News

In March 2025, there were 118 company insolvencies registered in Scotland, 3% higher than the number in March 2024. The total number of company insolvencies was comprised of 55 CVLs, 57 compulsory liquidations and six administrations. There were no CVAs or receivership appointments.

Annual statistics for the financial year 2024-2025 show a slight increase in corporate insolvencies in Scotland, contrasted by a notable decrease in personal insolvencies. There were 1,175 corporate insolvencies recorded, representing a marginal 0.6% rise from the previous year (1,168) and a 3.8% in

The former premises of a seafood firm in Buckie, which closed in 2022, has been brought back to life as a state-of-the-art shellfish processing facility. Over the next three years, the project is expected to generate nearly £1 million in turnover and create 12 new jobs.

Aberdeen, the global asset manager, reveals President Trump’s current term is the only first 100 days where the S&P 500, Dow Jones and FTSE World have all fallen. Aberdeen looked back to 1993, when Bill Clinton won the election with his now famous “It’s the economy, stupid!&rdq

Strathclyde Partnership for Transport (SPT) has enlisted the services of Mott MacDonald to help make the case for investment for Clyde Metro.

Property consultancy Galbraith has made 22 staff promotions across its 13 offices in Scotland and the north of England. The promotions include a new role as head of people and culture as well as two people moving up to become directors, three to senior associate, and two to associate. 

Jen McCormick has been appointed as a partner at Ashurst. One of 20 new partners, Ms McCormick, who is based in Glasgow, is the regional head of the firm's advance solutions practice for EMEA and the US. She is a finance lawyer by background with experience in banking, restructuring and insolvency.

SME property lending specialist Assetz Capital has provided a £1.94 million funding package for a new industrial estate in the Cairngorms. The funding will facilitate the creation of high-quality light industrial units that address a growing demand in one of Scotland’s most popular touri

Financial distress among Scottish businesses rose significantly in the first quarter of 2025 compared to the previous year, though figures showed a slight improvement from the end of 2024, according Begbies Traynor. The Red Flag Alert data for Q1 2025, which provides a quarterly snapshot of the UK's

A man who paid £20,000 for a replacement car discovered he had inadvertently repurchased his own stolen vehicle. Ewan Valentine, 36, from Solihull, had his black Honda Civic Type-R stolen from his drive in February.

Inheritance Tax (IHT) receipts reached a record £8.2 billion in the 2024-25 tax year, up from £7.5bn previously, HMRC has revealed.

Former senior executives from EY and PwC are launching a new UK advisory firm, Unity Advisory, backed by up to $300 million (c. £225m) from private equity group Warburg Pincus.

The Cumberland Building Society has announced that chief executive officer Des Moore will step aside from his role in summer 2026, after eight successful years with the organisation. Mr Moore was appointed in 2018 when The Cumberland was in need of a new strategic direction. With a strong appetite f

Professional services advisory firm Hutcheon Mearns targets £10 million in revenue for 2025 as it celebrates its 10th anniversary this month. The firm was established in Aberdeen in April 2015 with a handful of staff and an initial focus on finance recruitment and consultancy services.

Armstrong Watson has promoted Hannah Laidlaw-Keggans CA to senior manager within its Dumfries tax team, recognising the significant contribution she makes to the team and clients she works with.