News

A student from Leeds was sent home from school yesterday after he charged his classmates 50p for a squirt of hand wash. Oliver Cooper, who is a pupil at Dixon's Unity Academy, purchased a £1.60 bottle of Johnson's child hand wash from a Tesco store as he waited for the school bus before he pro

Scottish member companies of the Building Engineering Services Association (BESA) say the current practice of withholding cash retentions is hugely damaging for many Scottish construction SMEs and is leading to widespread insolvencies.

Not-for-profit lender DSL Business Finance had a record year in 2019, providing funding of £4.5 million to small and medium-sized businesses and social enterprises in Scotland, up from £3.1m in 2018. The Glasgow-headquartered alternative finance provider supports enterprise in Scotland b

Dundee-based technology firm Broker Insights is approaching its £500 million of premiums benchmark in its insurance industry platform, all within just 18 months of launching. Headquartered at Water's Edge in Dundee, Broker Insights' growth has been so rapid that they have outgrown their curren

The GlenAllachie Distillers Co. Limited has secured a £30 million asset-based lending package from Clydesdale Bank, thanks to support from the new Scottish arm of Belfast-based finance specialists HNH. The award-winning whisky company appointed Bruce Walker, director of HNH’s Edinburgh t

Maritime Developments Limited, the Peterhead based provider of offshore mission-critical ‘back of boat’ systems and services to the global energy sector, has received £5.25 million in funding from ThinCats.

Housing minister Kevin Stewart has hailed a 24% increase in new build home starts across all sectors as the latest quarterly statistics on new housebuilding and affordable housing supply were released yesterday. According to the latest figures, the number of new build homes that were started in the

Lindsay Lee, practice development lawyer at Brodies LLP, details what things should be considered when entering into credit agreements during the current COVID-19 'delay' phase. With the Government expected to declare a transition from the 'contain' to 'delay' phase in its response to COVID-19 what

Power Jacks, an Aberdeenshire-based design and manufacturing firm, has secured £9.5 million worth of export contracts thanks to support from UK Export Finance. The company provides electromechanical lifting solutions for use in a range of sectors, including civil engineering, energy, defence,

The British Chambers of Commerce (BCC) has welcomed the Bank of England's decision to cut interest rates, saying that the "decisive action" will "support the economy at this delicate moment". In an emergency response to the economic impact of the Coronavirus outbreak, the Bank of England today

Edinburgh-based GTS Solutions, the only social enterprise operating in the UK private security industry, has secured £50,000 from UMi Debt Finance Scotland allowing it to expand into cybersecurity. GTS Solutions was founded in 2012 by chief executive Chris Thewlis, who has borrowed £50,0

Lloyds Banking Group announced yesterday that it has allocated up to £2 billion of arrangement fee-free finance assigned to specifically support UK SMEs to ensure that they have access to additional finance to overcome any impact COVID-19 causes to their cashflow. The group said that its relat

One in three adults in Scotland (34%) say they would be most likely to take on extra debt if they were faced with a sudden gap in their finances, according to new research from insolvency trade body R3.

GCEX (GC Exchange Limited), a fintech specialising in digital assets, has announced that it will open a new facility in Glasgow.

A lawyer who allegedly bolted from a strip club after refusing to pay for his private dance has been arrested.