The number of new technology companies incorporated in Scotland increased 22% in 2022, according to analysis of Companies House data by RSM UK. A total of 1,367 new tech businesses were incorporated in Scotland last year, up from 1,124 in 2021.
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Scotland’s first bank solely dedicated to small and medium sized business lending, AlbaCo, has been granted a banking licence by the UK Prudential Regulatory Authority (PRA) and the Financial Conduct Authority (FCA). Founded in 2018 with its headquarters in Glasgow, Alba was Authorised with Re
As we mark International Womens day, Carol Flockhart discusses how more women can be supported to succeed as both entrepreneurs and business leaders. It’s International Women’s Day today. This global event celebrates women’s achievements and highlights some of the core challenges f
Shoosmiths advised on more than 400 transactions with an aggregate deal value of £5 billion from January to December 2022. Corporate activity levels remained elevated throughout last year, with the firm's corporate team working across a record number of deals spanning private equity, mergers a
The team behind the Port of Leith Distillery has announced plans to create more than 50 local jobs as the towering Leith landmark prepares to open this summer.
Circularity Scotland has announced £22 million of cashflow support measures to help Scotland’s brewers, distillers, importers and drinks manufacturers prepare for the introduction of Scotland’s deposit return scheme (DRS).
The Financial Conduct Authority (FCA) has publicly censured Amigo Loans Ltd (Amigo) for failing to conduct adequate affordability checks on borrowers and guarantors.
The Scottish private sector reported a further fall in total activity during January according to the latest Royal Bank of Scotland PMI data. The Business Activity Index - a measure of combined manufacturing and service sector output - fell from December's five-month high of 48.3 to 47.1, signalling
The number of companies filing for administration in Scotland fell by a quarter in 2022 despite rising inflation, weaker trade and geopolitical uncertainty continuing to put businesses under pressure. Analysis of notices in The Gazette by Interpath Advisory reveals that a total of 32 companies fell
Drinks sector companies including Diageo and Tennent's Lager have joined forces to challenge the Scottish Government over its potential plans to restrict alcohol advertising and marketing.
Energy storage firm Gravitricity has appointed Edinburgh and London-based corporate finance specialists Gneiss Energy to spearhead a £40 million funding drive – with the goal of building three demonstrator projects in the next five years. Earlier this year the Edinburgh-based energy stor
Mackie’s of Scotland has appointed Stuart Common as managing director, as Mac Mackie steps down from the role and takes up his new position as executive chairman. Mr Common, 36, has secured the role after working at the family business for more than 16 years at the Aberdeenshire firm, lat
Three former lawyers and two other men who masterminded a £1.48 million bank and property money-laundering operation have been jailed for a total of 30 years and four months.
Edinburgh-based Par Equity has invested £38 million in early-stage technology businesses across the north of the UK in 2022, up from £25m in 2021, backing 27 companies in 2022, of which ten were new additions to the portfolio. One of the highlights of the year was the sale of Optoscribe,
The November 26 incident, which took place on a flight from New York to New Delhi, has landed Shankar Mishra in hot water.
