Azets

Scotland’s care homes sector is facing an uncertain future due to mounting financial and operational pressures, including shortfalls in local authority funding, with further closures and a contraction in capacity likely, an insolvency expert is warning. Around 1,050 care homes in Scotland with

Up to 50% of business exits occur due to an unexpected approach from potential buyers, however many business owners fail to maximise shareholder value as they are ill prepared for the 'tap on a shoulder' approach, according to research by Azets. An unsolicited approach is when a buyer such as a larg

Azets Wealth Management has appointed Will Bleasdale as a director in its Edinburgh office. Mr Bleasdale has more than a decade of experience providing strategic wealth management advice and financial planning for a wide range of businesses and personal clients. He is both a chartered financial plan

Private businesses in Scotland have accumulated and now hold an average daily balance of £50 billion in their bank accounts, according to recent data from Azets. While this vast sum primarily reflects the normal ebb and flow of cash into and out of bank accounts, the magnitude indicates that m

The recent introduction of Glasgow's low emission zone (LEZ) has had unexpected financial repercussions for both businesses and their employees, following a staggering 6,000 penalty charge notices in July, according to accountancy firm Azets. The rise in penalty charge notices linked to the new

Accountancy and business advisory firm Azets has raised £12,258.50 for The Archie Foundation following a range of fundraising efforts. Azets staff arranged a corporate golf day, a quiz night and a bake sale to support the organisation - which is the firm's chosen charity of the year.

Chris Tate, a restructuring and recovery expert at Azets, has said that new financial pressures are continuing to drive business failures across the UK, with the hospitality sector most vulnerable to stubbornly high inflation – causing a "perfect storm to brew". The warning comes as new monthl

Azets has unveiled new senior appointments in Scotland led by the promotion of Greig McKnight, currently Glasgow regional managing partner, to regional managing director for Scotland. The promotions include two partner appointments comprising public sector audit specialist David Eardley and Gem

Glasgow-based multi-service construction company, Tough Construction, has transferred its entire shareholding to an Employee Ownership Trust (EOT), marking it as the largest business in Scotland to do so. The company, established in 1974, specialises in projects for house builders throughout Central

Upcoming revisions to the research and development (R&D) tax relief process, set to take effect on 1 August, could discourage Scottish SMEs from applying for vital financial support, according to an R&D expert. Gemma Monaghan, head of R&D tax in Scotland at Azets, warns that the new proc

James Fennessey, Colin Haig and Matthew Richards, partners with accountancy firm Azets, have secured a going-concern sale of the Antonine Shopping Centre in Cumbernauld to a new joint venture company, Beltrace (Antonine) Ltd., for an undisclosed sum.

Azets has appointed 33 permanent audit seniors from across Africa under a new international recruitment scheme, in partnership with GAP Talent, with plans to hire 66 additional auditors this coming autumn. Scotland is projected to receive approximately 10% of the 99 newly-qualified accountants

Azets has appointed Alan O'Riordan as a corporate finance partner based in the accountancy firm's Edinburgh office. Mr O'Riordan, an experienced mergers and acquisitions (M&A) specialist, will focus on assisting corporates, SMEs, and private equity-backed businesses in developing and executing t

International advisory, compliance, and outsourcing group, Azets, has appointed Peter Gallanagh, previously regional CEO for Scotland and Northern England, as its new UK CEO. Mr Gallanagh will step into his new role effective 1 July 2023, signalling a shift for Azets UK from a regional to a national

Blair Milne, James Fennessey and Robert Young, insolvency practitioners from Azets, have been appointed joint administrators of MHA Auchlochan, the owner and operator of Auchlochan Garden Village retirement complex in Lanarkshire, Scotland. The complex, which includes 235 properties and two care hom