The Financial Conduct Authority (FCA) has censured the auditor Macintyre Hudson LLP (MHA) for failing to prepare client assets reports to the required standard.
Mha
Excluding the impact of being a partner in an unincorporated business which is declared bankrupt, the two main routes into bankruptcy are by an individual submitting the appropriate form to the accountant in bankruptcy (AiB – a civil servant based in Ayrshire) or a creditor lodging a petition
Accounting and advisory firm MHA has reported revenues of £180 million for the year end 31 March 2024, an increase of 27% on £142m reported in 2023. Revenue has doubled in the last 4 years from £90m in 2020. Total headcount is now 1,820 people across 24 offices with 136 partners.
MHA, the UK member of Baker Tilly International, has been formally accepted a member into the UN Global Compact Network (UNGCN) and engaging as a key participant in the audit accountancy & assurance sector. As a new member, MHA has developed an internal ESG framework aligned with the U
Michael J M Reid of MHA in Aberdeen has been appointed liquidator for a Buckie-based machinery supply company.
As Scotland's major cities prepare to implement low emission zones (LEZs) on 1 June, a Scottish accountant has expressed concerns about the potential economic impact on businesses. Euan Fernie, partner at MHA in Edinburgh, believes that while improving air quality is crucial to the environment and p
Accountancy firm MHA, which recently expanded into Scotland, is now setting its sights on Ireland. At the end of last year, MHA – Baker Tilly International's UK member – established its first Scottish presence through the merger with Aberdeen-based Meston Reid & Co. This was followed
Licensed insolvency practitioner Michael Reid discusses the importance of effective cash flow management as the key to the success and survival of businesses, particularly in the current economic climate. Every business owner’s mantra: “Cash is King”
Alan Stewart, tax partner at MHA's Aberdeen office, provides analysis of the key Scottish implications from the Chancellor's Spring Budget, offering his insights into how the fiscal measures will impact various sectors and individuals across Scotland. Since the Chancellor’s Autumn statement, i
Continuing from last week's blog, Michael Reid, a licensed insolvency practitioner and managing partner of accountancy firm MHA, discusses common questions faced by directors seeking advice, addressing topics such as buying company assets during liquidation, the court-driven nature of the proce
Michael Reid, a licensed insolvency practitioner and managing partner of accountancy firm MHA, discusses the implications of liquidation. The ongoing impact of interest rates at a level higher than we have been used to for many years, coupled with sluggish demand due to the cost-of-living crisis, me
Accountancy group MHA has solidified its presence in Scotland with the merger of Geoghegans, a prominent Edinburgh-based accountancy firm. The move marks the second merger in Scotland for MHA, the first being with Aberdeen-based accountancy firm Meston Reid & Co in October 2023.
UK accounting firms MHA and MHA Moore and Smalley are to formally merge from April, creating a nationwide audit, tax and advisory practice with 1,600 partners and staff operating from 21 offices. This announcement caps a busy last 12 months for MHA, having opened offices in 2023 in Scotland and Wale
Michael Reid discusses the complexities and challenges of trade credit, focusing on retention of title issues, the role of credit reporting agencies, and the difficulties faced by suppliers in reclaiming goods in the event of a buyer's insolvency or liquidation. It is an accepted feature of the busi
Insolvency practitioner Michael Reid provides an overview of the financial implications for unsecured creditors during a company's liquidation process, highlighting the changes in legislation that have influenced the distribution of assets and the potential for creditors to receive dividend pay