DVCP, a UK-based professional services firm founded by two Scots, has been acquired by the global change and transformation consultancy, CubeMatch. CubeMatch, which serves a number of blue-chip clients in the banking and financial services industry, has secured an initial shareholding in DVCP, with
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Aberdeenshire-based Kirkwood Homes has blamed higher interest rates for a £4.4 million loss in its most recent accounts. The housebuilder recorded a pre-tax loss of £4.4 million for the financial year ending 30 June 2024, having reported a £1.6m profit in the previous year.
Aberdeen-headquartered corporate finance firm Quantify Advisors is targeting further expansion after a successful first year of operations. Fronted by seasoned corporate finance professionals, Tom Faichnie and Melanie Clark CA, Quantify has already advised on 14 completed deals with a cumulative dea
Wbg has warned that the revised Charities Statement of Recommended Practice (SORP) will prove particularly challenging for small charities. The most significant changes in the revised SORP include a proposed tier model for categorisation of charity size, expanded requirements for the Trustees Report
The University of Dundee is facing a renewed crisis after its interim chief finance officer, Chris Reilly, resigned just eight days into his tenure.
Glasgow-based cloud computing firm iomart Group has successfully refinanced its banking facilities, securing a new £115 million revolving credit facility. The company also announced a delay to the publication of its full-year results and a significant non-cash impairment charge.
The Scottish Government has allocated £800,000 from its Ecosystem Fund to support 28 projects aimed at fostering business creation and growth across Scotland in the 2025/26 financial year. The initiatives are designed to cultivate entrepreneurial ambition, capability, and networks for both cur
The United Kingdom's economy grew by 0.7% in the first quarter of 2025, matching the initial estimate and marking the strongest expansion in a year. This welcome news for the UK government, which follows a modest 0.1% gain in the final quarter of 2024, positions the UK with the highest growth rate a
Former Abertay University boss Nigel Seaton has been appointed as interim Principal of Dundee University after the Gillies Review, which exposed severe financial mismanagement and a lack of transparency at the institution's highest levels, led to the resignation of interim Principal Professor Shane
Glasgow is set to introduce a new tax from January 2027, with visitors charged an additional 5% on overnight stays, averaging £4.83 per night.
Armstrong Watson warns businesses with operating leases to prepare for significant accounting change
Businesses with operating leases for offices, warehouses, retail spaces, vehicles and other high-value equipment will soon need to prepare for significant changes that will impact how they are accounted for in their financial statements, according to Armstrong Watson. The majority of businesses will
Prime Property Auctions has forecast a record-breaking year, marking its third consecutive year of substantial growth since its inception in 2022. The Glasgow-based firm, founded in 2022 by businessmen John Morris and Luis Guarin, anticipates a turnover of £2.4 million by the end of its curren
Edinburgh-headquartered Hampden Bank has hired Haydn Aird from Handelsbanken to the new role of head of banking, North and Midlands. The private bank announced in April that it was expanding from its offices in London and Edinburgh. Mr Aird will lead a team based in Manchester serving clients across
A new law which makes it easier for Scottish businesses to borrow against their moveable assets could help unlock more cross-border investment, a banking expert believes. The Moveable Transactions (Scotland) Act came into force on April 1, bringing Scotland’s lending legislation into alignment
Banks in China have been banned from offering trendy Labubu dolls to new customers. The dolls, created by Hong Kong designer Kasing Lung, have become a global trend, thanks in part to their embrace by TikTok influencers.
