Grant Thornton

Debbie Mayor, director at accountants and business advisers Grant Thornton, reveals why businesses must adopt a similar approach to that taken by Holyrood policymakers in easing lockdown restrictions. Throughout the COVID-19 lockdown businesses of all sizes have demonstrated remarkable agility and r

The majority (88%) of mid-market businesses in the UK have made fundamental changes to their business model during the coronavirus pandemic, according to new research from Grant Thornton’s International Business Report. The research also found that 50% of firms are planning to continue with th

The Financial Reporting Council (FRC) has fined Grant Thornton for repeated breaches of ethical standards. Such breaches included failing to maintain its independence over its audit of collapsed alcohol firm Conviviality.

Grant Thornton has announced that it will be making a series of redundancies, making it the first large UK accountancy firm to issue job cuts during the coronavirus pandemic.The firm's Scottish arm is led by managing partner Andrew Howie and employs 180 staff across its three offices based in Aberde

Begbies Traynor Group has acquired a portfolio of 503 Scottish personal insolvency cases, including a team of five fee earners, from Grant Thornton UK LLP. The acquisition is for an initial consideration of £0.25 million and additional contingent consideration of up to £0.25m, subject to

Accountancy firm Grant Thornton has issued pay cuts and slashed the hours of an estimated 300 UK employees as the firm attempts to reduce running costs without drawing on government coronavirus support. Grant Thornton said that some teams in areas where the firm was less busy would be working &

Accountancy firm Grant Thornton has reported a 90% drop in its audit profits after facing a difficult year where it was put under an investigation by the Financial Reporting Council (FRC). Grant Thornton made a £1 million profit from audits in the 18 months to January 2020, a decrease from &po

The UK's biggest rent-to-own company, BrightHouse, has collapsed, with Grant Thornton appointed as administrators. Chris Laverty, Trevor O’Sullivan and Helen Dale have been appointed as joint administrators of the firm. 

Business advisory firm Grant Thornton has announced a raft of senior promotions and new hires in its Scottish restructuring and forensic investigations teams, taking the headcount to 20 specialists across its Glasgow, Edinburgh and Aberdeen offices. The team growth is in response to increasing deman

Leadership progress has stalled for women despite businesses taking more action than ever to increase gender diversity, according to Grant Thornton's International Business Report. A total of 78% of mid-market businesses globally are actively working on removing barriers to gender parity at senior l

The Financial Reporting Council (FRC) has announced sanctions against Grant Thornton UK LLP. The sanctions are held against Grant Thornton and one of its Audit Engagement Partners in relation to the statutory audit of the 2016 financial statements of a publicly listed company.

A team from Grant Thornton Corporate Finance has led the sale of Ayr-based McConechy's Tyre Service Ltd to Halfords Group Plc. Founded in 1957, McConechy's Tyre Services Ltd is one of Scotland's largest tyre fitting and car repairs companies. It has grown to a chain of 60 branches in Scotland and No

Grant Thornton has cut pay for its partners and delayed its accounts following a difficult year where it was investigated by the Financial Reporting Council (FRC) for unacceptable performance on audits. The average profit per equity partner fell by £20,000 to £323,000 for the year to Jun

The largest payday lender in the UK, QuickQuid, has fallen into administration and left more than one million customers facing financial uncertainty. CashEuroNet UK, which operates the QuickQuid and On Stride brands, has stopped lending following the appointment of Grant Thornton as its adminis

Business advisory firm Grant Thornton has expanded its Growth 365 service in Scotland with the appointment of two senior industry experts Nicola Thomas and Vikki Macleod. Nicola Thomas is a food and drink industry expert who joins Grant Thornton with 20 years’ experience of advising and mentor