Search: financial focus

Mattioli Woods plc, the specialist wealth and asset management business, which has offices in Edinburgh, Glasgow and Aberdeen, has seen its revenue increase by 72.8% to £108.2 million, in 2022. In its final audited results for the year ended 31 May 2022, the firm revealed "strong organic reven

New data has shown that the global non-life run-off market continues to grow, with estimated liabilities rising 11% to $960 billion (£822.5bn) since the beginning of 2021, according to PwC’s latest global insurance run-off survey.

New data has shown that the average amount owed to small businesses in late payments has risen to £22,700 in May 2022, up from £21,400 in 2021, according to Intuit QuickBooks late payments bulletin. This is a 6% year on year increase and the almost £23k average works out to 65

Yorkshire based commercial finance consultancy, ABL, has grown its operations in Scotland with the appointment of Neil Kindness as regional managing director. The hire follows the commercial finance consultancy’s announcement in April of a major recruitment drive as joint managing directors Al

Dave Philp, head of R&D tax at accountants Chiene + Tait, discusses R&D tax relief and HMRC’s latest crack-down on fraudulent claims. R&D (Research and Development) Tax Relief, introduced in 2000, has made a significant impact encouraging innovative, research-led companies to inves

Sage Group has agreed to acquire Lockstep, a provider of cloud native technology that automates accounting workflows between companies.

Knight Property Group has secured Mermaid Subsea Services (UK) Ltd, part of Mermaid Group as its new office tenant for Pavilion 11 at Kingshill Park in Westhill, Aberdeenshire.

TSB Bank plc announced its 2022 half-year results reporting a £102.9 million statutory pre-tax profit for H1. TSB's statutory pre-tax £102.9m profit increased from £42.9m for the same period in 2021. This comes during an economically challenging time for many of its customers.

FRP Advisory partners Callum Carmichael and Chad Griffin have been appointed joint provisional liquidators of Dalkeith-based Terry Healy Group, an all-trades building and home improvements business. The provisional liquidation has been caused by unsustainable cash flow problems stemming fr

Scottish business confidence has fallen to a record low in June, but remains stronger than Europe, according to the latest Accenture / S&P Global UK Business Outlook. Whilst the findings come amid global economic uncertainty, a net balance of +17% more private sector firms forecast their ac

A new strategic advisory firm headquartered in Aberdeen has been formally launched today. True North, created in a partnership between Geoff Aberdein and Fergus Mutch, specialises in public policy insight, advocacy expertise and impactful communications strategies for a range of businesses and

YouGov polling for Age Scotland has revealed that 57% of Scottish adults are uncertain that they would have enough money in retirement. At the same time, 35% of respondents felt certain, and 9% didn’t know.

Michael Reid, managing partner at Meston Reid & Co, passes on advice on what to look for when things are not going well in business. Whilst it is easy to say that the lack of cash to finance ongoing trading is the main reason given for many business failures, a number of operational aspects begi

Scottish renewable energy company, Orbital, reached a significant operational funding milestone with financing from the Scottish National Investment Bank (SNIB).

NatWest has announced the launch of a new platform to assist UK businesses in managing fuel and running costs to promote greener growth. NatWest surveyed 250 businesses in May this year and found that more than 72% of businesses expect their business will face increased difficulty in light