>

BDO is a leading accountancy firm in Scotland, with offices in Glasgow and Edinburgh. We advise clients including local owner-managed businesses, mid-to-large-sized private and listed groups, individuals, public sector organisations, pension schemes, trustees and not-for-profit entities.

REGIONAL SNAPSHOT

Like many other regions the last two years have had major implications for the wider Scottish economy. History tells us that the rate of recovery of mid-sized businesses will play an important role in Scotland’s overall economic recovery.

BDO RESEARCH HIGHLIGHTS

Our latest data shows that Scottish businesses are feeling the pressures right now. To counteract the impact of rising levels of inflation, businesses are changing to cheaper suppliers (23%) and raising their prices (25%). As well as rising inflation (21%) being amongst the top three threats to business growth, Scottish business leaders are concerned about supply chain issues (24%), and rising energy prices (23%).

On a more positive note, they told us how they are increasingly focussing on ESG, this is being driven by greater customer demand and commercial benefit. In Scotland, the biggest ESG priority is to improve workforce and executive diversity, equality and inclusion relating to socio-economic diversity and mobility (25%). In addition, businesses are focussed on making the business Net Zero in the next five years (23%) and improving workforce and executive diversity, equality and inclusion specifically relating to gender. 34% said that the biggest barrier to achieving this currently is the financial investment required.

Explore more local insights below and if you would like to discuss any concerns you have in your business with a local expert, talk to us.

Latest Insights

Scottish businesses value ESG – but there’s still more to be done

July 2022
Scottish businesses are voting with their feet and declining work with clients because of their ESG credentials – but they’re doing so at a much lower level than the rest of the UK.

Find out more

Incremental gains – how BDO supported a technology business scale towards sale

June 2022
We spoke to Incremental Group, which secured two rounds of private equity investment before announcing a successful sale to trade earlier this year.

Find out more

Half of Scottish businesses are trading behind expectations in 2022

February 2022
Over half of medium-sized business report that they started 2022 behind trading expectations, citing inflation and supply chain disruption as the biggest challenges facing their growth this year.

What needs to happen to change their prospects?


Inflationary pressure poses huge risk to Scottish businesses

April 2022
Inflationary pressure poses a huge risk to Scottish businesses in the coming months, with a significant number unprepared for the highest level of inflation in 30 years.

Find out more

Rethinking the Finance Function of the Future

Helping you maximise productivity from your finance function.

Read more

Scottish businesses plan investment and recruitment to aid recovery

April 2021
Medium-sized businesses in Scotland feeling a little more optimistic about the recovery of the local economy.

Read more

Scottish businesses have an eye on recovery and growth

October 2021
According to our latest Rethinking the Economy survey of 500 mid-sized companies, nearly a third of Scottish businesses (32%) have said they expect to return to pre-pandemic revenues in less than 12 months.

Find out more

 

Explore our Scotland Insight archive

Read more

 

Explore More

Events

Upcoming online events.

Register

Meet the Edinburgh team

Speak to local experts in Edinburgh.

Edinburgh

Meet the Glasgow team.

Speak to local experts in Glasgow.

Glasgow