Search: financial focus

An Edinburgh sandwich shop chain, Bross Bagels, has filed for liquidation after accruing debts of over £1.2 million. The largest chunk of this debt, approximately £625,000, is owed to the Inland Revenue. In a joint investigation, The Edinburgh Reporter and The Edinburgh Guardian discover

Bank of Ireland customers experienced a brief windfall as a result of a glitch in the bank's system allowing withdrawals of up to €1,000 (around £856) from ATMs, even if their accounts held no funds. This technical hiccup also affected the bank's app, granting users similar privilege

Glasgow-based integrated drug formulation and clinical trials specialist BDD has secured a fresh £2 million investment to fuel its expansion, responding to a surge in demand for its proprietary drug delivery technology and its niche clinical trial services. This funding initiative was led by p

Private equity firm Endless LLP has acquired ASCO, an Aberdeen-based firm that offers integrated supply base operations to the energy sector, for an undisclosed sum.

The UK's economic growth outpaced expectations in the second quarter, with a 0.2% increase from April to June compared to the previous three months, according to the Office for National Statistics (ONS). GDP grew 0.5% in June and the Q2 rise was a modest uptick from the 0.1% growth seen in each of t

International law firm CMS has announced 34 new promotions across its three Scottish offices in Edinburgh, Glasgow and Aberdeen. Edinburgh-based Joanna Waddell, the firm’s sustainability lead for Scotland, has been promoted to of counsel.

Tim Thomas, partner at Ledingham Chalmers, offers advice to individuals who suspect a fellow director of fraud. Company directors have legal duties, holding them to account. But what happens if you suspect a fellow director is falling short — or is even potentially behaving fraudulently

Collected property taxes in Scotland have risen almost 50% in the past two years, according to recent analysis. Property firm DJ Alexander Ltd reports that revenues from the Scottish Government’s Land and Buildings Transaction Tax (LBTT) in June 2023 stood at £61.7 million from 8,780 pro

During May-July 2023, the average selling price of property across Edinburgh, the Lothians, Fife and the Borders held steady in comparison to the same time last year. A marginal increase of 0.4% took the average to £287,820, showing that the property market overall has retained composure durin

Newly released figures have revealed that the UK government's decision to freeze the inheritance tax threshold could affect almost four times more families than initially expected. The forecast by the HMRC suggests that 49,400 estates will face inheritance tax by 2028, significantly higher than the

Joint administrators Blair Nimmo and Alistair McAlinden from Interpath Advisory have taken over the reins of Le Chardon d’Or Limited, a Glasgow fine dining establishment, after it ceased trading last week. The company's restaurant, Brian Maule at Chardon d’Or on West Regent Street, is kn

Andy Drane looks at the emerging trend of large corporations partnering with landowners to finance carbon offset projects as part of their efforts to reach net zero emissions, and discusses the opportunities, risks, and considerations involved for the landowners. Most landowners will fully recognise

Occupier demand in the commercial property market in Scotland fell flat through Q2 2023, according to the latest Royal Institution of Chartered Surveyors (RICS) Commercial Property Monitor but surveyors appear more optimistic about the market in the three months ahead. A net balance of 2% of respon

Scottish business insolvencies have increased by 19.7% to 292, compared with the first quarter of 2022-23, according to the latest figures released by Accountant in Bankruptcy (AiB).

Glasgow-headquartered Smart Metering Systems (SMS) has reported robust growth in the first half of 2023, with its index-linked recurring revenues (ILARR) growing 13.3% to £110 million from £97.1m. The firm's smart meter portfolio, which includes meter assets, energy data, grid-scale batt