More than £32 million of Venture Capital (VC) was invested into Scottish start-ups in the third quarter of 2019, according to KPMG’s latest Venture Pulse survey. The figures, compiled by Pitchbook, reveal that both deal volume has dipped slightly, from 16 deals in the previous quarter, t
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A total of 15 employees at KPMG UK's Aberdeen office have been promoted. The promotions arrive as the firm prepares for further growth in the North East.
Department store chain Watt Brothers has gone into administration, with Blair Nimmo and Alistair McAlinden of KPMG LLP appointed as joint administrators. The fourth generation family-owned business, incorporated in 1915, operates a chain of department stores including its freehold flagship store on
The number of Scottish companies entering into administration, receivership or liquidation has decreased by almost 35 per cent in the last quarter, according to new analysis by KPMG. There were a total of 158 corporate insolvency appointments in the three months to 30 September 2019 – dow
Apropos by DJ Alexander has said that Boris Johnson’s EU deal is unlikely to stabilise UK house prices. The firm believes that even if the agreed deal is passed in Parliament, the housing market will still face uncertainty as the wider ramifications of the deal for the UK leaving the EU remain
The sale of non-essential goods dropped in Scotland last month, new research conducted by the Scottish Retail Consortium (SRC) and KPMG reveals.
Accountancy firm Johnston Carmichael has taken over the audit role for Dunedin Enterprise Trust after KPMG was axed. Johnston Carmichael won the contract for the major private equity investment organisation following changes to guidance over the independence of auditors.
Buyers are sought for the purchase of the OYO Beveridge Park Hotel in Kirkcaldy following its move into administration. Twelve people have lost their jobs as the prominent Fife hotel closed its doors for good last weekend.
New research from KPMG UK has revealed that almost a quarter of Scots (23%) spend more than half their income on the day it’s paid into their account.
Four Scottish accountancy veterans have been recruited by Belfast finance firm HNH to open a new corporate finance office in Edinburgh to target small and medium-sized enterprises (SMEs) including family-owned companies. HNH specialises in advising customers in deals within the £1 million to &
Business leaders from across Scotland have come together to share their stories and inspire young people as part of National Inclusion Week. On Wednesday, representatives from KPMG, Martin Currie, PwC, Royal London Group, Investment2020 and Aberdeen Standard, spoke to over 100 S4 pupils at St.
The administration process for McGill & Co has been extended until January 2021 as administrators said the “level and timing” of distributions to unsecured creditors in the former Dundee building services firm remains unclear. Almost 380 jobs were lost when McGill collapsed at the st
The Scottish Building Society (SBS) has joined the Scottish Financial Enterprise (SFE). SFE supports Scotland's financial services sector and includes organisations such as HSBC, Investe, Jpmorgan, KPMG and Lloyds Banking Group. It represents an industry that employs over 160,000 people in Scot
Big Four firm KPMG has warned Scottish businesses to prepare for a recession in the event of a no-deal Brexit. According to KPMG's latest quarterly Economic Outlook, a disorderly exit from the European Union on 31 October could prompt a four-quarter recession with GDP contracting by 1.5% next year.
Scottish policy-makers should consider the creation of a "Productivity Data Bank" to help accelerate solutions to Scotland's productivity challenges, according to CBI Scotland and KPMG.