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Latest figures from the Insolvency Service show the agency banned more than 1,000 directors in 2024-25, of which 736 were for Covid loan abuse. The Insolvency Service enforcement outcomes report for 2024-25 was published on 14 April 2025.

Johnston Carmichael has named Bryan Shepka as its new head of financial services, succeeding Ewen Fleming who led the sector for six years. Mr Shepka joined Johnston Carmichael in 2023 as audit partner, bringing extensive experience in the wealth and asset management sector, having worked for 14 yea

Artificial intelligence (AI) offers a significant opportunity for Chartered Accountants to deliver greater value and develop fulfilling careers, but realising its potential requires dedicated upskilling and proactive leadership, according to a landmark report by Chartered Accountants Worldwide (CAW)

Forvis Mazars has reported its fifteenth consecutive year of growth in the UK, recording revenue of £362.4 million – an increase of 8.3% – for the year ending 31 August 2024. This growth continued unabated following the firm's global network formation on 1 June 2024. Across the UK,

Scotland-founded AAB Group's financial planning division, AAB Wealth, has acquired prominent London-based firm Magus Wealth as part of its ongoing strategic growth. This marks AAB's first wealth acquisition in the capital, significantly expanding its footprint in London and the South-east.

A Scottish boarding school has become the first in the UK to accept bitcoin as a form of school fee payment.

Scottish retail footfall saw a significant decline in March, primarily attributed to Easter falling in April this year compared to March in 2024.

Azets has reinforced its dedication to sustainability, placing environmental, social, and governance (ESG) principles at the core of its long-term strategy, even as other firms scale back similar initiatives. Chris Horne, group CEO at Azets, said: "This is no time to slow down. sustainability is not

Heriot-Watt University has secured renewed backing, worth £1.25 million, from investment firm Baillie Gifford to significantly enhance programmes based at Panmure House – the final remaining home of economist Adam Smith. The 'Baillie Gifford Panmure House Partnership II Gift' aims to rev

Administrators overseeing the sale of a historic 24-room Scottish boutique hotel have appointed specialist hotel agent Colliers to market the business and property in Inveraray for offers over £2.85m.

The number of Scottish companies entering administration remained relatively stable in the first quarter of 2025, according to analysis by Interpath. Data from Companies House showed 14 administrations between January and March, broadly consistent with the 12 cases in Q1 2024 and 15 in Q4 2024. UK-w

Joint administrators at BDO have named former chairman Alan Savage as the preferred bidder for Inverness Caledonian Thistle FC. The joint administrators have advised that the issues previously reported surrounding the writing off of loans by loan creditors and the uncertainties stemming from the pro

Scottish hotel group Crerar Hotels has successfully secured a refinancing package of approximately £40 million from HSBC UK. The funding supports ten properties within the group's portfolio, comprising nine hotels across Scotland and one in the Lake District, including notable venues such as F

Edinburgh-headquartered Exception, a digital transformation company, has completed a management buyout (MBO), marking a significant milestone in the company’s journey. Led by its dedicated leadership team, the buyout positions Exception for continued growth, innovation, and independence as it

The UK economy showed unexpected strength in February, with GDP expanding by 0.5% – significantly outpacing economists' forecasts of 0.1% growth.