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
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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
East Kilbride-based business software company Eureka Solutions has notched up a 15% increase in turnover following a restructuring of its cloud software business. The firm saw turnover reach £5.25m in its latest financial year, a significant jump on the preceding year’s £4.8m, whic
With the prospect of another recession looming in the face of the worsening cost of living crisis, Begbies Traynor’s latest data has revealed that Scottish businesses are already suffering with the country seeing a starker increase in advanced distress than the rest of the UK in the second qua
The number of personal insolvencies seen across Scotland rose by 11.2% during the first six months of 2022. Amid spiralling inflation and rising interest rates, fuel and energy costs continue to put households under pressure leading to an increase in personal insolvencies.
In the first quarter of this year, corporate insolvency numbers (liquidations and receiverships) in Scotland rose by 49.1%, compared with the same period in 2021. According to new figures published by the Accountant in Bankruptcy (AiB) - Scotland's Insolvency Service - the number of corporate insolv
Increases in the cost of living have led to more financial difficulties with 85% of surveyed individuals having said they are worried about their personal finances and, some are expecting to save less or stop saving at all towards their short and long-term savings goals, or are cancelling or d
National law firm Weightmans, which has an office in Glasgow, has announced its financial results for the 21/22 financial year as it awards £1.5 million in bonuses to its people. Total income increased by 5% to £103.2m. Net profit increased by 25% from £9m to £11.3m in the 12
House prices in Scotland are expected to rise amid a fall in buyer demand, according to the latest Residential Market Survey from the Royal Institution of Chartered Surveyors (RICS).
Employment tribunals involving menopause have increased by 44% year on year, according to an analysis of court records by Menopause Experts Group in its annual The Trials Of Menopause Report. There were 23 employment tribunals referencing menopause in 2021, compared to 16 in the previous year. &lsqu
