News

The a new study has revealed that two fifths of Scottish fintech firms foresee potential failure by the end of 2023, fuelled by inflation and interest rate challenges. The research by FRP Advisory shows that unease is most significant within the financial technology hubs of Edinburgh and Glasgow, wh

HM Revenue & Customs (HMRC) has disclosed that nearly 25% of the funds provided through a multi-billion-pound tax relief scheme, aimed at spurring research and development (R&D) in small to mid-sized companies, was lost to error and fraud between 2020 and 2021. This figure, marking one of th

ZLX Business Solutions, a research and development (R&D) tax credit specialist, and independent financial advisor, Ascot Lloyd, have agreed to deliver complementary services to offer financial peace of mind to businesses operating across the UK. The partnership will result in greater depth of pr

The annual report of the HMRC Charter, released today, has revealed that poor service levels are hampering HMRC's ability to achieve its Charter standards, according to the Chartered Institute of Taxation (CIOT) and the Institute of Chartered Accountants of Scotland (ICAS). Both institutions are mem

Joint liquidators from FRP Advisory have been appointed to Midnight Sun Festivals Limited, the promoter of the festival of the same name. The festival was slated to take place in Stornoway from 25 to 27 May, but was cancelled due to a slew of unforeseen operational and logistical challenges. The fir

Scottish Dental Care has appointed Donna McBurnie as its new finance director. Ms McBurnie, with over two decades of experience in financial roles across various sectors, including drinks retail, hospitality, and banking, brings a wealth of expertise in financial analysis, budgeting, and risk manage

An Apple iPhone from 2007 has sold for $190,000 at auction. The first edition unopened 4GB model was sold by LCG Auctions in the US, attracting 27 bids and selling at nearly 400 times its original price.

Chris Tate, a restructuring and recovery expert at Azets, has said that new financial pressures are continuing to drive business failures across the UK, with the hospitality sector most vulnerable to stubbornly high inflation – causing a "perfect storm to brew". The warning comes as new monthl

Finance provider Bibby Financial Services (BFS) has appointed Gayle Robertson as business development manager as it continues to drive new business volumes throughout Scotland. With almost two decades of experience in banking and commercial finance, Gayle Robertson joins from Lloyds Banking Group wh

A former lawyer who embezzled £120,000 from a pensioner suffering from dementia and living in a nursing home has been jailed for two years.

The Royal Bank of Scotland is inviting ambitious entrepreneurs and business owners to apply for a place on its Entrepreneur Accelerator Hub. The bank is currently accepting applications to its fully funded support programme for Scottish businesses looking to scale and succeed.

Emblation, the Alloa-based health-tech innovator is undertaking a rigorous clinical trial which could transform the fortunes of its microwave treatments in the US. Emblation’s Swift® device is already being used by more than 1000 clinicians across the States, but the new trials should see

An aircraft pilot who posed as a lawyer because he wanted a career change has been fined more than £2,300. During a short-lived fake legal career, Nathaniel Whitehall appeared in court, signed documents describing himself as a solicitor and prepared wills for clients.

The Cyber and Fraud Centre – Scotland has added six new partners to its Incident Response network, including two law firms, as it issues a warning to organisations to have plans in place for cyberattacks. Anderson Strathern and Burness Paull join the specialised Incident Response Cadre, along

Potential changes to the council tax system that could see those in the highest value properties asked to pay more if they can afford to have been published. A joint consultation with COSLA is seeking views on plans to increase the amount paid by people in bands E, F, G and H. This aims to address c