James Fennessey: Working capital vacuum threat as recovery continues

A severe shortage of working capital is set to cause a growing number of business failures as companies responding to the recovery become overstretched and insolvent due to a lack of cash, James Fennessey, restructuring partner with Azets in Scotland, has warned.

Published 13 September 2021

Azets praises staff for commitment during first year as a new accountancy brand

Peter Gallanagh, the CEO in Scotland for accountancy firm Azets, has marked the year of the business following a rebrand by paying tribute to staff for their commitment to clients and each other during the last year and for the contribution they have made to the development of the business.

Published 9 September 2021

Tax veteran Andrew Addie joins Azets' specialist tax consultancy team

Azets, the accountancy firm specialising in the SME sector, has appointed Andrew Addie as a tax advisory director within the firm’s specialist tax consultancy team.

Published 23 August 2021

Azets Aberdeen appoints Frazer Nicol as new head of corporate tax team

Accountancy firm Azets has hired Frazer Nicol to head up a new Corporate Tax Team within the firm’s fast-growing Aberdeen office.

Published 17 August 2021

Azets launches campaign to recruit retired accountants

Retired accountants are being encouraged back to the profession with a new recruitment drive about to be launched by Azets, the accountancy firm specialising in the SME market.

Published 16 August 2021

Azets: SMEs positive about UK economy but moreso in London than Scotland

More than two-thirds of UK SMEs feel positive about the UK's economic outlook – though there is more optimism in London and the south than in Scotland, according to SME accountancy firm Azets.

Published 9 August 2021

Derek Forsyth and Blair Milne appointed provisional liquidators of Elecore Electrical Ltd

Derek Forsyth and Blair Milne, partners with Azets, have been appointed joint provisional liquidators of the Largs-based electrical contracting specialist Elecore Electrical Limited.

Published 3 August 2021

Azets: Construction cash crunch looms when moratoriums ends

Scotland’s construction sector could see a high risk of business closures with the expiry of temporary measures introduced under CIGA (Corporate Insolvency and Governance Act 2020) and the removal of financial support schemes such as Furlough, both due to end on 30th September, a construction sector restructuring specialist at Azets has warned.

Published 12 July 2021

Senior appointments lead raft of Azets promotions

The appointments of James Fennessey as a new restructuring partner and restructuring partner Blair Milne to the senior leadership team for Scotland lead a raft of promotions across Azets’ business in Scotland.

Published 1 July 2021

Azets appoints Matthew Allan as associate director in Aberdeen

Accountancy firm Azets has hired Matthew Allan as an associate director based in the audit team within the firm’s fast-growing Aberdeen office.

Published 7 June 2021

Chris Horne appointed CEO of Azets

Accountancy and business advisory firm Azets has appointed Chris Horne as its new CEO.

Published 3 June 2021

Azets recruits 36 trainees in Scotland

Azets, the regional accountancy and business advisors to SMEs, is to recruit 36 graduates and school leavers as trainees, all of whom are due to start this August.

Published 27 May 2021

Derek Forsyth: 10% of hotels could close permanently as debt, losses and staff shortages hit sector

A decade of hotel expansion across Scotland is set to be reversed as many hotel businesses struggling with unsustainable debts, losses and staffing problems decide to close permanently, Derek Forsyth, head of restructuring with Azets has warned.

Published 19 May 2021

Graham Cunning: EOTs increasingly popular alternative to trade sales

Graham Cunning, head of corporate finance with Azets in Scotland, discusses the marked increase in the popularity of Employee Ownership Trusts (EoTs). 

Published 6 May 2021

Azets to add 250 jobs as firm targets 50% growth in Scotland

Accountancy firm Azets has announced plans to grow the business in Scotland by 50% during the next five years, creating 250 new jobs and taking turnover to more than £60 million.

Published 5 May 2021