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Edinburgh-based fintech lending platform LendingCrowd has been approved for accreditation by the British Business Bank as a new lender under the Coronavirus Business Interruption Loan Scheme (CBILS). This means LendingCrowd will be able to distribute UK government-backed loans to SMEs impacted by th

Paul Dounis and Matthew Haw of RSM Restructuring Advisory LLP, the joint administrators of Jablite Limited and Styropack (UK) Limited have saved 155 jobs in Aberdeen after completing a prepack sale of the business and assets of both companies.  Mr Dounis and Mr Haw were appointed join

The British Chambers of Commerce (BCC) has called for “swift, substantial and immediate action” to bolster the economy, as its Quarterly Economic Survey (QES) found that UK economic conditions deteriorated at an unprecedented rate in the second quarter of 2020.

Brexit had little effect on UK Mergers and Acquisitions (M&A) in the UK after the 2016 vote, according to a report published by Rooney Nimmo and investment company 24Haymarket.

Glasgow-based financial services firm XFS Limited has appointed Margo Kidd as its new chief operations officer. Ms Kidd has over 15 years of senior management experience, including a decade of strategic development and plan execution on a UK basis. She also has 32 years experience in collections.

Smart Metering Systems (SMS), the Glasgow-based energy tech firm, is returning its furlough cash received from the UK Government. The company had suspended its smart meter installation activities on 22 March 2020 as a result of the developing coronavirus situation. Due to significant uncertainties a

A German man has accidentally purchased 27 Teslas when trying to buy a new car.

The Scottish Chambers of Commerce (SCC) has called for VAT to be cut in the hospitality and tourism industry to help businesses who have been hit the hardest by the coronavirus pandemic.

Virgin Money, the owner of Clydesdale Bank, has announced that it will resume plans for branch closures in Scotland which it halted due to the coronavirus pandemic. In May, the bank's boss David Duffy said it had paused plans to change bank branch names to Virgin Money as it made provisions for high

A Scottish Masterchef finalist and restaurateur has taken some of his staff off furlough and re-employed them at his award-winning restaurant after being inundated with orders from across the UK for his home deliveries of fine dining lobster dinners. Dean Banks, 32, a finalist in the BBC Masterchef

PwC has appointed Matthew Hall as office senior partner at its Edinburgh office whilst Robin McBurnie has been appointed to the same role in Glasgow.  In addition, Edinburgh-based Jason Higgs and Paul Cheshire both became partners at the firm on July 1. Mr Higgs leads PwC Scotland’s Busin

HM Revenue and Customs (HMRC) has sent out more than one million tax credit renewal notices with incomplete information to addresses across the UK. When the automatic renewal notices were sent out, 1.2 million of them did not include income details which are usually clearly stated on the document.&n

Since the start of the coronavirus crisis, audit firms across the UK have introduced a range of additional measures to improve their evaluation of companies’ going concern assessments.

Burness Paull has completed a multi-million-pound fundraising round which saw the firm's top equity partners double their capital stakes to £300,000. Partners chose to inject the cash into the business instead of raise bank borrowings, The Lawyer reports. The firm has also reduced its monthly

Aberdeen-headquartered SeaFlo Consultancy Ltd has invested more than £250,000 to develop a new dynamic marine and subsea training capability supported by state-of-the-art mobile simulators.