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
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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.
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