News

Company insolvencies in Scotland fell by 4% in June 2024 compared to the previous year, totalling 109. This was comprised of 60 CVLs, 43 compulsory liquidations and six administrations. There were no CVAs and no receivership appointments.

Blackadders LLP has been ranked in the top band for Private Wealth Law in the Dundee area in the prestigious Chamber High Net Worth Guide. As well as appearing in band 1, Laura McDowall, head of the private client team, has achieved an individual band 1 ranking for the Dundee area.

House purchases faced delays due to a technical glitch in the Bank of England's crucial CHAPS payment system.

Grant Thornton's US arm, following a majority stake sale to private equity, is exploring a potential takeover of its UK and Irish affiliates. This would be a landmark deal in the accounting sector, creating a transatlantic powerhouse.

The Financial Conduct Authority (FCA) has told financial firms – including banks, payment firms and lenders – to do more to ensure parliamentarians, senior public servants and their families are not treated unfairly.

OpenAI CEO Sam Altman's $27 million (c. £21m) San Francisco mansion is reportedly riddled with problems, according to a lawsuit filed by Altman's legal team. The luxury abode located in San Francisco's Russian Hill neighbourhood, was said to once be the most expensive listing in San Francisco,

PwC made 234 promotions across Scotland, including two new equity partners and seven director appointments. The latest round of promotions – which extends to team members across all lines of service in PwC’s three Scottish offices – also includes seven new directors.

The Supreme Court has held that professional advisory fees totally around £2.5 million incurred by an investment firm in connection with the sale of a loss-making business could not be deducted as expenses of management under section 1219 of the Corporation Tax Act 2009. Centrica Overseas Hold

Largo Leisure Parks has formally launched an £800,000 development, expanding its Sauchope Links holiday park, with a traditional ribbon-cutting ceremony. The project, at the coastal park near Crail, is part of an overall investment programme by private equity firm Limerston Capital,

Frasers Group, led by Mike Ashley, saw its shares surge by nearly 10% after posting annual profit growth close to the top end of guidance.

Financial distress in Scottish football clubs has fallen significantly, with only three clubs (7%) in Scotland's top four leagues showing signs of trouble compared to eight a year ago, according to Begbies Traynor's March 2024 Football Distress Survey. This contrasts with a peak of 14 clubs in distr

Industry leaders have voiced their perspectives on the UK government's proposed measures aimed at addressing economic challenges and fostering growth, outlined in the King's Speech.

Joanna Peteranna has been appointed as director of area operations for Inse Gall at Highlands and Islands Enterprise (HIE)  She took up the new post on 1 July after being promoted from area manager and will retain responsibility for Outer Hebrides.

Thorntons has made 22 new promotions across its Glasgow, Edinburgh, Dundee, Perth, Inverness and St Andrews operations following a year of strong growth.

The UK government's plans for digital verification are unclear as they stand, according to a data protection expert at Thorntons LLP. The proposals form part of a new Digital Information and Smart Data Bill, introduced as part of the King’s speech. The UK government said the bill, which will a