Search: financial focus

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

Chancellor Jeremy Hunt has announced a slew of financial measures aimed at bolstering the economy by aiding businesses, pensioners, the hospitality industry, and the self-employed.

Phil Anderson Financial Services has furthered its support of the Aberdeen football community with its sponsorship of the Hermes Bridge of Don Para Football team. The firm has a long-standing tradition of supporting local sports, and this new partnership underscores the firm's dedication to fosterin

Scottish Enterprise (SE) has broken its own record in nurturing academic innovation, demonstrating significant fiscal progress through its High Growth Spinout Program (HGSP). During the 2022-23 financial year, SE bolstered 33 research teams with grants totalling £2.06 million. These teams, ste

North-east social inclusion charity Aberdeen Cyrenians has extended the strength in depth of professional expertise on its board with the appointment of finance specialist Julie Thomson. Chief financial officer of city legal firm Aberdein Considine, Ms Thomson lends three decades of knowledge to the

Dundee-based financial services firm Embark Group has launched a brand new training facility in the city which promises to create a pipeline of high-value technology roles and inject fresh investment into the local economy.