Search: financial focus

LINC Scotland, the national angel capital association, has launched a new operating brand, Angel Capital Scotland. Angel Capital Scotland will continue LINC Scotland’s role of supporting collaboration across the angel investment sector, including member syndicates, individual investors and ind

A former office manager of an Edinburgh property firm has been sentenced to three years' imprisonment after defrauding her employers and its clients of over £900,000. Emma Hunt, 37, spent thousands on parties, hospitality at sporting events, hotel stays, a five-star Caribbean holiday, cars, an

With HMRC forecasting that 283,400 estates will face inheritance tax (IHT) by 2028, Wylie & Bisset has urged clients to seek an early assessment of their IHT exposure and plan ahead. This forecast comes in the wake of Chancellor Jeremy Hunt's decision to maintain the IHT threshold at £325,

Businesses in Scotland had 131,396 fewer unpaid invoices on their books in July 2023 than July 2022, according to new research from insolvency and restructuring trade body R3. R3’s analysis of data provided by Creditsafe shows that overdue invoice numbers in Scotland have fallen from 552,

A more comprehensive review of the Charities and Trustee Investment (Scotland) Act 2005 is needed, the Institute of Chartered Accountants of Scotland (ICAS) has argued. The call comes after the Charities (Regulation and Administration) Act 2023, with relatively limited reforms, received Ro

Glasgow-based food tech firm ENOUGH has successfully raised €40 million (£34.2m) in a recent growth funding round. The funding was co-led by Europe's renowned climate tech venture capitalist, World Fund, and prominent food tech investor, CPT Capital. Notable investors such as AXA IM Alts,

Macdonald & Muir, the owner of whisky brands Glenmorangie and Ardbeg, has posted a surge in pre-tax profit of almost 60%, reaching £46.9 million in 2022. This rise is up from £29.5m the previous year. The company’s turnover also witnessed a notable increase of 47%, amounting to

The Scottish Retail Consortium (SRC) has called for public spending restraint rather than tax increases to form the bulk of the action needed to plug the Scottish Government’s projected £1 billion spending gap next year. The gap in the devolved government’s finances is forecast to

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