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Comprehending closure options to mitigate legal risks and maximise tax efficiencies is critical for directors when considering, writes Chris Bristow as he discusses the distinctions between company liquidation and strike-off processes. Company liquidation and strike-off are both processes that

Edinburgh-headquartered 2i testing has secured funding worth eight-figures to accelerate growth as it targets turnover in excess of £50 million in the coming years.

In a move securing its long-term future, Edinburgh-based 7N Architects has transitioned to employee ownership. The establishment of an employee ownership trust (EOT) sees founder Ewan Anderson transferring his entire shareholding to a trust representing all 24 employees, embracing a model often like

The John Lewis Partnership has appointed Jason Tarry as its new chairman, who will succeed Sharon White as she steps down at the end of her term. Mr Tarry brings over 33 years of experience at Tesco, where he most recently served as the UK & Ireland CEO for six years. His extensive bac

Economic data in early 2024 is showing that the economy is likely to be recovering hesitantly, as expected, following the contractions in growth in the final part of 2023, according to the Fraser of Allander Institute at the University of Strathclyde. In the Deloitte-sponsored Economic Commentary, t

The board of Murray International Trust has announced its annual results for the fiscal year ending 31 December 2023. The company's net asset value (NAV) demonstrated a total return of +8.6%, surpassing the UK Retail Prices inflation rate of +5.2%. This marked a return to genuine growth over the rep

Accountancy firm Henderson Loggie, with a history of supporting gaming companies over three decades, has released a comprehensive guide tailored for video games start-ups. With insights from industry veterans, it offers actionable tips to turn a fledgling gaming business into a success story. It not

Barclays UK has sealed a deal to acquire Edinburgh-headquartered Tesco Bank's retail banking business for an initial £600 million.

A drone technology manufacturer has received almost £1 million from Scottish Enterprise to support the development of a new hybrid, heavy-lift, unmanned aircraft capable of operating on less than 30% of the aviation fuel used by a helicopter. Flowcopter designs and manufactures Unmanned Aerial

Global pension company Aptia has secured a prime office space at CEG's Verdant office development in South Gyle Business Park, west Edinburgh. The firm is taking a turnkey office solution for 8,470 sq ft of CEG’s Let Ready Custom Design + Fit Out space.

POTR, a Scottish start-up behind the world’s first origami self-watering plant pot has sealed a major distribution deal in Japan, where it’s believed the art of paper folding began to flourish more than 1,000 years ago. The move will see POTR launch its products in more than 100 outlets

Aberdeen-based housebuilding firm Stewart Milne Group has collapsed into administration, with the immediate loss of 217 jobs.

Harper Macleod has reported profit before members’ remuneration and profit shares of £11.95 million for the year to March 31, 2023 – a slight drop on the £12.8m recorded for the previous period. Turnover at the firm rose to £33.05m from £31.4m.

Scottish jeweller and watch seller Laings has hailed a 5% increase in turnover to £63.3 million for the year ended 31 May 2023. However, the firm's pre-tax profits dropped slightly to £3.7m from £5.45m.

Crerar Hotels has posted a 31% increase in turnover, rising from £14.5 million to £19m, and a more than 30% growth in gross profit, from £12.6m to £16.4m. This growth is attributed to strong summer sales surpassing pre-covid levels. The group, which includes seven award-winni