Search: financial focus

Excluding the impact of being a partner in an unincorporated business which is declared bankrupt, the two main routes into bankruptcy are by an individual submitting the appropriate form to the accountant in bankruptcy (AiB – a civil servant based in Ayrshire) or a creditor lodging a petition

The number of companies in Scotland filing for administration during H1 2024 has dropped by 15% compared to the corresponding period last year, according to figures from Interpath Advisory. Analysis of notices in The Gazette by Interpath shows there were 28 administrations in Scotland in the first s

FinTech and challenger bank Revolut has announced today that it has received its UK banking licence with restrictions from the Prudential Regulation Authority (PRA). Revolut now enters the ‘mobilisation’ stage, sometimes referred to as ‘Authorisation with Restrictions’, a com

Edinburgh has reclaimed its position as the top UK city outside London for foreign direct investment (FDI), surpassing Greater Manchester, according to a new study.

The Lieutenant Governor of Oklahoma, Matt Pinnell, has held a series of high-profile meetings with the Scottish business community as part of a trip aimed at improving transatlantic business relations, promoting investment opportunities for Scottish businesses throughout the state of Oklahoma.

Largo Leisure Parks has formally launched an £800,000 development, expanding its Sauchope Links holiday park, with a traditional ribbon-cutting ceremony. The project, at the coastal park near Crail, is part of an overall investment programme by private equity firm Limerston Capital,

Glasgow-headquartered Edwin James Group has acquired Pettits Ltd and its subsidiary Motivair Compressors Ltd for an undisclosed sum. The deal strengthens Edwin James Group's portfolio, introducing compressed air management services and access to Motivair's 9,000 assets across various sectors.

More Edinburgh occupiers decided to "stay put" rather than taking new office space during the second quarter of 2024, with regears outpacing new leases, according to figures from Knight Frank.

Edinburgh-based risk prevention specialist Reactec has announced its busiest year on record – with a 40.9% increase in annual turnover to £5.58 million. The company’s accounts for the year ended 31 December 2023 showed a gross profit of nearly £3.8m and an operating loss

Johnston Carmichael has reshaped its leadership team with the appointment of a new senior partner and chief executive officer. Mark Houston, chair, becomes senior partner while Lynne Walker, formerly the firm’s vice chair, and head of business advisory, becomes CEO.

The Institute of Chartered Accountants of Scotland (ICAS) has congratulated Sir Keir Starmer on winning yesterday's UK general election in a landslide. Following heavy losses for the Conservatives and SNP, and gains for the Liberal Democrats and other parties, the election resulted in a new Labour g

Funders are out in force and looking for opportunities as the commercial property sector in Scotland once again demonstrates its resilience, writes Ian Woods as he analyses trends in various sectors and critiques government policies. This time last year, it would have taken a large amount of br

The National Galleries of Scotland (NGS) has said it will maintain its sponsorship deal with Baillie Gifford, despite other cultural institutions cutting ties amid activist pressure due to the investment firm's links to fossil fuels and Israeli settlements in the occupied West Bank. National Galleri

AAB has promoted five team members to key leadership roles, elevating three to partner and two to director level. The promotions coincide with a broader initiative that has seen 150 team members advance across the firm's 12 offices.

Two local mothers have turned their shared passion for gin and the Highlands into a successful craft gin business in just eight months. Catriona and Cara first launched Bealach Gin in October 2023. The pair met at a local mother and toddler group and soon became firm friends, realising that the