Kpmg

Blair Nimmo, head of restructuring at KPMG UK, details the ways in which Scottish businesses are facing uncertainty and liquidity issues in the current financial climate. In the current environment of dramatically falling consumer demand and great uncertainty, those running the UK’s businesses

BDO has taken over from KPMG as the auditor of Ted Baker. In January, Ted Baker reported that the value of inventory held on the group’s balance sheet at 26th January 2019 was overstated by £58 million, a number more than double the value of the £20-25m it initially suggested.

Yael Selfin, KPMG UK's chief economist, highlights how the UK needs to rethink the future of its cities in light of the current coronavirus pandemic.  Recessions are usually a catalyst for change and the sharp economic downturn triggered by COVID-19 is bound to turn some things around. One of t

The Financial Reporting Council (FRC) has launched an investigation into KPMG and PwC over the audits of Eddie Stobart Logistics plc.

More than £35 million of Venture Capital (VC) was invested into Scottish start-ups in the first quarter of 2020, ahead of the UK’s COVID-19 lockdown, according to KPMG’s latest Venture Pulse survey. The figures, compiled by Pitchbook, reveal that eighteen deals were secured in Q1 2

Total sales in Scotland have plummeted by 40.3% compared with April last year, according to the latest Scottish Retail Consortium (SRC) and KPMG Scottish Retail Sales Monitor.

KPMG has appointed James Kergon as its new senior partner to lead the firm’s Glasgow offices. In addition to overseeing KPMG’s largest Scottish base, Mr Kergon will continue in his role as head of deals in Scotland.

Eilidh Mactier, real estate associate at law firm CMS, details how diversification may shape the future of retailers and restaurants in Scotland after the coronavirus pandemic.  Retailers and restaurants have been among the businesses hardest hit by the impact of COVID-19. The March 2

Insolvency practitioners across Scotland are preparing for an upsurge of insolvencies stemming from the economic impact of the coronavirus pandemic which is likely to accelerate the demise of companies that were struggling in any event. And they are warning that cash will be king in the coming reces

KPMG has bolstered its infrastructure, government and healthcare management consulting team in Scotland with the appointment of David Grimson as director. Mr Grimson will focus on supporting public sector clients to improve how they operate, use technology and data to better deliver positive outcome

Blair Nimmo and Geoffrey Jacobs of KPMG were appointed as joint administrators of Central Building Contractors (Glasgow) Limited yesterday. Established in 1971, CBC is a privately owned, family-run Scottish construction company, providing a range of construction design, development and maintenance s

Catherine Burnet, a chartered accountant and the regional chair for KPMG in Scotland, has been appointed as the new President of the Institute of Chartered Accountants of Scotland (ICAS) for 2020/21. Mr Burnet, who is also a member of the Financial Services Advisory board to Scottish Government, was

KPMG is forecasting negative GVA (Gross Value Added) in Scotland of at least 8.1% in 2020, as the full economic cost of COVID-19 becomes increasingly clear. The analysis, which is based on the sectoral makeup of Scotland, predicts a significant drop this year, followed by a potential GVA growth in 2

Scottish retail sales have declined by 13.0% compared with March last year, according to the latest Scottish Retail Consortium (SRC) and KPMG Scottish Retail Sales Monitor. 

BDO is the latest major accountancy firm to announce cuts to partners remuneration and the furlough of staff with the firm decreasing partner pay by a fifth amid the coronavirus pandemic. BDO, which is the fifth-largest accounting group in Britain by revenues, told its 5,500 employees yesterday