Search: financial focus

Chartered Accountants Wylie & Bisset has said that new entrants into the market, coupled with the adoption of cloud-based accounting systems, are helping reduce the funding gap for Scottish SMEs. Recent research found that the total overdraft limit available to Scottish SMEs had declined, result

A major new report on the south of Scotland has found the region is at a ‘watershed moment’ for its economic future. 

The number of business failures in 2018 in the Scottish construction sector was the highest annual figure since 2014 and this year looks on target for a similar number, according to new analysis of the sector by leading accountants and business advisers French Duncan. In 2018 202 businesses in the c

Royal Bank of Scotland subsidiary NatWest has revealed a divide in attitudes between business people and consumers towards the major technological changes that are going to transform the way people live their lives in the coming years.

Barclays has teamed up with the nation’s oldest grime artists, Pete & Bas, to release a track - Bank Account Details Please – calling for the scammers to ‘jog on’.

CYBG, the owner of Clydesdale Bank, Virgin Money, Yorkshire Bank and digital brand B has announcemeed three new appointments to its senior leadership team. Lucy Dimes will join the bank in July as goup business transformation officer to lead on improving the efficiency and effectivene

One third of Scots (36 per cent) have borrowed money from family and friends; yet one in ten (8 per cent) do not expect to pay the money back, according to new research by Bank of Scotland.

The Financial Conduct Authority (FCA) has fined Bank of Scotland £45.5 million for failures to disclose information about its suspicions that fraud may have occurred at the Reading-based Impaired Assets (IAR) team of Halifax Bank of Scotland. The scandal resulted in corrupt staff at the branch

The UK Treasury has this week announced a ‘Breathing Space’ scheme in England and Wales that will give people in debt 60 days to seek help while their creditors freeze the interest, and offers additional protections for people whose debt has led them to experience a mental health crisis.

Wealth management company Tilney has continued to expand its presence in Scotland with a move to a new office in the capital city to accommodate its growing team and with the hire of Ronnie Binnie from Standard Life Aberdeen as managing partner for Edinburgh and Aberdeen. Less than half a mile from

Lloyds Bank, Halifax and Bank of Scotland customers are starting to see their savings and credit card accounts in real time alongside current accounts in their banking app, using the latest Open Banking technology. Today this only includes Lloyds Bank, Halifax and Bank of Scotland accounts.

Over 50 firms every day now being helped by insurers to cope with bad debts. The number of insurance claims made so far this by UK businesses facing bad debts has reached its highest level in ten years according to latest figures out today from the Association of British Insurers (ABI).

Glasgow-based architectural practice Anderson Bell +Christie has become the latest Scottish business to announce its transition to employee ownership – an increasingly popular business model.

Edinburgh-based cloud accounting provider FreeAgent has secured an industry first by successfully connecting its software to the UK’s biggest banks through the new Open Banking framework. The company, which makes award-winning software for small businesses and their accountants,

Clydedale Bank owner CYBG’s latest SME Health Check Index dropped by 6.6 points to 48.5 at a national level in the first quarter of 2019, its lowest rating for a year, driven by lower SME borrowing and an increase in businesses operating below capacity. Scotland experienced a 7.9 point decline