News

Scottish businesses are buckling under the pressure of increased costs, with a huge jump in the number of businesses experiencing "critical" financial distress, according to Begbies Traynor. The independent business rescue and recovery specialist said its Red Flag Alert data for the last quarter of

Finance experts are among a range of individuals appointed to the board of directors leading the delivery of the Glasgow 2026 Commonwealth Games. Former Glasgow City Council chief executive George Black CBE was appointed as chair in October 2024 and has now established a board with members from a di

The Institute of Chartered Accountants of Scotland (ICAS) has urged the UK government not to view audit and corporate governance reform as the "enemy of economic growth". UK ministers are reportedly considering shelving the Audit Reform and Corporate Governance Bill promised in the King's Speech las

MHA partner Michael Reid has been ordered to pay a regulatory penalty of £11,500 following a number of failings. The penalty was imposed by the ICAS Authorisation Committee in December 2024 but was not made public until this morning, when a summary of the complaint was published by the Insolve

Over 120 items of musical equipment belonging to rock musician Jeff Beck have been sold at auction for £8.7 million.

Independent Scottish distiller Eden Mill has installed the wash and spirit stills at its new distillery in St Andrews, as the brand gets ready to start production on the Eden Campus. 

Apex Hotels Limited, the family-owned hotel group, has hailed another year of strong trading performance as the firm posted a profit before tax of £28.4 million.  The group’s annual accounts for the 12 months ending 30 April 2024, show continuing growth in revenues (£79.4m), u

KPMG UK has appointed Natalie Macfadyen to lead the firm’s Aberdeen office. Ms Macfadyen, an R&D tax specialist, will oversee a team of 100 people at KPMG’s 1 Marischal Square premises in Aberdeen.

Scotland’s largest agricultural products hub (agri-hub) at the Port of Rosyth has made a further major investment in specialist haulage equipment to support the large tonnage of bulk cargos the port handles each year.

HMRC collected a record £6.3 billion in inheritance tax over the nine months to the end of December 2024, according to new figures. Inheritance tax receipts reached £6.3bn from 5 April to 31 December 2024, marking an 11%increase on the £5.7bn received in the same period in 2023.

A Moray bakery firm is investing in infrastructure and equipment in a move that will improve productivity, increase turnover, cut carbon and create jobs. 

Highland Park has released its oldest and rarest single malt Scotch Whisky, Highland Park 56, created from a never-before-tasted cask from the same line that has produced some of the distillery’s oldest, rarest and most exceptional whiskies. 

2i Testing, the Edinburgh-based software testing partner has acquired nFocus, the longest-established UK-owned testing consultancy.  This acquisition follows 2i’s recent investment from Rockpool and aligns with the company’s ambitious growth strategy to accelerate market presence, d

Henderson Loggie has facilitated the sale of the former site of Charles Henshaw & Sons Limited to Mandale Group. Henderson Loggie's head of business recovery & insolvency Shona Campbell, who oversaw the sale, was appointed administrator of Charles Henshaw & Sons in July last year.

MPs have accused HM Revenue & Customs (HMRC) of deliberately degrading its phone services to force taxpayers online. The Public Accounts Committee (PAC) found that average call waiting times had soared to over 23 minutes, nearly doubling in two years.