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.


Like many other regions the last year has 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.


Mid-tier businesses in Scotland have changed in past two years following the disruption caused by COVID-19, Brexit and supply chain problems. 26% of those surveyed say they have permanently reduced the number of employees and rely more heavily on domestic workers.

A further 22% say their business is much smaller than it was two years ago with 20% telling us they have also permanently reduced the number of products and services they offer.

On the topic of disruption, in the final few months of the year's trading, Scotland's business expect ongoing COVID-19 restrictions (34%) and increasing fuel prices (34%) to impact their ability to offer the usual range of products and services.

Looking to the future, 52% of those surveyed say they have committed to a net-zero target following COP26 and 45% have strengthened existing sustainability targets. And in order to drive business growth over the next year, business will be focussed on attracting external investment from Private Equity/Venture Capital (20%) and investing in digital connectivity (20%).

Read more on the national survey results and subscribe here for more regional updates.

Latest Insights

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.

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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.

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Medium-sized businesses struggle as lockdown restrictions continue

February 2021
Our latest Rethinking the Economy data shows how lockdown is taking its toll on medium-sized businesses, with more than a quarter (27%) warning that they could cease trading in less than two months if restrictions do not ease.

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Scottish medium-sized businesses predict sharp recovery once vaccine rolls out

December 2020

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Medium-sized businesses believe the regional economic gap has widened

November 2020
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