Scotland’s mid-market businesses attracted a record amount of private equity during 2022, despite investment dipping across the rest of the UK, according to new analysis by KPMG UK. Over the course of the year 51 deals involving Scottish firms were completed, worth £3.5bn, reflecting a y
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The number of fraud cases over £100,000 being heard in Scottish courts rose significantly last year, according to KPMG UK’s latest bi-annual Fraud Barometer. A total of 24 cases totalling £17.4m reached Scottish courts in 2022, compared to 2021, when 16 cases worth £5.9m came
KPMG Law, part of the professional services firm KPMG, is set to double in size over the next three years as it commits to invest in growing its legal services offering. KPMG Law will look to take on a further 220 lawyers by the end of 2024. The new hires will comprise 45 partners and directors and
The number of alleged fraud cases being heard in Scottish courts rose dramatically last year, according to KPMG UK’s latest Fraud Barometer. A total of 16 cases totalling £5.9 million reached Scottish courts in 2021, skyrocketing from 2020 when only one case worth £240,000 came to
Scottish cities including Glasgow, Edinburgh and Aberdeen could see employment rise by 5-7 per cent as a result of increased availability of office space in the wake of the pandemic, according to a new report by KPMG. Covid-19 has triggered a shift in the way people work, interact, and shop. As busi
Litigation Capital Management (LCM) has agreed to back a £250 million negligence claim against KPMG for its audits of Carillion. The litigation funder said it would fund a High Court claim brought by the liquidator of the collapsed contractors entities.
Scotland’s economy could completely regain lost ground within the next two years and outpace the UK-wide average, according to the latest economic forecasting from KPMG. It’s estimated the country’s economy took a 9.6 per cent hit in 2020, broadly in line with forecasts, as the pan
The number of corporate insolvencies in Scotland fell below 2019 levels last year as the array of government Covid-19 support measures continued to provide a lifeline for those businesses who have been adversely affected by the pandemic, according to new figures released by KPMG. Analysis by KPMG&rs
Scotland has officially recorded only one high-profile fraud case for the entire period of 2020 as Covid-19 continues to pose profound logistical challenges for the country’s justice system. The latest data from KPMG’s Fraud Barometer report reveals a single case of alleged fraud,
There were no high-value fraud prosecutions in Scotland in the first half of this year, according to data from KPMG. The firm’s bi-annual Fraud Barometer measures fraud cases with losses of £100,000 or more reaching the UK courts. For the first time in the history of the report, zer