Azets

The Bank of England (BoE) has raised interest rates from 0.75% to 1%, in an attempt to fight rising inflation. The bank's Monetary Policy Committee (MPC) by a majority of 6-3 to increase the bank rate by 0.25 percentage points. Those members in the minority preferred to increase the rate by 0.5 perc

Azets, the accountancy firm and specialist business advisor to SMEs, has announced the acquisition of Tait Walker, one of the largest independent accountants and business advisors in the North East. It marks the third UK acquisition in four months as Azets continues to deliver on its ambitious growt

The latest SME Barometer produced by Azets has revealed ambitious growth plans among UK SMEs despite a significant drop in optimism about the economy. The Barometer revealed that 51% of all SMEs across the UK and Nordics are optimistic about the economic outlook, down from 68% last summer with UK SM

Derek Forsyth and Nicola Banham, partners with Azets, have been appointed joint administrators of Bracknell Property LLP and Bracknell Property Subco Limited.

Scottish businesses seeking cash to fund investment, or ease working capital or trading problems, are being encouraged by Azets, the regional advisor to SMEs, to apply for the ‘hugely attractive’ Recovery Loan Scheme (RLS) before it ends on 30 June. The Recovery Loan Scheme offers busine

Accountancy and business advisory firm Azets has advised on the sale of Yorkshire glass specialist Dual Seal Glass Limited to AEQUITA.

Accountancy firm Azets has promoted Frazer Nicol, who is head of the corporate tax team in Aberdeen, to partner just six months after joining the firm as a tax director. His promotion to partner is effective from 1st March 2022.

Plans to end Covid protections for commercial tenants could trigger a spate of tenant insolvencies, a restructuring expert at Azets has warned. The remaining restrictions on winding up petitions for the pursuit of unpaid commercial rent will be removed from 1 April 2022. The current 14-week irritanc

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 £4.3 billion of Covid loans that may have to be written-off by The Treasury due to fraud and highlighted by the resignation of Lord Agnew last week, could be eclipsed by businesses failing to repay their CBILs and BBLs Covid support loans, Blair Milne, head of Restructuring with Azets in S

Azets is encouraging Scottish businesses to ‘use or lose’ a highly attractive range of Tax Super Allowances introduced in the Spring Budget 2021 to encourage capital investment by businesses. The Super Allowances available include the ‘Super Deduction’, a 130% first-year allo

Analysis of a decade of corporate insolvencies statistics collated by the Scottish Government from 2011 – 2021 has revealed that businesses are most likely to fail during the first six months of the year. The data, which was collated by accountancy firm Azets, reveals that during the decade th

Rachel Wilson, a cyber specialist with Azets is warning that staff absences, illnesses, vulnerable systems and the requirement to work from home has created the perfect opportunity for criminals to target SMEs with weak IT security this festive period. Ms Wilson s warning that cyber-attacks such as

The introduction of further restrictions in response to the Omicron Covid-19 variant could derail the fragile economic recovery and have a devastating impact on Scotland’s crucial SME sector, according to Blair Milne, head of restructuring insolvency at Azets in Scotland. Blair Milne has

Accountancy firm Azets has announced the promotion of Edinburgh-based partner Gary Devlin to UK head of internal audit and the appointment of Glasgow-based Elizabeth Young as an internal audit partner for Scotland and the North. Mr Devlin will lead a team of over 50 staff delivering an extensive ran