Search: financial focus

In the first half of 2023, the UK economy has demonstrated a greater resilience than initially expected, and is set to steer clear of a recession, according to the CBI's most recent economic forecast. With a GDP growth of 0.4% anticipated over 2023, set to escalate to 1.8% in 2024, these figures mar

Henderson Loggie has appointed Donald Scott as the director of its growing insolvency division. Working with Henderson Loggie’s head of insolvency Shona Campbell, Mr Scott takes up his leadership role today, overseeing the team of skilled professionals dedicated to delivering tailored insolven

The Q1 2023 Household Finance Review released by UK Finance has revealed that the enduring inflation and escalating interest rates have begun to pressurise household spending, savings, and borrowing. Notably, affordability issues for potential house buyers have increased due to a combination of tigh

Maxi Caledonian Ltd has posted a rise in pre-tax profits from £4 million to more than £4.3m and an increase in turnover from £80m to over £89m, in its 2022 financial results, showing resilience in a challenging business environment.

Glasgow-based firm N4 Ventures, spearheaded by Gordon Merrylees, previously the managing director of entrepreneurship at NatWest, RBS, and Ulster Bank, has announced the initiation of its inaugural venture capital fund following regulatory approval from the Financial Conduct Authority (FCA). N4

Scottish home furnishings retailer, Gillies of Broughty Ferry, has reported a notable increase in sales, achieving a turnover of £24.5 million for the financial year ending 31 August 2022.

Edinburgh-based technology startup Inicio AI, known for making debt management more efficient for businesses and less stressful for consumers, has successfully secured more than £500,000 in an ongoing £1 million fundraising round. Inicio's technology supports efficient financial manageme

Cross-border advisory firm, Quantuma, has appointed seasoned restructuring advisory professional Alistair Dickson as a managing director in its Glasgow office. With over 30 years of industry experience, Mr Dickson, a chartered accountant, will join the firm from his previous position as the director

Airbnb, the popular online holiday let platform, has come under scrutiny from HM Revenue & Customs (HMRC) in an extensive tax investigation dating back to the 2017-18 financial year.

Commonwealth Games Scotland has appointed Ian Reid CBE as the organisation’s new chair. Mr Reid will bring a wealth of relevant experience to the role, having served as Chief Financial Officer of the Glasgow 2014 Games and more recently as Chief Executive Officer of the Birmingham 2022 Commonw

Thomson Cooper Accountants has successfully raised £7,000 through a tenpin bowling event in Dunfermline for its charity of the year, Marie Curie. In addition, a bake sale organised by the Cress Company Limited contributed nearly another £1,000 to the fundraising total.

Scottish accountancy firm, Johnston Carmichael, has expanded its senior management ranks with three new director promotions as part of its strategic leadership growth plan. Irina Cheburdanidze, who is based in the firm’s Edinburgh office, Ryan Crilley, based in Glasgow, and Ruth Canham, in Elg

Ken Tudhope has been named the new director of finance and people services at Cairn Housing Group. Assuming his new role at the end of August, Mr Tudhope will bring with him a wealth of experience and expertise in the housing sector.

A Scottish Parliament committee has launched a public consultation to seek views on new Scottish bankruptcy laws.  The Bankruptcy and Diligence Bill will, among other provisions, create a “mental health moratorium”, meaning enforcement action against someone with serious mental

The Scottish Government has published the Visitor Levy (Scotland) Bill, potentially enabling councils to introduce a tourist tax on overnight stays.