Azets: Working capital risk for SMEs in £50bn consumer boom

Businesses looking to reopen and capitalise on a potential £50 billion boom in consumer spending could face a major new insolvency risk – a lack of working capital, according to accounting, tax and business advisory firm Azets. 

Published 7 April 2021

Murdoch MacLennan: Businesses must be aware of currency risk as international trade beckons

Murdoch MacLennan, banking partner with Azets, is warning export-focused businesses targeting markets outside of the EU that they need to be aware of the risks and costs of currency differences and fluctuations, an issue that will be new to many businesses if they have only traded with the EU.

Published 24 March 2021

Asset finance boost for SMEs as Azets forms partnership with Propel

Specialist UK asset finance provider Propel and accounting, tax and business advisory firm Azets have formed a partnership that will give thousands more SMEs access to fast and flexible asset finance for investment in plant and equipment.

Published 22 March 2021

Azets invests in new Aberdeen office and launches drive for 40% staff increase

Azets, the accountancy firm that specialises in the SME market, has taken on a ten-year lease on new offices in the heart of Aberdeen’s professional services district, effective from today.

Published 1 March 2021

Azets promotes four Scottish partners into senior management roles

Accountancy firm Azets has promoted four Scottish partners, Chris Horne, Peter Gallanagh, Greig McKnight and Bernadette Higgins into senior management roles across the international and UK business.

Published 15 February 2021

Azets: Drop in personal insolvencies welcome but will be short lived

A year on year fall of 54% in the number of personal insolvencies in Scotland (bankruptcies and protected deeds) due to the introduction of emergency legislation in April 2020 is to be welcomed but is likely to be short-lived, Blair Milne, a restructuring and insolvency expert with Azets has warned.

Published 11 February 2021

Aileen Scott: Budget tax cuts wish list essential to protect SME community

Aileen Scott, head of tax in Scotland with Azets, discusses why the forthcoming Budget must further relax business taxes and minimise the growing risk of closures and redundancies across the SME community.

Published 9 February 2021

Azets marks apprenticeship week with 443 apprentice appointments

Azets is celebrating the start of National Apprenticeship Week by announcing that the business has recruited 443 apprentices during the current financial year.

Published 8 February 2021

Murdoch MacLennan: 'Bad Bank' preparing to return

Murdoch MacLennan, banking partner in Scotland with accountancy firm Azets, has warned that 'Bad Bank’ – the term coined for the specialist units within banks where businesses showing signs of financial distress are transferred – is likely to make a return to the UK’s business banking sector in the coming months.

Published 25 January 2021

Martin Keenan: Scottish Seafood takes brunt of complex ‘Teething Problems’

Martin Keenan, a cross-border VAT specialist with Azets in Scotland, has warned that the recent description of the problems faced by Scottish Seafood businesses trying to deliver their products to EU customers as “Teething problems” significantly understates the complex and challenging issues many food businesses are having to address.

Published 20 January 2021

Murdoch MacLennan: Lenders must support businesses by extending repayment holidays

Murdoch MacLennan, a partner with Azets and a specialist in banking, is urging lenders to continue supporting businesses struggling with cash flow problems by extending for a further six-month term capital repayment holidays for debt that was arranged pre-COVID.

Published 11 January 2021

Fraser Campbell: Back hospitality with a tax free home office party

Fraser Campbell, head of family business with Azets, has suggested that Scotland’s businesses wanting to thank their staff in the traditional manner at Christmas should back their local hospitality enterprises by taking advantage of HMRC’s tax-free annual exemption of up to £200 for ‘Office’ Christmas parties.

Published 9 December 2020

Azets comes top for expertise and service in charity auditor awards

Accountancy firm Azets has been ranked first for expertise and quality of service in the Charity Finance Audit Survey 2020, with 96% of respondents rating Azets as ‘good’ – respondents were given a rating choice of good, average or poor.

Published 4 December 2020

Murdoch MacLennan: Scotland’s spirit still draws global investment

Murdoch MacLennan, head of brewing and distilling with Azets, toasts the enduring success of Scotland’s Whisky industry.

Published 3 December 2020

Azets urges Chancellor to support business and deliver growth across UK

Ahead of the Spending Review, accountancy and business advisory firm Azets is calling on the Chancellor to take five practical steps that will support business and help deliver growth across the regions.

Published 23 November 2020