Insurance broker Bruce Stevenson reported a 30% increase in turnover to £11.7 million and a 33% profit increase to £3.9m for the year ending February 28, 2023. Growth was driven by various specialist areas and new sectors, including life sciences, technology, and risk management.
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Private sector rents in Scotland have risen faster than the rest of the UK, according to property firm DJ Alexander Ltd's analysis of recent statistics. The firm found that Scottish annual private rental prices increased 4.9% in the year to February 2023, compared to 4.5% in England and 4.2% in Wale
Business confidence in Scotland rose four points during February to 14%, according to the latest Business Barometer from Bank of Scotland Commercial Banking.
Cruise ship calls in 2023 for Forth Ports’ Capital Cruising business on Scotland’s east coast are set to jump by 50%, with around 150 cruise ships, carrying an estimated 225,000 passengers, expected to visit Edinburgh, Fife and Dundee this year.
Estate and letting agents DJ Alexander Ltd found that the number of properties advertised for sale has increased by 75% in Glasgow comparing February 2022 with February 2023. Similarly the number is up 37% in Perth; 34% higher in Edinburgh; 28% greater in Dundee; 25% up in Inverness; but 10% down in
Glasgow-based whisky blender and distributor Macduff International has reported a 15% rise in annual revenue to £13 million after sales returned to pre-Covid levels. The firm made a pre-tax profit of £902,227 in the year ending 30 April 2022, up from £811,631 for the previous year.
In December 2022, the number of Scottish businesses experiencing insolvency-related activity jumped over 32%, compared to the same period in 2021, according to new research from R3, the insolvency and restructuring trade body. R3’s analysis of data provided by Creditsafe shows there were 142 c
Audit costs are set to rise by as much as 50% for businesses next year, BDO managing partner Paul Eagland has warned. Mr Eagland said: “I think we’ll see fee inflation next year ... of around 20 per cent,” adding “For certain audits, it could be 50 per cent".
With Companies House data revealing that Edinburgh and south-east Scotland have the highest percentage of female entrepreneurs in the UK, Wylie & Bisset, accountants and business advisers, has welcomed the rise in the number of female-led start-ups while stressing the importance of cashflow as a
Protective packaging specialist Macfarlane Group has given a trading update reporting an 11% in revenue, despite weaker volumes, for the YTD to the end of October. The board expects the group’s results for 2022 to be ahead of last year and in line with its full year expectations.
Calnex Solutions has achieved pretax profits of £3.1 million up from £2.3m, a 34% increase year-on-year. The Linlithgow-based company's growth in profits comes on a 37.6% increase in revenues. The firm reported £12.7m in revenues for the six month's ended 30 September 2022, up from
Begbies Traynor have warned businesses across Scotland to prepare for further tough times ahead as new research by the firm shows that, in the latest quarter, advanced financial distress among businesses in the country has already started to soar compared with other parts of the UK. The latest
The number of companies filing for administration across Scotland jumped significantly in the third quarter of 2022, as economic headwinds continued to buffet businesses the length and breadth of the country. These findings were identified by Interpath Advisory in their latest analysis of notices in
Glenfiddich Scotch whisky and Hendrick's Gin owner, William Grant & Sons, has seen a 3% rise in profit in the last financial year. The firm's turnover rose by 12% to £1.4bn, while profits after tax rose to £248m from £240.4m, according to its latest full year report.
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
