Direct Soccer, a Dundee-based sports kit and equipment retailer, has built a state-of-the-art automated warehouse as part of ambitious growth plans, thanks to a six-figure funding package from Bank of Scotland. Trading online since 2002, Direct Soccer sells personalised football team kits, training
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Accountancy firm Mazars has repaid the £1.1 million of furlough money it received from the UK Government at the start of the coronavirus crisis. Mazars, which is the UK's ninth largest accountancy firm with over 2,250 employees, repaid the money on Monday.
Scotland's chief statistician has released statistics showing that the economy grew by 16.0% during the third quarter of 2020, covering the period July to September. The data has revealed that over the year, compared to the third quarter of 2019, the economy has contracted by 9.5%.
Shoe retailer Schuh has secured a £19 million finance facility with Bank of Scotland owner Lloyds Banking Group. The funding has been secured through the Treasury's coronavirus large business interruption loan scheme (CLBILS).
A police drugs-squad raided a house in Peru dressed as Santa and an elf.
The TOC Property Backed Lending Trust PLC (PBLT) has announced the completion of a £3.8 million transaction to develop a new environmentally advanced crematorium complex on the outskirts of Glasgow. Managed by Tier One Capital Ltd, PBLT is providing a three-year debt facility to develop the co
The Financial Conduct Authority (FCA) has established a Temporary Registration Regime to allow existing cryptoasset firms, who have applied to be registered with the FCA, to continue trading. The FCA is advising customers of cryptoasset firms which should have applied to the FCA, but have not done s
Richard Dunbar, head of multi-asset research at Aberdeen Standard Investments, provides the company's 2021 outlook commentary. The prospect of a number of effective vaccines being rolled out through 2021 offers an ‘escape hatch’ out of the pandemic and its economic effects. This leaves u
The next intake of MSPs must deliver new laws designed to help Scotland’s local and independent firms recover from this year’s crisis, according to the Federation of Small Businesses (FSB). FSB has highlighted that these firms now carry more than £2.4 billion of COVID-19 debt.
Royal Bank of Scotland has granted a £10 million funding package to Argyll and Bute-based housing association Fyne Homes Limited to refinance existing loans and enable future growth plans within the business.
Tartan Commercial, the company behind the highly successful The Lighthouse business centre in North Berwick, has expanded its portfolio by acquiring the Falkirk Business Hub. The £1.925 million acquisition from Bellair Scotland will see Tartan Commercial retain all the employees at the hub as
Financial support from Unity Trust Bank is helping to transform the site of a former Glasgow primary school into a vibrant, new housing estate.
Scottish mid-market business leaders are bullish about the impact of Brexit, according to new research from business and financial adviser Grant Thornton UK LLP. The company's research finds that roughly a quarter (24%) of Scottish mid-market business leaders do not expect Brexit to have any impact
Hawick-based accountancy firm JRW has announced the promotion of Brona MacDougall to tax partner. Ms MacDougall, a former doctor, will continue to work remotely from her home on the family farm on the Isle of Lismore in the Inner Hebrides.
Business leaders should choose long-term viability over short-term profit in the recovery from the Covid-19 pandemic, the global finance chief of ACCA (the Association of Chartered Certified Accountants) has said. Raymond Jack, who is based at ACCA's Glasgow office, told an online summit attended by