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Thorntons’ Edinburgh team has achieved a record annual fee income of approaching £12 million as the firm celebrates its 20th anniversary in the capital. The firm opened its doors in North Castle Street in November 2004 with just three employees. Now based at Haymarket, it boasts a team o

Bancon Group has reported an operating profit of £3.8 million for the year ended March 2024, down from £4.6m in the previous year, and a decrease in pre-tax profit from £1.8m to £1.3m. The Aberdeenshire-based housebuilding and construction group's turnover fell 26% from &poun

BTO Solicitors LLP has posted profits of £6.371 million, representing a 16.9% increase, for the 2023/2024 financial year. The law firm's latest Companies House filing shows turnover reached £19.575m, a 6.9% increase, for the same period.

The Accounts Commission has commended Scottish Borders Council (SBC) for its continuously improving and forward-thinking approach to making savings and tackling recruitment challenges.

Scottish debt recovery firm BPO Collections has been provided a £3.3 million loan from OakNorth to acquire CCS Collect. Ayrshire-headquartered BPO Collections, which is a wholly owned subsidiary of Canadian-based Everyday People Financial Corp, was founded by Graham Rankin in 2006. The fi

The British Business Bank has launched the Community ENABLE Funding (CEF) programme, which is designed to increase the availability of funding to social impact sector lenders, and the smaller businesses they serve in local communities across the UK. The initiative is aimed primarily at community dev

Edinburgh-based fintech Modulr has acquired the accounts payable automation disruptor Nook for an undisclosed sum.  Both companies have urged that they share a mission to address inefficiencies, remove manual steps and enhance the security of business payments. These are significant concerns, a

Caledonia Housing Association has recruited a head of finance and a head of investment and sustainability, both of whom have extensive experience in the housing sector. Angela Murphy has been appointed as head of finance and will start in January 2025. Ms Murphy is currently head of finance at Hillc

EY's UK partners have seen their average pay fall 5% to £723,000 this year, despite a 3% rise in revenue to £3.70 billion for the financial year ending 30 June 2024. The Big Four firm reported a compound annual growth rate (CAGR) of 10% for fee income over the last four years, while also

Scottish clean energy group D2Zero has acquired flow measurement consultancy Kelton, adding further decarbonisation expertise to its 4,000-strong workforce, as it seeks to accelerate net zero emissions. Since 1991 Kelton has been enabling leading energy businesses around the world to better understa

Scottish construction firm Algo has bounced back from losses in 2023 to achieve a pre-tax profit of £1.5 million for the year ending 30 June 2024. The Perth-based company attributed the previous year's losses to rising material costs impacting local government housing contracts.

Mid-market business confidence has faltered ahead of the Autumn Budget on 30 October, as profit growth expectations sink to a three-year low and confidence in their funding position continues a downward trajectory since the beginning of the year, according to Grant Thornton UK LLP. The business

A new analysis from the Scottish Retail Consortium has suggested shops in Scotland could see a £13 million hike in their business rates bills from April. The latest ONS Consumer Price Index reveals that inflation stood at 1.7% last month. September’s inflation rate is what UK Ministers t

Ahead of its centenary year, construction firm Morris & Spottiswood has announced record turnover of £128 million in 2023, a 25% rise from the previous year. Part of the Morris & Spottiswood Group, its founding business, Morris & Spottiswood Ltd, also achieved an operating profit o