News

Edinburgh-based asset manager SVM has recorded a third successive year of losses of over £1 million. SVM, the 25 year-old firm that is 98 per cent owned by Colin McLean and his partner Margaret Lawson, reported that loses for the last 12 months were similar to the pre-tax loss of £1.46m loss regis

The former Stirlingshire home of VAT fraudster Michael Voudouri has been sold by authorities after being confiscated by the Crown Office’s Civil Recovery Unit. Voudouri, 47, fled the luxury house in Bridge of Allan, Stirlingshire, in 2012 in his attempt to evade the law after being convicted of ru

Record breaking summer visitor figures have been reported by Scotland’s largest operator of visitor attractions. Historic Scotland said that over the three month period – from June to August – 1,826,047 visitors were welcomed to heritage attractions throughout the country; an increase of more

Independent Scottish law firm bto solicitors has announced a landmark judgement of the Inner House of the Court of Session which has significant implications for all companies. The case clarifies provisions of the Companies Act 2006 concerning company property following restoration of a company to t

Despite post-referendum political upheaval and taxation changes, overall Scotland remains an attractive place to invest in real estate, according to a new Savills report published this week. The estate agent said that Scottish property has continued to attract buyers across key sectors of residentia

Angus Lamont, HHP’s chief executive, and Dena Macleod, HHP’s director of resources, sign the new agreement Hebridean Housing Partnership (HHP) has approved plans to increase its funding facility with Royal Bank of Scotland from £10 million to £15m.

Nick Pollard, KHA finance director, and Marc Bates from THIS Housing signing the new contract. Kingdom Housing Association Limited (KHA) and Kingdom Initiatives Limited (KIL), the wholly owned trading subsidiary of the Registered Social Landlord, have awarded a new general insurance contract to THIS

Alliance Trust has announced that Chris Samuel and Karl Sternberg have been appointed non-executive directors at the Dundee-based wealth manager. The pair will join the firm's board with immediate effect, with both appointments made following consultation with the firm’s largest shareholders, some

Helen Jones The Brightwork Group, the fast-growing Scottish recruitment specialist, has appointed Helen Jones as its new financial controller.

David Ferguson Edinburgh-based financial “wrap” provider, Nucleus, has this week posted its best-ever first-half results, with operating profit swelling by 140 per cent year-on-year to reach £2.4 million.

Dr Ross Brown A team of Scottish academics have revealed that increasing numbers of new firms are turning their backs on traditional methods of financing like banks and business angels in favour of internet crowdfunding.

Scottish manufacturers are overwhelmingly in favour of the UK remaining a member of the European Union ahead of next year’s referendum on the issue, according to a Scots accountancy firm. Only 4 per cent of Scottish respondents to the latest annual manufacturing and engineering survey conducted by

Aberdeen Asset Management has been granted a business licence which will make it easier to operate in China. The licence – issued to a newly-created Aberdeen subsidiary by the State Administration of Industry & Commerce in Shanghai – will enable the company to set up an office in China under

Rents adjusted for inflation have fallen in the majority of Scottish towns and cities since the onset of the credit crunch in 2008, according to new figures from lettings portal Citylets. Of all towns analysed, only the Fife town of Kirkcaldy saw rents for 1 and 2 beds almost keep up with inflation,

British SMEs are owed £67.4 billion in unpaid invoices with manufacturing and construction among the sectors owed the most, according to new figures.