News

Scotland recorded 109 company insolvencies during the month of April, a 4% year-on-year decrease, according to The Insolvency Service. These included 48 compulsory liquidations, 59 creditors' voluntary liquidations (CVLs), and 2 administrations. This puts the overall insolvency rate in Scotland for

Scottish exporters of perishable goods are set to benefit from a £750,000 investment into reefer point infrastructure at the Port of Greenock, which marks a significant upgrade to the country’s refrigerated cargo capabilities. The increase in reefer points, from 32 to 220, solidifies the

A new campaign by Scotland’s national and international economic development agency Scottish Enterprise aims to alert businesses – particularly SMEs – to potential supply chain opportunities in the energy transition sector.

Scotland welcomed a record number of international visitors in 2023, with nearly four million overseas tourists marking a 15% increase from 2019, according to new figures.

First Minister John Swinney has outlined his economic ambitions for Scotland during a speech at the Barclays Campus in Glasgow’s financial district. Mr Swinney said poor decision-making at UK level, typified by Brexit and immigration policy, means the Scottish Government must work even harder

Despite having lost an approximate £1.77 billion in net worth, Anders Holch Povlsen has kept his position as Scotland's richest person, according to the latest Sunday Times Rich List. This year's edition, a 76-page special in The Sunday Times Magazine, recorded Mr Povlsen's weal

Kellwood Engineering, a Dumfries-based precision machining and fabrication company trading for almost 40 years, has had to close its doors with the loss of 27 employees. The director of the company, James Maitland, has appointed Donald McKinnon of Wylie & Bisset, Accountants and Business Advisor

One of Scotland’s audit professionals hopes to inspire colleagues to prioritise their wellbeing after having experienced the mental health benefits of training for a half-marathon. Leading a team of 240, Graham Marjoribanks, partner and head of audit at Johnston Carmichael, spoke abo

Fife-based multi-disciplined contractor T&N Gilmartin (Contractors) Ltd has transferred its entire shareholding to an Employee Ownership Trust (EOT), making its workforce of approximately 90 staff part owners of the business There are now nearly 200 EOTs trading in Scotland – a marked incr

Wood Group, the Aberdeen-based oil and mining sector services company, has rebuffed a second takeover offer from its Dubai-based competitor Sidara.

A police department is being sued after making jail inmates pay for ice cream, candyfloss and laser tag for staff and their families. Black Hawk County Sheriff's Department in Waterloo, Iowa is among US police departments which controversially bill arrestees for the cost of their stay in jail.

A Coatbridge textile maker has turned a lockdown hobby he picked up from watching TikTok videos into a successful business and full-time career, as his custom tattoo-art rugs prove a big hit with customers in the United States.

AGS Airports Ltd – owner and operator of Aberdeen, Glasgow and Southampton airports – has appointed Ronald Leitch Chief Operating Officer. Mr Leitch brings extensive experience in the aviation industry, having held senior leadership roles at both Aberdeen and Glasgow Airports. He recentl

Several accountancy and financial services firms, including Big Four firms Deloitte and KPMG, have rescinded job offers to international students following the UK government's decision to raise the minimum salary thresholds for skilled worker visas. They are not the first and will not be the last, a

Scottish housing charity Lar Housing Trust has received commendation from a major City figure for its work in repurposing derelict buildings into affordable homes. Bank of Scotland-owner Lloyds Banking Group's chief executive, Charlie Nunn, recently visited Lar's latest project in Glasgow, which is