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
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One in five major businesses in Scotland are ‘financially stressed’ according to new research from KPMG.
Department store company Beales is to close its Perth branch as administrators at KPMG begin the process to close 12 branches across the UK. The move has meant more than half of the company's stores are to close
UK private equity (PE) deal volumes fell to their lowest levels in five years as economic and geopolitical uncertainty gripped the market, according to new research from KPMG. KPMG’s latest study of UK transactions involving private equity investors indicates that a total of 978 deals complete
Venture Capital (VC) investment in Scottish scale-ups almost doubled in 2019, hitting just under £198 million, according to new research from KPMG. The Global Venture Pulse Survey by KPMG Private Enterprise, reveals the amount of money invested in Scottish fast-growth businesses in 2019 reache
Stonewall has released its Top 100 Employers 2020 listing with financial organisations featuring making the cut.
Three emerging giants in the start-up scene have been crowned ‘Scotland’s tech pioneers’ and will now head to London to take part in the UK heat of KPMG’s Best British Tech Pioneer competition. Edinburgh-based Cyan Forensics, Intelligent Growth Solutions, from Invergowrie, an
The Big Four accounting firms are engaging in talks with the audit regulator regarding a self-imposed break-up in an attempt to get ahead of government enforcement action. The Financial Reporting Council (FRC) is currently drawing up guidelines for the separation of audit and consulting operations a
James Kergon, a partner and head of KPMG's deal advisory team in Scotland, looks back at 2019 and previews 2020 from an M&A perspective, focusing on how data and tech are going to drive a lot of future Scottish activity. In recent years, Scotland’s business community has become increa
The value of major fraud cases going through the Scottish courts increased by £11 million, according to the latest data from KPMG’s Fraud Barometer, which analyses alleged fraud worth more than £100,000. Cases, valued at more than £15.6m (£15,669,670), were heard in cou
Beales, the department store company which has a branch in Perth, has appointed KPMG as administrators. Will Wright and Steve Absolom from KPMG Restructuring have today been appointed joint administrators.
Blair Nimmo and James Lumb from KPMG’s restructuring practice have been appointed joint administrators of Dumfries-based Penman MW Ltd, trading as Penman Engineering. So far, 44 employees have been made redundant, with the remaining 17 members of staff being retained to assist the administrati
Retail sales over the two months of November and December, outside of the Black Friday distortions, decreased by 0.9% according to the Scottish Retail Consortium (SRC) - KPMG Scottish Retail Sales Monitor.
The Financial Reporting Council (FRC) has revealed it will need at least another six months to investigate KPMG’s auditing of collapsed construction and services firm Carillion due to the scale and complexity of the case.
Students from a Glasgow primary school were treated to a VIP visit to Scottish Ballet’s headquarters thanks to KPMG UK.