Accountancy

Scotland’s private equity market closed out a steady year in 2021, with a record number of midmarket deals despite total investment still falling short of pre-pandemic values, according to new analysis by KPMG UK. Despite the uncertainty caused by COVID-19, both volumes and value of mid-market

Henderson Loggie has created a new resource for start-ups that covers everything new businesses need to know to get off the ground and grow. The accountancy firm which has offices across Scotland specialises in supporting businesses through every stage of growth and has collated top tips and expert

Chartered accountants Wylie & Bisset has warned the construction sector against a perfect storm of economic challenges putting pressure on their cash flow. Mark Mulholland, partner in the firm’s Business Advisory department, advised those smaller to medium sized construction firms that typ

Azets, the accountancy firm specialising in the SME sector, has appointed David Meldrum as an associate director within the firm’s fast-growing restructuring and insolvency practice in Scotland. Mr Meldrum has specialist knowledge of all forms of restructuring and insolvency and has provided s

The UK Government has been urged to intervene in the row over the Institute of Chartered Accountants in England and Wales (ICAEW) choosing to keep fines levied against KPMG over the cheating of Silentnight pensioners.

Allan Kelly, Steve Ross and Michelle Elliot, partners at specialist business advisory firm FRP, have been appointed as joint administrators of Together Energy Limited. Allan Kelly and Anthony Collier of FRP have also been appointed to its wholly-owned subsidiary Together Energy (Retail) Limited.

Scottish firms that could be eligible to claim tax relief through the HMRC Tax Incentive are missing out on thousands of pounds that could be injected back into developing their businesses, according to an analysis conducted by Research and Development Specialists.

Big Four firm PwC is being investigated by the Financial Reporting Council (FRC) over its audits of construction firms Kier and Galliford Try. The initiation of these investigations takes the number of probes into the firm to seven. The FRC was already scrutinising PwC's audits of Eddie Stobart, BT,

Flaws found in the way Scottish Canals recorded and valued its assets meant auditors could not give an opinion on its accounts, according to a new report published by Audit Scotland. Scottish Canals' status changed from a public corporation to a non-departmental public body in 2020/21. That cha

Scott James & Associates, a senior partner practice of St. James's Place Wealth Management, has broken through the £100 million funds under management barrier. The Aberdeen-based firm revealed that it had benefitted from increased demand for financial advice throughout the pandemic, this l

The Institute of Chartered Accountants in England and Wales (ICAEW) has received heavy criticism after keeping over £13 million of fines levied against KPMG for its failings in the Silentnight pension fund scandal, rather than allocating the money to the pensioners affected by the scandal. The

M&A volume in Scotland last year rose by 38% over 2020 while deal values rose to £16.4 billion over the same period, according to the latest Experian United Kingdom and Republic of Ireland M&A Review.

Wealth management company Brewin Dolphin has grown its team in Edinburgh with the appointment of investment manager Dennis McGrath. Mr McGrath, who has over 18 years’ experience in financial services, joins the firm from 7IM where he was a team head looking after high-net-worth private clients

The UK Government is suing KPMG for £1.3 billion over allegations it was negligent in its audit of Carillion in 2016. Government ministers have accused KPMG of failing to respond to "red flags" in Carillion's accounts ahead of its collapse in 2018.

Venture Capital (VC) investment in Scotland’s scale-up businesses more than doubled in 2021 as global investors continued to look beyond London last year, according to the latest figures from KPMG. Scotland’s scale-up businesses finished 2021 on a high with almost £100 million in V