New figures published by Purbeck Personal Guarantee Insurance have revealed a 123% year on year increase in business loans secured with personal guarantee attached in the UK. The firm said that while working capital remains the prime reason for new funding with 28% of loans secured for this reason.
News
Terra Firma Chambers has announced the first of their Autumn series of webinars: 'Start the Week'. The series will launch with Terra Firma’s chairman, Michael Howlin KC, presenting a talk entitled ‘Rescuing Insolvent Companies: the Basic Toolkit’.
Savills has sold a prominent Glasgow city centre hotel on behalf of Azets acting as joint administrators of Bracknell Property LLP to the Address Collective from a guide price of £4.5 million. The former Pocotel is prominently positioned on a corner site at 139-141 West George Street and compr
Grampian Housing Association has secured a £96 million loan facility from the Royal Bank of Scotland (RBS) to assist in addressing the continued demand for good quality sustainable homes in the North East. The funding will allow the Aberdeen-based housing association to continue to sustainably
A medal awarded to a dog who completed 20 parachute descents in World War Two has been sold at auction for £140,000. The medal is amongst other war memorabilia included in the lot which also featured photos, books and a collar.
Landmark Information Group’s latest market data report shows a continuing stabilisation of the residential property market with demand and supply equalising into August and completions on the rise. The newly-released Q3 Property Trends Report Scotland showed that whilst demand variance against
Gilson Gray has hosted its annual Grace Charity Gala, raising £121,000, proceeds of which will go to Edinburgh and Glasgow Children’s Hospital Charities.
The Scottish housing market outlook remains challenging amid a September fall in market activity, according to the latest RICS UK Residential Market Survey. A concern highlighted by respondents is on the impact of new Scottish Government initiatives will have on the supply of rental properties, pote
PwC has expanded its Scale programme, in support of growing tech companies, with the launch of its first Stablecoin cohort. It features four high-quality Stablecoins delivering transformative use cases for the payments ecosystem.
The bid is expected to be announced later this month. Some of Scotland’s most prominent business leaders have united behind the Clyde Green Freeport bid and have urged both the Prime Minister and First Minister to back the deal later this month.
The need for flexible, energy-efficient office space is set to drive the market across the central belt of Scotland into 2023, according to new data from commercial property specialist JLL. During Q3 of 2022, Edinburgh saw occupier activity remain robust with 166,000 sq ft leased, a 16% rise compare
The banking and finance industry prevented a further £583.9m of unauthorised fraud from getting into the hands of criminals. UK Finance has called for all action from all sectors as despite a fall in overall fraud losses, some fraud types have increased in the UK.
Scotland’s Internet of Things (IoT) accelerator, Smart Things Accelerator Centre, has marked its first anniversary by making a string of senior appointments to its team. Former Scottish Enterprise managing director and interim CEO Linda Hanna is now in place as STAC’s head of partnership
EODEX, which specialises in the safe and environmentally friendly removal and disposal of unexploded ordnance (UXO) around the world, has expanded its operations at Aberdeen Energy and Innovation Parks in the Bridge of Don, having agreed a new two-year lease with Moorfield Group, the Parks’ ow
New figures released by the Office for National Statistics (ONS) have estimated that GDP has fallen by 0.3% in August 2022, after growth of 0.1% in July 2022 (revised down from a growth of 0.2%). The ONS said: "monthly GDP is now estimated to be at the same level as its pre-coronavirus levels (Febru