Business

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Scotland witnessed a net closure of one store per day in 2023, according to a report by PwC and The Local Data Company (LDC). While 1,069 stores closed, 732 new outlets opened, resulting in a net loss of 337 shops and outlets belonging to chains with five or more locations.

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Social enterprise and luxury mattress manufacturer, Glencraft, has signed its first retail partner contract in North America.The contract, expected to yield Glencraft an annual six-figure turnover, has been secured with Inform Interiors, a high-end furniture retailer based in Canada.A not-for-profit

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Lanarkshire-based weed control and tree management specialist Complete Weed Control has secured a further five-year deal with waste and resource management firm FCC Environment. The Larkhall-based company recently completed a three-year contract with FCC Environment, which has been extended for five

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A multi-million pound contract has been secured by water retailer Business Stream, that will see it continue to provide water and waste water billing services for Scotland’s public sector. Business Stream, headquartered in Edinburgh, has been awarded the Scottish Government’s Water and W

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Harland & Wolff Group Holdings plc, an engineering firm specialising in strategic infrastructure projects and physical asset lifecycle management, has landed a contract to fabricate subsea structures at its Isle of Lewis site for a global oil services company. The five-year master services agree

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E-learning specialist ITZA has secured £2 million of R&D grant and equity funding from Scottish Enterprise, Alba Equity, and private investors to grow a digital learning, production and AI analytics hub in Scotland to accelerate independent learning for young people in the 10-16 age range

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Sallyport Commercial Finance is poised for significant growth in 2024, capping off a successful first year with £4.4 million in funding across key UK industries. The company has doubled its team since inception and expects to increase its team by a further 50% this year. It plans to open a new

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Businesses have judged the UK tax regime negatively for its impact on four key economic issues – business growth, innovation, sustainability, recruitment and retention – according to the latest Azets Barometer. The UK scored an average of below 5 (on an optimism scale ranging from zero t

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Dunfermline-based construction business Riddell PM has commenced the transition to its next chapter as company directors Dave and Doreen Riddell step down from their active roles. After an illustrious career spanning more than five decades, company founder Dave has decided to hang up his hard hat an

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A new survey by accountancy firm Azets has revealed that despite 58% of businesses considering succession planning, the high levels of awareness about succession are not being matched with formal planning. The latest Azets Barometer survey – which measures the opinions of business leaders acro

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Trojan Energy, the on-street electric vehicle charging specialist, has appointed Chris Waples, Terry Hart and Keith Barclay to the company’s board of directors. These appointments follow £26 million of funding secured by the company in a raise supported by lead investors BGF and The Scot

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Scotland's listed companies experienced a notable increase in profit warnings during Q4 2023, surpassing the combined warnings of the entire preceding year, as revealed by EY-Parthenon's latest Profit Warnings report. Ten profit warnings were issued in 2023, with six in Q4 alone. The number of Q4 wa

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Emergency Repair, Scotland’s first all-trades national emergency repairs company, is on track to record a turnover of £1 million in its first six months of trading. With 2000 emergency trade specialists and experienced engineers on call across the UK, the firm covers the length and bread

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Award-winning Aberdeen entrepreneur Andrew Smith has recently launched his latest venture, KLT Networking, aimed at empowering companies and individuals to enhance their business-winning capabilities. Previously the owner of Aberdeen Business Network (ABN) for 14 years, Mr Smith successful

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