Part of the deal included the management team buying a stake in the company and plans to float within five years. But as this deal was announced to the world by the TT management team, there was one notable absentee.
Finance director Ray Douglas had taken a week off to rest at home as he was feeling ‘exhausted’ following the tough three-month discussions with the bank.
However Douglas’ recovery was probably aided by the thought of the cash windfall due to come his way – in fact it probably took him the week to add up all the noughts.
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast