Search: financial focus

Greenock-based bathroom supplies business Ware With All has succumbed to financial woes, resulting in nine job losses.

A fraudster has succeeded in swindling over £20 million from a company by using deepfake technology to pose as its chief financial officer. In a cautionary tale for the AI age, the scam saw a finance worker in the Hong Kong office of a multinational firm invited via email to join a video call

The number of Scottish businesses experiencing advanced or "critical" financial distress rose by 26% in the last quarter of 2023, according to independent business rescue and recovery specialist Begbies Traynor. The figures, which are in line with the UK as a whole, are included in the company's lat

The financial repercussions of Brexit have been projected to reach a loss of £311 billion by the mid-2030s, a new report has revealed.

Aberdein Considine has expanded its wealth management operation, AC Wealth, with the appointment of Ross Leckridge as a Chartered Financial Planner to the firm's newly established Edinburgh division of its financial planning team. Mr Leckridge, a Fellow of the Personal Finance Society, brings more t

Ice-cream brand Mackie’s of Scotland has recorded an impressive 15% increase in turnover, for the financial year ending May, 2023 from £17.7 million to £20.8m, but this was not translated into increased profits, which stayed static at £1.1m as the family-owned business absorb

Inverness-based Highland Timber Construction has entered liquidation after failing to recover from the financial strain caused by the covid pandemic and a subsequent inability to secure new contracts.

Loganair has announced Chris Gemmell as its new chief financial officer. Set to assume his role from 1 March 2024 at the regional airline's Glasgow headquarters, Mr Gemmell will steer the Finance, HR, and IT departments.

Glasgow-based Consilium Chartered Accountants has successfully provided financial due diligence services to Smedvig Capital for its investment in Minut AB, a Swedish technology firm. The deal, which saw Smedvig invest $5 million (around £4m) in Minut, based in Malmo, is part of Smedvig's ongoi

Scottish Enterprise has written off nearly £30 million in failed investments and recorded £106m from company sales in its most recent financial year. The agency, which provides loans, grants, and investments to businesses, recorded a total write-off of £29.9m from 111 companies for

A Scottish business owner who faced financial uncertainty after her bank exited the SME market has successfully refinanced £8 million of debt with The Cumberland Building Society. Chartered accountant Margaret Beattie runs a chain of serviced apartments known as The Spires, but when her connec

In recent financial developments, gold prices soared to a record high of $2,135.40 (around £1,690) an ounce, spurred by the anticipation of lower global borrowing costs, a weakening US dollar, and expectations of loosening global monetary policies.

Scottish consumers are preparing for a more frugal festive season, as financial pressures cause a significant reduction in holiday spending, according to PwC's latest Festive Predictions. The annual research explores consumers’ Christmas shopping behaviours, from spending on gifts to their fes

A new board game aimed at raising awareness about common financial scams will soon be available to play in RBS branches in Glasgow and Livingston.

Insolvency practitioner Michael Reid provides an overview of the financial implications for unsecured creditors during a company's liquidation process, highlighting the changes in legislation that have influenced the distribution of assets and the potential for creditors to receive dividend pay