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Graeme Carling, has said he personally lost some £2.2 million and left "no stone unturned" in his attempts to save the business. McGill, lately registered as McGill Facilities Management Ltd, officially entered administration on August 25th for the second time in less than four

Green Bioactives Ltd (GBL), a Edinburgh-based firm dedicated to the discovery, development and sustainable production of high-value natural products derived from plant cell cultures, has successfully completed a £2.6 million seed financing round. The funding round was led by Eos Advisory LLP a

Burges Salmon has advised Blackfinch Property (Blackfinch) on a £4.4 million loan to fund the acquisition and restoration of a large area of land in Dumfries and Galloway.

Hushpuppi, an Instagram influencer from Nigeria has been sentenced to more than eleven years in prison in the USA for his role in an international fraud syndicate. Hushpuppi, whose real name is Ramon Abba, was ordered to pay $1,732,841 (c.£1.52m) in restitution to two victims.

Grampian Housing Association has secured a £96 million loan facility from the Royal Bank of Scotland (RBS) to assist in addressing the continued demand for good quality sustainable homes in the North East. The funding will allow the Aberdeen-based housing association to continue to sustainably

The only painting created by London rapper and record producer Skepta has been sold at auction for £81,900, more than £20,000 over its estimated price of £40,000-£60,000. The piece, called "Mama Goes to Market", was painted by Skepta over one week in 2020, but was later tagge

Virgin Money has launched a new online service to help with running and management of small businesses. Following on from the launch of M-Track earlier this year, 'Marketplace' is the next step in the ecosystem that Virgin Money is developing, offering digital services to help customers run their bu

ASC Finance for Business, a national broker franchise network, has expanded with two new Scottish offices in Edinburgh and Perth. The offices are fully open and will be run by new director Steven Downie, who has taken over the office from Alison Hunter, who has been managing the firm's Scottish oper

A global firm managing $640 billion in assets has distanced itself from its head of responsible investing after he appeared to shrug off the impact of climate change. Stuart Kirk, global head of responsible investing at HSBC Asset Management, told a Financial Times event: "Who cares if Miami is six

Lanark-based recycling and waste management business Levenseat has announced plans to invest £4m upgrading a new Materials Recycling Facility (MRF), which it purchased for an undisclosed sum from Avondale Environmental today. Levenseat says it will introduce new technologies and automated proc

Womble Bond Dickinson (WBD) has confirmed three senior promotions in Scotland as part of its UK-wide growth. Chris McLauchlan, Lisa Dromgoole and Emily Pike from the firm’s Edinburgh office have been appointed as partners.

Edinburgh-based 'fishtech' start-up Rooser has secured more than £17 million in funding in an equity fundriasing round led by Index Ventures, Google Ventures and Point Nine Capital. The funding will be used to help boost the firm's technology designed to speed up fish sales and cut waste.

Royal Bank of Scotland, under the NatWest Group, has today announced it is launching green loans, and through Lombard, green asset finance propositions for qualifying SMEs, with no arrangement fee, to help them achieve their sustainability ambitions. Following the announcement of the group’s a

St Andrews-based Pneumagen, a clinical-stage biotech company, has raised £3.8 million to advance clinical development and manufacturing of its lead product Neumifil. The financing round was co-led by existing investors, Thairm Bio and Scottish Enterprise.

Businesses in rural areas across Scotland are being encouraged to take part in a new Rural Business Panel survey which gets underway this week. More than 2,700 firms are to be contacted for their views on topics such as economic confidence, business performance and optimism, as well as current conce