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Scottish member companies of the Building Engineering Services Association (BESA) say the current practice of withholding cash retentions is hugely damaging for many Scottish construction SMEs and is leading to widespread insolvencies.

Power Jacks, an Aberdeenshire-based design and manufacturing firm, has secured £9.5 million worth of export contracts thanks to support from UK Export Finance. The company provides electromechanical lifting solutions for use in a range of sectors, including civil engineering, energy, defence,

One in three adults in Scotland (34%) say they would be most likely to take on extra debt if they were faced with a sudden gap in their finances, according to new research from insolvency trade body R3.

Royal Bank of Scotland has said it will defer mortgage and loan repayments for a period of three months, for customers who have been affected by the Coronavirus outbreak.

Barclays has supported the recent refurbishment of iconic Loch Lomond destination, Duck Bay, which has unveiled a new look restaurant, coffee shop and bar.

Edinburgh-based fintech Modulr has announced it has joined Visa as a principal issuing member, granting it direct access to the industry-leading global payments network. The new partnership will add extra functionality and benefits to Modulr’s offering, including optimised pricing, improved sp

Scottish entrepreneur Liz Watson has purchased her first business in East Kilbride using a six-figure funding package from HSBC UK. Ms Watson established a new company, Redloan Holdings, to purchase The Mobility Centre from original owners Susan and Stephen Laughlin who have now retired. T

Assetz Capital has surpassed the £1 billion mark for lending to SMEs and housebuilders across the UK, with more than £115 million being deployed in Scotland since 2013. As part of its business lending, Assetz Capital has been a key supporter of the UK housing market, funding a total of 4

An app which lets kids receive, manage and spend their money has raised $5 million in funding from investors.

Anderson Anderson & Brown LLP (AAB), chartered accountants and business advisors, has this week completed the expansion of its Edinburgh office space. The expansion follows a raft of contract wins and the company anticipates an increase in headcount thanks to the completion of the project.

Older homeowners in Scotland face a retirement income shortfall of £17,652 a year, according to a new report published today by the Equity Release Council and Key.

Over 600,000 SMEs (0-249 employees) could be at risk of collapse in 2020, according to new research by small business insurance provider Simply Business.

The Financial Conduct Authority (FCA) has admitted to accidentally posting the personal information of an estimated 1,600 people who complained about it on its website. The FCA has issued a statement which says that in a response to a Freedom of Information Act request published on our website in No

The rate at which the over-55s are extracting money from their pension savings could leave many at the risk of running out of money in retirement, the Association of British Insurers (ABI) has warned. ABI has said that five years on from the launch of pension freedoms, the idea of "cash today, pover

Chartered accountant Wylie & Bisset has issued a warning to charities about the risk of fraud. While the true cost of fraud to UK charities is unknown, the Fraud Advisory Panel estimates that it could be as high as £2 billion a year. According to the Office for National Statistics, there w