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

Azets: Pressure on directors tightens with new pre-pack eight week rule

New legislation coming into force from 30th April for prepack administrations is set to impose a new 8-week window in which the assets of an insolvent business cannot be sold to a connected party without the consent of creditors, or a report from an independent evaluator recommending that the prepack is in the best interests of creditors.

Published 20 April 2021

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