participants. This is the largest intake by the firm in its history.
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Rising interest rates and high costs have pushed many Scottish businesses to review their spending, freeze pay increases and restructure their operations, in a bid to manage their finances, according to new research from Grant Thornton UK LLP’s Business Outlook Tracker. The survey of 51 S
Recent findings have revealed that a significant proportion of Generation Z in the UK holds misconceptions about the accountancy profession. The study, commissioned by Grant Thornton UK, which involved 2,000 respondents aged 16-25, suggests these misconceptions might be preventing many young individ
New research from the Grant Thornton UK LLP's Business Outlook Tracker has indicated that India is a vital target for international growth among mid-sized Scottish businesses. The study highlights that 36% of Scottish business leaders are planning to expand internationally within the forthcoming six
Business and financial adviser Grant Thornton UK LLP has migrated its Edinburgh office to a new state-of-the-art workspace located on the fifth floor of 7 Castle Street. With 4,200 sq ft at the refurbished 11,983 sq ft Grade A office building, the new space provides the Scottish team with a sustaina
In the year since the UK government announced the creation of investment zones, Scottish mid-market business leaders remain unconvinced of their efficacy in contributing to the 'Levelling Up' agenda.
In an environment of soaring interest rates and stubborn inflation, UK households continue to feel the sting of the ongoing cost of living crisis, with a cumulative loss of £65 billion in spending power forecast by May 2024, according to research by Grant Thornton UK and Retail Economics.
Grant Thornton UK's Scotland corporate finance team has witnessed an impressive first half of 2023, successfully overseeing eight deals in H1, totalling more than £175 million. Most recently, the team, led by partner Neil McInnes, advised on Ancala Partners' investment into Noventa Energy
During Mental Health Awareness Week (15-21 May) new data has shown that almost two thirds (61%) of mid-market business leaders say the uncertain economic climate is negatively affecting their stress levels and mental wellbeing. Grant Thornton UK’s bi-monthly Business Outlook Tracker research,
Julie Tait and Stuart Preston, of Grant Thornton UK LLP, have been appointed as administrators of Yes Recycling (Fife) Limited. The company entered administration last Thursday 20 April 2023 as a result of cash flow difficulties stemming from its inability to operate at full capacity.
Grant Thornton UK has reported a 12% increase in revenue to £610 million in 2022, up from £543m the previous year. Pre-tax profits rose by only 5% to £121m due to increased costs. The firm opted to invest in pay rises, promotions, and hiring a record number of school-leavers amid i
As the Chancellor prepares his Spring Budget, new research has revealed the policy areas that Scottish mid-market business leaders hope to see prioritised. The Grant Thornton UK LLP’s latest Business Outlook Tracker found that incentives to support low carbon business strategies and incentives
If the Energy Bill Relief Scheme is not extended beyond March, or alternative government support provided, businesses will need to make tough decisions about how they manage the higher cost of energy bills, according to research from Grant Thornton's latest Business Outlook Tracker. Of the 600 mid-s
Personal insolvency firm Harper McDermott Ltd has embarked on an exciting future after it transferred to employee ownership in a transaction led by business advisers Grant Thornton UK LLP.
Despite depressing economic forecasts, Scottish mid-market business leaders are surprisingly optimistic about their growth opportunities. According to data from Grant Thornton UK LLP’s latest Business Outlook Tracker, mid-market optimism has rebounded across all indicators monitored: