Grant Thornton

Grant Thornton fined over £700,000 for audit failures at Interserve

Accountancy firm Grant Thornton has been slapped with a financial sanction of nearly £720,000 in connection with failings in its audits of Interserve.

Published 1 November 2021

Grant Thornton: Rising tax burden 'threatens Scottish growth'

One in three (31%) mid-market businesses believe the increased tax burden is a top threat to future growth, according to a survey ahead of the Chancellor’s Autumn Statement.

Published 22 October 2021

Grant Thornton audit reports good financial management at Highland Council

The Highland Council demonstrated sound financial management during a challenging financial year, an external audit by Grant Thornton has concluded.

Published 22 October 2021

Grant Thornton: Perfect storm of supply chain issues threatens a winter of discontent

As major disruption to supply chains continues across the country, Grant Thornton UK LLP’s latest Business Outlook Tracker finds that a perfect storm of temporary and structural supply chain challenges, from changing Brexit regulations to production delays, are threatening to create a winter of discontent for UK businesses and consumers alike.

Published 20 October 2021

FRC fines Grant Thornton £2.3m for Patisserie Valerie audits

The Financial Reporting Council (FRC) has fined accountancy firm Grant Thornton more than £2.3 million for failings and a 'serious lack of competence' in its audits of restaurant chain Patisserie Valerie.

Published 27 September 2021

Grant Thornton: Flood of HMRC fraud enquiries expected as furlough finishes

Scottish businesses should prepare for a flood of letters from HMRC as furlough draws to a close and the UK Government looks to recoup a suspected £7 billion of fraudulent or erroneous Coronavirus Job Retention Scheme (CJRS) claims, according to business advisers Grant Thornton.

Published 10 September 2021

Grant Thornton: ‘Code red’ for ESG business impact in Scotland

Scottish businesses face increasing pressure to address environmental, social and governance (ESG) issues but their good intentions in meeting the challenges need to be backed with more robust planning and better reporting, according to a new report by Grant Thornton.

Published 23 August 2021

Grant Thornton appoints Jill Hay as partner

Financial advisory firm Grant Thornton has appointed Jill Hay as a tax partner within its Scottish practice.

Published 19 August 2021

UK audit shake-up plans face setback as small firms consider rejecting proposal to share FTSE 100 work

The UK Government’s plans to shake up the accountancy sector are facing a significant setback, as smaller firms consider snubbing reforms that would see them share FTSE 100 work with the Big Four companies.

Published 26 May 2021

Grant Thornton sees sharp rise in audit profits

Grant Thornton has seen a sharp increase in profit within its audit division after the firm invested £17 million in 2019 to improve the quality of its audit work.

Published 8 April 2021

Grant Thornton: More than a third of mid-market businesses not ready for IR35 deadline

With just under three weeks to go until the IR35 deadline on 6 April, new research from business and financial adviser Grant Thornton UK LLP has found that over one in three (38%) mid-sized businesses are not ready for the transition.

Published 19 March 2021

Scottish firms call for support for international trade and low carbon transformation ahead of budget

More support for international trade and low carbon business strategies are two of the main asks from mid-market business leaders in Scotland, according to a survey carried out by advisory firm Grant Thornton in the days following Holyrood’s budget. 

Published 23 February 2021

Grant Thornton: One in three SMEs planning to reduce office space

More than one in three SMEs (39%) are planning to reduce the size of their office requirements in the months ahead, according to Grant Thornton’s International Business Report.

Published 9 February 2021

FRP sues Grant Thornton for £200m over Patisserie Valerie collapse

FRP Advisory, the liquidators of Patisserie Valerie, has launched a £200 million legal claim against the cake chain's auditor Grant Thornton.

Published 8 January 2021

Scottish mid-market businesses 'bullish' about Brexit

Scottish mid-market business leaders are bullish about the impact of Brexit, according to new research from business and financial adviser Grant Thornton UK LLP.

Published 17 December 2020