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Scotland has experienced a 4.8% rise in corporate insolvency numbers (comprising liquidations and receiverships) for Q2 2023-2024, reaching 283 cases, in comparison to the same quarter in the preceding year, according to data released by Accountant in Bankruptcy. This reflects a substantial 19.

Scotland's largest independent electronics contract manufacturer, CB Technology, has delivered a 36% increase in turnover for 2022-23, taking its revenues to £14.3 million. CB Technology’s revenues have increased 500% since the successful management buy-in backed by Maven Capital Partner

UK retail sales dropped by 0.9% in September following a rise of 0.4% in August, according to the latest figures published by the Office for National Statistics (ONS).

Levenseat, a recycling and waste management firm, is set to generate 50 new jobs at its Lathallan facility in Polmont, close to Falkirk, following a nearly £1 million grant from Scottish Enterprise. The funding, part of the Low Carbon Manufacturing Challenge Fund, aids the site's refurbishment

Amid a challenging economic backdrop and a slump in the deals market, KPMG has announced it is instituting new austerity measures within its UK operations. The firm is set to slash around 110 positions in its deal advisory department, constituting approximately 7% of the sector's nearly 1,700 person

People who use their own cars for business trips are being left out of pocket by “severely outdated” mileage rates, the Association of Taxation Technicians (ATT) has warned. Employees can be reimbursed for business travel tax-free - provided that their employer uses HMRC approved rates.

Companies must prepare for a new law that will impose greater demands on verifying the identity of their directors and connected businesses, experts at Edinburgh-headquartered legal firm Lindsays have warned. An impending new law means that Companies House will impose more stringent measures on conf

Edinburgh and its surrounding area has emerged as the UK’s top innovation-led cluster for equity deals outside of the ‘Golden Triangle’ of Greater London, Oxford, and Cambridge, according to a new report launched today by the British Business Bank. The Bank’s Nations and Regi

Stirlingshire-based James Jones & Sons Ltd has completed the acquisition of bandsaw blade manufacturer and saw servicing provider Lancashire Saws Ltd.

Richard Howson, the former chief executive officer of Carillion Plc until 2017, has been disqualified from acting as a director for eight years. An Insolvency Service spokesperson said: "The Insolvency Service, acting on behalf of the Secretary of State for Business and Trade, has accepted a disqual

The business landscape has entered a state of rapid change and uncertainty, primarily influenced by geopolitics, according to KPMG’s annual survey of more than 1,300 CEOs – 150 in the UK – of the world’s largest businesses.

Ocean Winds, a 50-50 joint venture between EDP Renewables and ENGIE, has sold a 16.6% stake in the 950 MW Moray East Offshore Wind Farm to Equitix.

Scottish spirits producer William Grant & Sons has reported turnover of £1.72 billion and an after-tax profit of £331.3 million for the year concluding 31 December 2022. The reported figures signify a return to the pre-pandemic profit levels of 2019, overcoming the significant challe

Despite seeing a slowdown in takeovers, Deloitte UK, has reported a robust 14% growth in annual revenues, disclosing a turnover of £5.6 billion for the year to 31 May, up from £4.9bn in 2022. This surge in revenues, primarily driven by strong markets in the initial half of the year, led

August saw an increase in net borrowing of mortgage debt by individuals, marking the fourth consecutive month of growth, with a significant rise to £1.2 billion, up from July's £0.2bn. In contrast, the UK observed a decline in net mortgage approvals for house purchases, dropping to a six