Search: financial focus

Responding to a growth of private equity investment, The Institute of Chartered Accountants of Scotland (ICAS) is calling for a multi-stakeholder review of the framework governing who can own audit firms. The call follows the publication of a new paper by ICAS’ Private Equity working group, ex

Glasgow-headquartered pension specialist @sipp has established an in-house legal department to bolster support for advisers and their clients engaged in commercial property transactions. The independently owned company has appointed experienced commercial real estate lawyer Joanne Wilson as head of

The Edinburgh International Conference Centre (EICC) has posted a record profit of £2.1 million for the year ending 31 December 2024, alongside record revenue of £16.0m, a £3.2m increase from £12.8m in 2023. The venue also generated an impressive economic impact of £78m

Medical gas pipeline specialist Hospital Pipeline Installations Limited (HPI) has entered administration, with Blair Milne and James Fennessey of Azets appointed as joint administrators. Founded in 1984, the Paisley-headquartered, which also operated from an office in Rochdale, was a prominent desig

Group accounts for building, infrastructure, engineering and fit-out business Tilbury Douglas has shown the firm grew its revenue to £541.6 million in 2024, an increase of 7% on 2023, and delivered £11.5m operating profit, up from £3.8m.

Scottish accountancy firm EQ Accountants, part of the Sumer Group, has merged with Edinburgh-based McDonald Gordon & Co, marking EQ's third acquisition in the past year and is a key step in its strategy to triple turnover from £11 million to £30m within four years. The merger signifi

New figures show the total reported amount lost to fraud reached £2.3bn in 2024, according to a freedom of information request by RSM UK to Action Fraud. Total reported fraud losses increased 6% to £2,255,491,192 in 2024, from £2,115,281,935 the previous year as fraudsters become i

Murray Capital Holdings, the investment business of the Murray family, has announced its financial results for the year ending 30 June 2024, revealing a challenging period particularly impacted by the steel sector. The firm reported a pre-tax loss of £1.7 million, a significant shift from the

Chancellor Rachel Reeves' Spring Statement has drawn mixed responses from tax and business experts, highlighting both welcomed measures and lingering concerns. Chris Campbell, head of tax at ICAS, highlighted the delayed implementation of Making Tax Digital (MTD) for Income Tax for those with income

The CEO of the Institute of Chartered Accountants of Scotland (ICAS), Bruce Cartwright CA, has written an open letter in response to former Chancellor Jeremy Hunt's suggestions that graduates should avoid accountancy as AI usage increases. Speaking on the Jimmy's Jobs of the Future podcast, Mr

A new action plan, designed to boost business growth and innovation, has been unveiled for Edinburgh and South East Scotland. Developed collaboratively by Innovate UK, Edinburgh and South East Scotland City Region, and Scottish Enterprise, the plan aims to build a strong, resilient and investment-at

Glasgow-based construction firm City Building, a joint venture between Glasgow City Council and Wheatley Group, has reported a £16 million loss amid rising costs and unforeseen operational expenses. The figure in its latest annual accounts for the year ending March 31, 2023, follows

AAB has announced Derek Mair as the new head of office for its Aberdeen branch, effective 1 April 2025. Mr Mair succeeds Graeme Allan, who will transition to a non-executive director role on the AAB Group board.

Financial planning and investment specialist Scott James & Associates has significantly expanded its operations with the acquisition of a fellow St. James’s Place (SJP) partner practice. This acquisition, effective from January 2025, brings the firm's total funds under management to over &

North-east insolvency practitioner Michael Reid has been appointed administrator for an Aberdeen managed IT services provider. As a result of a submission to the Court of Session, Internet for Business Limited, which was established in 1995, appointed an administrator on Thursday, 20 February.