UK car production rose 46.6% in March, the first increase after 18 months of decline, with 115,498 cars manufactured, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT).
The number of new tech companies being set up in Scotland rose by 12% in 2020 according to new analysis by audit, tax and consulting firm RSM. In total, there has been 545 tech businesses incorporated in 2020 according to data held by Companies House, a 12% increase compared with 485 in 2019. Scotla
The RSM Financial Conditions Index has continued to improve, and with it a trajectory that steepened marginally, reflecting a wider more optimistic mood amongst policymakers and analysts as they revise up their Q1 GDP figures. The firm’s Index, an aggregated performance indicator of currency,
Audit, tax and consulting firm RSM has promoted Victoria Kirkhope to partner within its internal people team and appointed two new partners, Grant Morrison and Paul O’Leary to strengthen the audit and technology risk assurance teams, respectively. Glasgow-based Ms Kirkhope is RSM’s head
RSM’s capital markets team advised on Parsley Box Group plc, a direct to consumer provider of long-life ready meals, on its £83.8 million initial public offering (IPO) today and Calnex Solutions plc IPO which raised £22.5m in October 2020. Parsley Box Group plc, which admits to AIM
RSM’s corporate finance practice in Scotland has seen a doubling in deals activity when compared to last year - despite an unprecedented economic landscape due to the impact of COVID-19. The Scottish corporate finance team has advised on over 40 transactions in the last 12 months, including th
New research published by audit firm RSM has revealed that the pandemic and Brexit could both be acting as catalysts for rebalancing the traditional order of returns in real estate, with Scotland being cited by over three-fifths of respondents to achieve the greatest residential yields in the next f
Audit, tax and consulting firm RSM has predicted that insolvencies will double in 2021 when government support, such as the furlough scheme and bounce back loans, ends. According to the Insolvency Service, there were 12,557 company insolvencies in 2020, down on the 17,225 the previous year.
Experian has announced its top financial advisers in Scotland with the release of its 2020 United Kingdom and Republic of Ireland M&A Review. Experian said that M&A activity in Scotland significantly impacted by the COVID-19 crisis and experienced its worst year on record according to its la
Finance secretary Kate Forbes did not announce any changes to income tax rates and bands in the coming year after she set out the Scottish Government's budget plans yesterday. Ms Forbes said that in light of the current coronavirus pandemic, it is vital that the Scottish Government continues to supp
RSM and KPMG's heads of tax in Scotland have issued predictions for the upcoming Scottish budget with the two anticipating a focus on recovery after COVID-19. Shirley McIntosh, RSM’s head of tax in Scotland, said the budget should be a 'war chest statement' ahead of the May election.
The latest Financial Conditions Index released by audit firm RSM has indicated signs of cautious optimism emerging for the year ahead. But whilst the Trade and Cooperation Agreement with the EU has been largely welcomed by middle market businesses, RSM says the absence of clarity around key issues i
Audit, tax and consulting firm RSM has strengthened its Aberdeen office with four key appointments in tax and financial reporting - bringing wider expertise to the team. Andrew Good has joined RSM as an associate director in the tax team; while Scott Allan joins as a corporate tax manager. In additi
RSM has called on Chancellor Rishi Sunak to urgently consider a 12-month delay to the introduction of HMRC’s preferential creditor status as it will both limit funding and restructuring options for Scottish businesses. The audit, tax and consultancy firm believes that the change, due to