A former office worker jailed for defrauding two construction companies has been ordered to pay back more than £80,000 under Proceeds of Crime laws. Stephanni Houston, 41, of Ayr, was sentenced to 38 months in prison in November 2023 for embezzling over £516,000 from two construction com
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The profits of thousands of Scottish businesses are being squeezed by stealth due to inflation – or the ‘invisible tax’ as it is sometimes known – and should raise their prices, cut costs and invest in efficiency, a business advisor has warned. Inflation, currently around 3.5
Lindsays has appointed Ken Dinneen as its new head of finance, taking over from Jim Kinloch, who retires after seven years with the firm. Mr Dinneen brings decades of experience in legal services to his new role, which commenced last week. He joins Lindsays from Balfour & Manson, where he served
Legal tech platform Valla has secured £2 million in seed funding to further its mission of democratising access to justice for UK workers. The company's innovative AI-powered solution has caught the attention of investors, including Ada Ventures leading the round alongside Active Partners and
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
Reflecting wider trends, the Scottish economy is currently in a fragile state, exacerbated by the US's recent announcement of 10% tariffs on all imports, which has dampened business and consumer confidence, according to the latest EY ITEM Club Scotland forecast. The US tariffs are likely to have an
Dwello, a new residential lettings agency, has commenced operations in Glasgow's West End with an ambitious target of managing 1,000 properties within its first two years. Founded by experienced landlord, Stephen McKechnie, who has assembled a team of industry experts, Dwello aims to simplify the le
Savills has reinforced its dedication to Edinburgh's active rental market through further investment in its residential lettings team, reflecting the sector's sustained expansion, despite an evolving regulatory environment. Leading the expansion is Sophie Strand, who has been appointed as head of re
Financial sustainability remains a paramount challenge for Scotland's 840 community land buyouts, a key theme at the recent Community Land Scotland Annual Conference.
Scotland’s biotechnology sector is celebrating a major milestone with the launch of the nation’s first open-access 300-litre fermenter – a state-of-the-art piece of equipment that will support early-stage companies to develop bio-based products at scale. Located at FlexBIO, the Ind
Another round of funding of £100,000 has been announced by the Scottish Government and innovation support organisation Interface to encourage businesses outwith Scotland to collaborate/partner with academics, bringing in knowledge, skills and potential jobs. The Scottish Inward Investment Fund
James Dewar and Alistair McAlinden from Interpath have been appointed as joint provisional liquidators to Fishers Tours Limited on Friday 30 May 2025. Fishers Tours was a Dundee-based private hire coach company that provided short and long-distance travel in Scotland. In recent months, the business
Once valued at $1.5 billion (£1.11bn), British AI startup Builder.ai is now initiating bankruptcy protection after revelations that its lauded artificial intelligence platform was significantly reliant on human engineers, primarily in India, rather than genuine AI automation. The company, know
FinTech Scotland has unveiled the latest innovation programme in collaboration with TSB Labs at Money20/20, Europe’s largest fintech conference. TSB Labs, the award-winning fintech accelerator, is once again partnering with FinTech Scotland to identify, support and scale innovative solutions t
Johnston Carmichael has strengthened its senior team with five promotions, comprising four new partners and one director. These appointments are among 93 promotions announced across the firm this month, underscoring its continued expansion across the UK.