Meston Reid & Co

Chartered accountancy firm Meston Reid & Co is continuing to support the career development of young people by taking on three graduate trainees, a graduate apprentice and a placement student. Its three new trainees – James Chalmers, Ethan Booth and Jessica Stephen – have all recentl

Aberdeen FC legend Willie Miller will be helping two Granite City charities to net a cash boost at a special fundraising dinner next month held by chartered accountancy practice Meston Reid & Co. The former Dons captain – now a sought-after football pundit – will be guest speake

Michael Reid, managing partner at Meston Reid & Co, discusses how company directors should act in moments of financial difficulty and what considerations they should have. When consulting with a director about company matters, it is quite common for words such as “me” and “my b

Michael Reid, managing partner, Meston Reid & Co, warns businesses to avoid using misleading advertisements. The Committee of Advertising Practice (CAP), the organisation that writes the advertising rules which are enforced by the Advertising Standards Authority, has issued an Enforcement Notic

Michael Reid, managing partner at Meston Reid & Co, passes on advice on what to look for when things are not going well in business. Whilst it is easy to say that the lack of cash to finance ongoing trading is the main reason given for many business failures, a number of operational aspects begi

Michael Reid writes about the financial and legal considerations of bankruptcy in regards to losing one's house. He outlines different possible scenarios and factors to keep in mind. Other than writing about the current Russian incursion into Ukraine, current media attention tends to be focused upon

Michael Reid, managing partner at Aberdeen-based chartered accountancy practice Meston Reid & Co, discusses the utilisation of bounce-back-loans for unintended purposes. Much has been reported in the media over the past few months about a company obtaining a bounce-back loan and the directors no

Michael Reid, managing partner of Meston Reid & Co, discusses the issues surrounding fraud. It is often said that desperate times lead to desperate measures and in times of financial hardship, there always seem to be plenty people who will take advantage of a situation to the detriment of others

Michael Reid, managing partner at Meston Reid & Co, discusses the intricacies of entering an insolvent liquidation process. The Meston Reid & Co insolvency team has already assisted a number of companies to enter an insolvent liquidation process, with many directors citing the ongoing effect

Michael Reid, managing partner, Meston Reid & Co, offers advice on how to manage personal debt. Personal financial difficulties can sometimes arise quickly and without warning. Sometimes it’s down to matters outwith the control of the individual: redundancy, perhaps, or a relationship brea

Michael Reid, managing partner at Meston Reid & Co, looks at the current trends in insolvencies in Scotland. I recall the harbingers of doom and their forecasts that 2021 would bring large-scale corporate and personal insolvencies.

Michael Reid, insolvency practitioner and managing partner at Aberdeen-based chartered accountants Meston Reid & Co, considers the role of a licensed insolvency practitioner. Anyone asked about the daily tasks performed by a licensed insolvency practitioner (LIP) might guess they include busines

Aberdeen-based chartered accountancy firm Meston Reid & Co has continued its policy of nurturing professional talent by taking on three new trainees and a placement student. Its trio of trainees – Jonathan Bain, Cara Wilson and Kendall Gibson – have recently graduated from Robert Gor

Stuart MacPherson, business services manager at Meston Reid & Co, considers the tax challenges for hospitality businesses emerging from the Covid-19 pandemic. The UK’s hospitality sector has been harder hit than most by the Covid-19 pandemic and its consequent restrictions.

Michael Reid, managing partner at Aberdeen chartered accountancy firm Meston Reid & Co, highlights the need to communicate with HMRC.  There’s been a great deal of talk in recent months around the various options open to any business looking to deal with creditor pressure now that tra