News

Marketplace lender Assetz Capital has provided a £350,000 refinance loan to The Crown Tavern pub in Lanark to fund a refurbishment and third-floor residential conversion.

The number of corporate and personal insolvencies for the whole of 2019 has increased, according to the latest Scottish Insolvency Statistics from Accountant in Bankruptcy. Overall, corporate insolvency numbers in Scotland for the whole of 2019 were 4% higher than in 2018, and were at their highest

Ted Baker has reported that the value of inventory held on the group's balance sheet at 26th January 2019 was overstated by £58 million, a number more than double the value of the £20-25m it initially suggested. In December, the retailer announced an accountancy issue where the company m

Lloyds Banking Group has pledged to reduce the carbon emissions it finances by over 50% by 2030 to help finance a green future. This is the estimated equivalent of removing the emissions produced by almost a quarter of UK homes.

The amount given in loans to Scottish students has more than doubled in the last decade to reach mover £500 million, according to Audit Scotland.

A new website which makes it easier for businesses to get information and support is one of the measures in the Scottish Government's refreshed Economic Action Plan for Scotland.

Former HBOS banker Damian Thompson has been appointed as Aldermore bank’s new group managing director of retail finance. Mr Thompson currently holds the role of director of mortgage and will succeed Susan Hayes, subject to regulatory approval.

The Competition and Markets Authority (CMA) has reported on the progress made in tackling the loyalty penalty in which companies penalise longstanding customers by charging them higher prices than new customers. The loyalty penalty can also be when found when companies penalise those who renegotiate

Reporting on workforce-related issues needs to improve to meet investor needs and reflect modern-day workforces, according to a new report from the Financial Reporting Council’s (FRC) Financial Reporting Lab. Workforce-related matters such as working conditions, changing contractual arrangemen

Hanya Partners has appointed financial services expert Philip White as its new consulting director.  Hanya Partners is a management consultancy specialising in IT, supplier management and organisation development with offices in Edinburgh and London.

Projects for disadvantaged young people will share £19 million seized from criminals through the Cashback for Communities programme run by the Scottish Government. The CashBack for Communities scheme reinvests criminal assets into community projects which support young people into positive des

A rare coin featuring Edward VIII has been sold for £1 million, setting a new record for the sale of a British coin.

HSBC has appointed former Standard Life boss David Nish as senior independent director and chairman of the group audit committee. Mr Nish will also become a member of the group risk committee with effect from 18th February this year.

People development organisation Remarkable has appointed six new non-executive board members to steer its strategic decision making and support the effective operation of the business. Charles Quinn chair, Bonnie Clarke CEO, David Hicks, Gillian Frame, Simon Lidington and Russell Dalgliesh

Stuart Robb and Michelle Elliot, the joint administrators from Leonard Curtis Business Rescue and Recovery, have announced that Leven Cars Group Limited has been bought by Grange Motors Ltd and Vertu Motors PLC. Grange Motors (Brentwood) Limited has acquired the Rolls Royce and Aston Martin business