News

August 2024 saw 102 company insolvencies registered in Scotland, 9% lower than the number in August 2023. The total number of company insolvencies was comprised of 56 CVLs, 42 compulsory liquidations, two administrations and two receivership appointments. There were no CVAs.

WTW has appointed Rachel Haggarty as a director in its Scotland Retirement team. Ms Haggarty, who joins from Hymans Robertson, specialises in advising companies on their defined contribution pension schemes, from scheme design and member experience, through to master trust selection and governance.

Forth Ports has announced two senior management changes, with the appointment of Paul Dale as chief operating officer and departure of chief financial officer Carole Cran. Mr Dale – who is currently asset and site director for the Port of Tilbury – joined Forth Ports in 1989 as a 19

The University of Dundee has been recognised as the Innovative & Entrepreneurial University of the Year in Europe by the Triple E Awards. The Triple E Awards are a global recognition of efforts towards the quest for entrepreneurship and engagement in higher education. The awards aim to foster ch

A property finance expert has identified small and medium housebuilders as “crucial” to addressing Scotland’s dire housing crisis. Stuart Heslop, of lender Together, which provides corporate, commercial and residential property finance, this week signalled the finance company&rsquo

The Smart Things Accelerator Centre (STAC) has launched ‘thebeyond’ campus at Skypark in Glasgow, featuring cutting-edge product development labs and a 250-desk co-working space, which CEO and co-founder Paul Wilson says will be Europe’s largest “smart things” hub. The

The Scottish Inward Investment Catalyst Fund (IICF) has awarded nearly £60k to six R&D projects, including two alternative protein ventures and an educational digital children’s game about business. The fund was set up by Interface and Scottish Government to attract companies from ou

Daniel Smith and Julian Heathcote of Teneo Financial Advisory Limited have been appointed joint administrators of Hostmore, which is the UK operator of TGI Friday's, after talks fell through to buy its US parent company.

The UK government has unveiled new measures to support small businesses and the self-employed by tackling the scourge of late payments, which is costing small businesses £22,000 a year on average and leads to 50,000 business closures a year.

Specialist lender Bridging Finance Solutions (BFS) has appointed Jon Durie as business development manager to lead its team in Scotland. Working closely with property lawyers Aberdeen Considine, BFS has recorded strong uptake of its bridging loans across Scotland, leading to the introduction of deve

The Bank of England's (BoE) Monetary Policy Committee (MPC) has voted to keep the base interest rate at 5%, confirming expectations and putting off further anticipated cuts. The MPC's decision comes after the UK's CPI inflation remained at 2.2% in August. It voted by a majority of 8–

Broker Insights, a data and distribution platform for the commercial insurance sector, is on track to hit £6 billion in Gross Written Premium (GWP) on its Vision platform by the end of the year. In its sixth year of business, the Dundee-headquartered company has already recorded £5.5bn o

Scotland's colleges face mounting financial pressure, with a 17% real-terms funding cut since 2021/22 and a further £32.7 million reduction this fiscal year, Audit Scotland has revealed. The public auditing body's report shows cash balances held by colleges are also forecast to fall. Under the

An unruly passenger whose behaviour forced his plane to divert has been ordered to repay the airline for the additional fuel costs. In an unusual move, a court in Perth, Australia ruled that the 33-year-old man should pay $8,630 AUD (c. £4,400) to the airline to cover fuel costs in addition to

Robertson Construction Northern has begun work on a £3.5 million warehouse for Gordon & MacPhail at its Benromach distillery in Forres. The new warehouse follows the construction of two other warehouses in 2019 for the family-owned firm which has been bottling single malt whiskies since 18