Johnston Carmichael

Businesses must prioritise cash flow management and ensure they have access to sufficient levels of funding as the coronavirus second wave tightens its grip, according to accountancy firm Johnston Carmichael.  As England enters another national lockdown and Scotland faces ongoing uncertainty am

Adam Hardie, head of food and drink at Johnston Carmichael, considers the challenges as the food and drink sector returns to "normal". While the impact of the Covid-19 pandemic has proved devastating for many sectors, small, local food and drink suppliers have been on the right side of an unpreceden

Richard Bathgate, restructuring partner at Johnston Carmichael, discusses the potential benefits of restructuring your business.  In my experience, when it comes to tasks you’d rather put off, speaking to an insolvency practitioner about restructuring your business is right up there with

Eight young chartered accountants from accountancy and business advisory firm Johnston Carmichael have been recognised by ICAS as top performers in the industry. The ICAS Top 100 Young CAs list showcases chartered accountants under the age of 35 who are leading the way in the accounting, business an

Alan Hamilton, corporate finance director at Johnston Carmichael, has called on businesses to review their funding requirements ahead of a “perfect storm” of liquidity challenges, as government support for businesses adversely impacted by COVID-19 starts to unwind. The government-ba

Matt Henderson, restructuring partner at Johnston Carmichael, reflects on the speculation of imminent corporate failures in the UK stemming from the coronavirus pandemic.  There’s been a lot of concern expressed that an imminent rise in corporate failures is on the cards as soon as s

Gordon MacLure, restructuring partner at Johnston Carmichael, details the steps businesses can take now to get some breathing space as the HMRC's preferential creditor status has now been restored. The HMRC’s secondary preferential creditor status was restored on 22 July 2020 when the Finance

Members of Johnston Carmichael's restructuring team have published a commentary on the introduction of the Corporate Insolvency and Governance Act 2020, which came into force on June 26 bringing new measures to provide extra support to businesses in financial difficulty due to COVID-19. The int

Scotland’s local food economy is enjoying an unprecedented boost as consumers seek alternatives to the supermarkets, focusing on home delivery and convenience retail amid wellbeing concerns, according to a senior food and drink expert from Johnston Carmichael. Adam Hardie, partner and head of

The COVID-19 pandemic has temporarily brought a halt to the Edinburgh Tax Network’s regular in-person lunchtime seminars. However, with the support of Terra Firma Chambers and the Chartered Institute of Taxation, the talks will continue and be presented using a virtual format. The first webina

Donald McNaught and Matt Henderson of Johnston Carmichael have been appointed joint nominees for a proposed company voluntary arrangement (CVA) on behalf of three companies in the David Urquhart Group; David Urquhart (Travel) Limited, David Urquhart Transport Limited and Hart Hotels Limited. Three C

Stewart Pennington, partner at Johnston Carmichael, has urged Scottish food and drink businesses to review suitable options to avoid closing for good amid the coronavirus pandemic.  As businesses in England begin to get back to work, the future remains uncertain for Scottish firms.

Insolvency practitioners across Scotland are preparing for an upsurge of insolvencies stemming from the economic impact of the coronavirus pandemic which is likely to accelerate the demise of companies that were struggling in any event. And they are warning that cash will be king in the coming reces

Jonathan Young, a member of Johnston Carmichael's financial planner support team, discusses why investors shouldn't run from negative returns during the coronavirus outbreak.  Whilst the impact of the coronavirus crisis (COVID-19) is still being measured around the world, and in some ways is im

Robin Dandie, partner and head of rural at Johnston Carmichael, discusses the impact of the coronavirus pandemic on farming and rural businesses. At the beginning of the lockdown it seemed like much of the agricultural sector would be relatively unaffected, but within a couple of weeks it has now be