Azets

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

The Aberdeen office of accountancy and business advisory firm Azets has made a further senior hire with the appointment of Richard Stephenson as director of the firm’s Accounts and Business Advisory Services (ABAS) department. The ABAS team oversee the technology-led delivery of all compliance

Accountancy firm Azets has maintained its expansion strategy with the acquisition of a Yorkshire firm Garbutt + Elliott. Established in 1896, Garbutt + Elliot is one of the largest independent accountancy firms in Yorkshire with over 200 staff, 15 partners and a turnover of £12 million. It wil

Donald Boyd, head of growth at accountancy firm Azets, is urging businesses to embrace and implement Environmental, Social, and Governance (ESG) policies or risk losing their sources of funding. Climate change and ESG is already starting to have a significant impact on funding decisions and director

Blair Milne and James Fennessey, partners with Azets, have been appointed joint administrators of Wishaw-based mechanical and electrical contracting specialist Weir & McQuiston (Scotland) Limited. Founded in 1976, the family-owned business provided a full portfolio of mechanical and electrical d

Next year is likely to see a dramatic rise in personal bankruptcies and asset repossessions as inflation and interest rates begin to climb and consumers struggle to absorb rising levels of debt, Azets has warned. The Bank of England’s new chief economist has warned that inflation is likely to

Azets, the accountancy firm specialising in the SME sector, has appointed family business expert Norma Stewart as an accounts and business advisory services partner based in the firm’s Glasgow office. Norma Stewart has over 30 years’ experience advising family businesses and their owners

Accountancy firm Azets is urging businesses to take advantage of incentives to invest in their businesses or sell their business, and whilst they still can, ahead of an expected ‘tax grab’ during the 2022 budget. Aileen Scott, head of tax with Azets in Scotland, is predicting harsher rul