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The former finance director of construction outsourcing firm Carillion, Zafar Khan, has been disqualified from acting as a company director for the next 11 years due to his role in misrepresenting the firm's financial health and sanctioning unwarranted dividends. The ban was confirmed by the Insolve

Edrington, the Glasgow-based whisky distiller, comprising prestigious brands including The Macallan and Famous Grouse, has reported a 43% rise in pre-tax profits and exceeding £1 billion in core revenue for the first time, marking a milestone in the company's financial performance. This growth

James Watt, CEO of Brewdog, the brewery and pub chain headquartered in Ellon, Aberdeenshire, has expressed strong criticisms about the aftermath of Brexit, describing it as “tragic for UK business” and emphasising its detrimental effects on his own enterprise. Mr Watt shared his sentimen

Edinburgh-based corporate finance adviser, HNH, has steered Irish distillery, Powerscourt, towards a €25 million (£21.6m) asset-based lending package from PNC Business Credit, marking a significant step in the distillery's strategic growth plan. The asset-based revolving debt facility, se

Shepherd and Wedderburn’s banking and finance team has reported a busy 12 months. In the year to 30 April 2023, the team advised clients including banks, funds, financial institutions, alternative lenders, public bodies, corporate borrowers and sponsors, on over 140 deals with a total value of

Upcoming revisions to the research and development (R&D) tax relief process, set to take effect on 1 August, could discourage Scottish SMEs from applying for vital financial support, according to an R&D expert. Gemma Monaghan, head of R&D tax in Scotland at Azets, warns that the new proc

James Fennessey, Colin Haig and Matthew Richards, partners with accountancy firm Azets, have secured a going-concern sale of the Antonine Shopping Centre in Cumbernauld to a new joint venture company, Beltrace (Antonine) Ltd., for an undisclosed sum.

At a time when other banks are increasingly prioritising digital banking and closing many of their branches, the Scottish Building Society has opened its new Edinburgh relationship centre reaffirming its commitment to high street banking.

Blair Nimmo and Alistair McAlinden from Interpath Advisory were appointed joint administrators of Adastra Access Limited, suppliers of specialist access equipment in the construction industry, as the firm was placed under administration on 20 June 2023. Headquartered in Glasgow, Adastra Access contr

David Alexander discusses the recent rise in Scottish insolvency activity and its implications for small businesses, while stressing the importance of proactive debt recovery, and awareness of personal liability in insolvent trading. Scottish insolvency activity recently reached the highest level fo

Farmfoods, headquartered in Cumbernauld, has posted a pre-tax profit of £22.2 million in 2022, an increase from the previous year's £20.5m.

Glasgow-based Consilium Chartered Accountants has supported Smedvig Capital in the successful completion of a €6 million (£5.14m) investment round into EdgeTier, an Irish company specialising in AI-powered analytics. Consillium’s David Holt and Colin McCrann provided financial due d

Scottish construction accountancy firm, Empowered By Cloud, has achieved a record £1 million turnover, 45% up from the previous year's £692,000, according to financial reports for the year ended 30 April. This marked growth for the Glenrothes-based firm, established in 2018, comes alongs

Building services contractor, Emtec Group, has promoted Calum Brown to head of finance. Having worked for over a decade in finance, Mr Brown began his career as a trainee accountant at Cumbernauld-based FBD Consultancy in 2012. Prior to joining Emtec, Mr Brown was finance manager at Amity

While preparing his late father-in-law's Los Angeles home for renovation, California-based estate agent John Reyes unearthed an astonishing haul of over one million copper pennies hidden in a tight crawlspace.