Search: financial focus

James Dewar and Alistair McAlinden from Interpath have been appointed as joint provisional liquidators to Fishers Tours Limited on Friday 30 May 2025. Fishers Tours was a Dundee-based private hire coach company that provided short and long-distance travel in Scotland. In recent months, the business

John Heaney Electrical Limited (JHE), the West Lothian-based electrical, mechanical and HVAC firm, has posted a record turnover for the third year running following a series of significant contract wins. The Livingston company’s latest set of financial results to the year end December 2024 sho

The Edinburgh Boiler Company (EBC) has announced a record turnover of £7.2 million for the financial year ending 31 March 2025, a 60% increase from the previous year's £4.6m. This strong performance is largely attributed to the company's strategic expansion into the renewable energy sect

A major new dedicated Scottish green finance initiative has been launched with the aim of unlocking up to £40 billion a year of investment into green projects across Scotland. Transition Finance Scotland (TFS), in partnership with the Green Finance Institute (GFI), will mobilise private capita

St Mirren FC has outsourced its payroll operations to Glasgow-based business support specialist Solvd. in a strategic move designed to modernise its infrastructure, reduce operational risk and build long-term resilience across the club. The partnership comes as clubs across Scottish football face es

First Minister John Swinney has set out the SNP Government's new Programme for Government, outlining several of financial commitments aimed at easing cost-of-living pressures and fostering a more supportive business environment in Scotland. For businesses, the First Minister pledged no further diver

As artificial intelligence (AI) rapidly moves from a futuristic concept to a practical tool within the accountancy profession, firms across Scotland are grappling with its potential, integrating AI to enhance efficiency while navigating the risks and ethical considerations. Leading Scottish accounta

Kelso-based insect repellent manufacturer, Pyramid Travel Products, is set for expansion following a management buyout (MBO) supported by a £600,000 funding package from HSBC UK. The deal allows current managing director, Stefan Cameron, to acquire a majority stake in the company.

Glasgow-based mutual Scottish Friendly has announced its second-highest sales figures in its 163-year history for 2024, reaching £50.6 million annual premium equivalent. The result, slightly down from £51.1m in 2023, was supported by a roughly 30% year-on-year increase in sales of its ow

Opus Restructuring & Insolvency has bolstered its Scottish operations by appointing experienced insolvency practitioner Paul Dounis as a partner in its Edinburgh office. Mr Dounis joins Opus from RSM and brings over 35 years’ experience, having worked in major financial centres including A

Glasgow-based artificial intelligence (AI) specialist FD Intelligence has secured £200,000 in funding from UKSE, a subsidiary of Tata Steel, to accelerate its growth within the financial services sector. Founded in 2021, the Finnieston firm initially offered consultancy before developing its o

The UK government's shareholding in NatWest Group has fallen below 3%, marking a significant milestone in returning the bank to full private ownership following its £46 billion bailout during the 2008 financial crisis. The Treasury's stake, now at 2.99%, has been reduced through an ongoing tra

Azets has reinforced its dedication to sustainability, placing environmental, social, and governance (ESG) principles at the core of its long-term strategy, even as other firms scale back similar initiatives. Chris Horne, group CEO at Azets, said: "This is no time to slow down. sustainability is not

The Bank of Lithuania has imposed a €3.5 million (c. £3m) fine on Revolut for deficiencies in its anti-money laundering (AML) processes, marking the UK-founded fintech's largest financial penalty to date. The Lithuanian central bank, which oversees Revolut's European banking operations al

Private bank Hampden has relocated its Edinburgh headquarters and rebranded from Hampden & Co to Hampden Bank. The bank has moved from 9 Charlotte Square in Edinburgh, where it opened in 2015, to a newly developed double-townhouse office at 20 and 21 Charlotte Square, the iconic square that is p