Kpmg

KPMG is forecasting negative GVA (Gross Value Added) in Scotland of at least 8.1% in 2020, as the full economic cost of COVID-19 becomes increasingly clear. The analysis, which is based on the sectoral makeup of Scotland, predicts a significant drop this year, followed by a potential GVA growth in 2

Scottish retail sales have declined by 13.0% compared with March last year, according to the latest Scottish Retail Consortium (SRC) and KPMG Scottish Retail Sales Monitor. 

BDO is the latest major accountancy firm to announce cuts to partners remuneration and the furlough of staff with the firm decreasing partner pay by a fifth amid the coronavirus pandemic. BDO, which is the fifth-largest accounting group in Britain by revenues, told its 5,500 employees yesterday

The UK retail sector suffered its worst March on records as sales plummetted amid the coronavirus pandemic, according to the latest British Retail Consortium (BRC) and KPMG Retail Sales Monitor.

Partners at the UK's biggest accountancy firms will have their payouts slashed by hundreds of thousands of pounds this year as the sector prepares to face a huge crash in revenues amid stemming from the coronavirus outbreak. Yesterday, partners at BDO agreed to cut partner pay by up to 25% in a bid

The Financial Reporting Council (FRC) has imposed sanctions against KPMG, ordering the audit firm to pay £700,000 for audit quality breaches. The watchdog has imposed the sanctions against KPMG and Nicola Quayle, the former senior partner for KPMG's Manchester office, in relation to the statut

KPMG has been appointed as administrators of Glasgow-based fabric and soft-furnishing company Remnant Kings Central Limited. Blair Nimmo and Alistair McAlinden were appointed as joint administrators of the firm yesterday.

The impact of the COVID-19 virus is expected to see the UK economy contract by 2.6% in 2020, according to KPMG UK’s latest quarterly Economic Outlook. However, the accountancy firm has warned that a protracted outbreak could result in a more severe impact than the downturn experienced in

The joint administrators of the Beales department store chain, Will Wright and Steve Absolom from KPMG, have confirmed that all remaining Beales stores, including Perth, will close today. While this is two weeks ahead of the administrators’ original schedule, the impact of Covid-19 on the reta

Poor weather across Scotland has decreased retail demand in Scotland, according to the Scottish Retail Consortium and KPMG Scottish Retail Sales Monitor for February 2020.

KPMG has appointed Graeme Williams to lead its corporate finance team across central Scotland, as the company prepares for an uplift in Scottish deal activity in 2020. Joining with over 10 years' experience in working in the 'Big Four' across London and Scotland, Mr Williams will lead the team with

Mid-market private equity investment in Scotland remained resilient throughout 2019 despite ongoing political and economic uncertainty, according to new research from KPMG. A total of 32 Scottish deals were completed over the course of 2019, down from 34 in 2018. While only representing six per cent

Blair Nimmo and Alistair McAlinden of KPMG have been appointed as joint administrators of Scottish mobile crane hire company Whyte Crane Hire. All 11 jobs have been lost at the company, which operated from two leased premises in Aberdeen and Grangemouth. 

The future of Penman MW Limited has been secured administrators from KPMG secured the sale of the trading business to commercial vehicle builder, Martin Williams (Hull) Limited. Blair Nimmo and James Lumb, from KPMG’s restructuring practice, were appointed joint administrators of Penman M

One in five major businesses in Scotland are ‘financially stressed’ according to new research from KPMG.