News

The number of companies in Scotland filing for administration during H1 2024 has dropped by 15% compared to the corresponding period last year, according to figures from Interpath Advisory. Analysis of notices in The Gazette by Interpath shows there were 28 administrations in Scotland in the first s

The Financial Reporting Council's (FRC) Annual Review of Audit Quality revealed a disappointing performance from BDO and Forvis Mazars, whose audit results fell significantly below expectations. The results are based on a risk-based sample of the audits undertaken by 'Tier 1' audit firms, which

A fund to help businesses, charities and other organisations adopt fair work practices has opened for applications and has been launched at McAllister Litho Glasgow. Grants are available to implement changes such as the delivery of workplace training and processes that support flexible working and h

Aberdeen-headquartered Spirit Energy has appointed Nick Harrison as CFO. Mr Harrison joins the firm with more than three decades of experience working within the energy sector, having previously held positions with Repsol Sinopec, Talisman Energy and Shell.

Aberdeenshire-based engineering firm Brimmond has posted a 74% increase in turnover for 2023-24, reaching £11.4 million – surpassing its forecast of £10m. A number of high-value contract wins across multiple sectors have contributed to this exceptional financial position:

Professional services firm Hutcheon Mearns has strengthened the roll-out of its growth strategy with the appointment of Dougal Bennett as a non-executive director. Mr Bennett is a highly experienced figure in private equity, and he joins Hutcheon Mearns to support the firm’s rapid scale up, bo

The famous gold bikini worn by the late Carrie Fisher as Princess Leia in Star Wars has sold at auction for $175,000 (£136,000).

A Former Dundee pub boss has been banned by The Insolvency Service from acting as a company director for 11 years due to misuse of Covid bounceback loans (BBL). Philip Donaldson, 41, a director of Macmerry 300 Ltd, secured two £50,000 loans intended for pandemic recovery, which he then transfe

Glasgow-based foodservice wholesaler, Lomond Fine Foods, has expanded its Port Dundas headquarters by 12,000 sq ft to meet surging demand. The family-run business, which supplies deli items, seafood, and bakery treats to 2,500 customers, has doubled its storage capacity at its 36,000 sq ft Port Dund

North Sea Midstream Partners (NSMP), a player in the UK energy sector, has relocated its Aberdeen team to the prestigious Marischal Square. NSMP has moved to the Grade A building, which is the most environmentally-friendly office in Aberdeen, where it will be closer to customers and stakeholders, ce

Edinburgh-based AI fintech firm Aveni.ai has secured £11 million in Series A funding. The funding round was led by Puma Private Equity with participation from Lloyds Banking Group, Nationwide and existing investors Par Equity and Scottish Enterprise.

A six-acre island off the Devon coast complete with private beach, fortifications, planning permission for a luxury hotel, and reportedly 15 ghosts, has been put up for sale. Drake's Island, just 600 yards from Plymouth, was used as a military defence for hundreds of years – with 18th-century

Scottish accounting advisory, audit and tax firm Wbg has opened an office in Aberdeen and appointed a new corporate finance team. Tom Faichnie joins as partner, head of diligence & transactions, and Melanie Clark joins as corporate finance partner – with both based at the firm’s new

Aberdeen-based accountancy firm Hall Morrice has hired 14 new staff members. The new positions, which include nine chartered accountant trainees – the firm’s largest intake ever – three accountancy placement students from Robert Gordon University (RGU), an audit/business advis

Johnston Carmichael has appointed a new business advisory director in its Edinburgh office as it seeks to grow its rural sector practice. Annie Fleming, who completed her training at Johnston Carmichael and is Association of Chartered Certified Accountants (ACCA), Association of Tax Technicians (ATT