Grant Thornton UK has reported a 12% increase in revenue to £610 million in 2022, up from £543m the previous year. Pre-tax profits rose by only 5% to £121m due to increased costs. The firm opted to invest in pay rises, promotions, and hiring a record number of school-leavers amid i
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As the Chancellor prepares his Spring Budget, new research has revealed the policy areas that Scottish mid-market business leaders hope to see prioritised. The Grant Thornton UK LLP’s latest Business Outlook Tracker found that incentives to support low carbon business strategies and incentives
If the Energy Bill Relief Scheme is not extended beyond March, or alternative government support provided, businesses will need to make tough decisions about how they manage the higher cost of energy bills, according to research from Grant Thornton's latest Business Outlook Tracker. Of the 600 mid-s
Personal insolvency firm Harper McDermott Ltd has embarked on an exciting future after it transferred to employee ownership in a transaction led by business advisers Grant Thornton UK LLP.
Despite depressing economic forecasts, Scottish mid-market business leaders are surprisingly optimistic about their growth opportunities. According to data from Grant Thornton UK LLP’s latest Business Outlook Tracker, mid-market optimism has rebounded across all indicators monitored:
New research has found that a combination of inflationary pressures, rising interest rates and high energy costs, and ongoing supply chain issues are all significantly impacting the financial viability of many mid-sized businesses. The 'Business Outlook Tracker', by business and financial advis
Grant Thornton has released its Scotland Limited Report 2022 identifying the country’s Top 100 private limited companies and exploring what lies behind their position as the nation’s most dynamic and successful businesses. The Scotland Limited Report is compiled using the most recent pub
The new Prime Minister’s inbox may well overflow with priorities, but the latest research from Grant Thornton finds that Scotland’s business community sees Levelling Up and boosting investment in Scotland as vitally important. The policy agenda, the most recent take on decades of debate
Grant Thornton UK’s Corporate Finance team in Scotland has advised international buyers on two acquisitions of leisure-related businesses, amid strong interest in the sector as it recovers from the pandemic.
New research from Grant Thornton UK and Retail Economics has revealed that almost nine in ten UK consumers intend to cut back their spending over the year ahead.
The Executive Counsel of the Financial Reporting Council (FRC) has fined Grant Thornton UK a total of £520,000 in relation to its statutory audits of the financial statements of Sports Direct International (SDI) for the financial years ended 24 April 2016 and 29 April 2018. Sanctions have also
New research from Grant Thornton UK’s latest Business Outlook Tracker finds that, since the lifting of legal COVID-19 restrictions in February, just over half (51%) of the 604 mid-sized businesses surveyed have adopted a hybrid working approach. This is quite a significant dip compared to resp
Grant Thornton UK's Scottish corporate finance team has been ranked number one in the Experian Q1 League table rankings for Scotland, following an excellent start to the year.
Research from Grant Thornton UK's latest Business Outlook Tracker shows that over half (52%) are finding it harder to operate their business today, compared to 12 months ago. To manage cost pressures, 61% of respondents said that their suppliers have agreed to more flexible (longer) payment terms, a
New analysis from Grant Thornton UK's bi-annual recruitment sector report shows that deal activity in the recruitment sector for 2022 is off to a strong start with 23 deals completed in the first quarter of this year. This is compared to 18 deals completed in Q4 2021 and represents the sector’