News

A Freedom of Information request to the British Business Bank by Purbeck Personal Guarantee Insurance, has revealed that one in ten firms who borrowed money under the Bounce Back Loan Scheme (BBLS) are in arrears by over ninety days, with £29.357 owed in total.

ScotlandIS is launching a Cyber Showcase to connect the Scottish cyber industry to prospective investors from across the UK. The event follows the latest ScotlandIS cluster audit, which reveals that the number of cyber companies operating in Scotland has grown more than 25% in recent months.

Paisley-based specialist child and youth care charity Kibble, has received £34,586 of funding from Nationwide to support and prepare those in, or working towards, independent living. The Nationwide Community Grants funded programme is helping prepare young people for independent living, and su

Seven new business units are to be developed at Eabhal Business Park in Balivanich, Benbecula, in the Outer Hebrides.

Little Potters, a family-run pottery painting studio based in Boddam, has successfully enhanced its offering and increased its customer base after recieving support, advice, and signposting to funding worth £10,000 from Business Gateway. The company offers a range of pottery that caters for al

Discerning thieves who allegedly stole 45 bottles of wine worth €1.6 million from a high-class restaurant have been arrested after a nine-month hunt. The couple, who have not been named, were apprehended in Croatia in connection with the lucrative heist from Spanish hotel and restaurant Atrio,

The Financial Reporting Council (FRC) has today published its annual inspection and supervision results of the largest audit firms (BDO, Deloitte, EY, Grant Thornton, KPMG, Mazars and PwC). Overall, 75% of audits inspected were good or required limited improvement (compared to 71% in 2021 and 67% in

FRP Advisory partners Callum Carmichael and Chad Griffin have been appointed joint provisional liquidators of Dalkeith-based Terry Healy Group, an all-trades building and home improvements business. The provisional liquidation has been caused by unsustainable cash flow problems stemming fr

Clydesdale Bank owner Virgin Money has informed the majority of its staff that they will receive a one-off payment of £1000 in their August pay to help ease their financial pressures in light of the rising cost of living.

Tech giant Apple is facing a lawsuit in the US over allegations that its monopoly on contactless payments made using iPhones constitutes anti-competitive conduct. iPhone users can only make contactless payments through Apple Pay, while users of Android-powered smartphones can choose between competin

Shona Campbell of Henderson Loggie has been appointed as liquidator of Edinburgh-based video tech firm Ajenta. The move to liquidate Ajenta is a result of the severe impact Covid restrictions had on its ability to supply hardware to customers. Despite experiencing its strongest ever trading in recen

Deloitte has warned of high expectations of a recession occurring within the next year as surveyed industry leaders brace for economic downturn. Amid rising inflation and intensifying economic headwinds, finance leaders assign a 63% probability to experiencing a recession within the next year, accor

Aberdeen-based advice firm Burnett & Reid Wealth Management has been acquired by Clifton Asset Management. After receiving significant first round funding from independent asset manager, BOOST&CO, Clifton Asset Management plc has completed the acquisition of Aberdeen based, Burnett &

UK inflation reached a new record high in June, as the Consumer Prices Index (CPI), measured by the Office for National Statistics (ONS) hit 9.4%.

The nationwide independent financial advice and fund management firm One Four Nine has completed its fourth acquisition with the purchase of Glasgow-based APC Financial Solutions & Consultancy Services. The move expands the Group’s footprint into Scotland, increasing the firm's Assets Unde