News

Blair Nimmo and Alistair McAlinden from Interpath Advisory were appointed joint administrators to Armadilla Limited on 20 December 2022. Founded in 2010 and based in Bonnyrigg, near Edinburgh, the company deals in the design, manufacture and delivery of sustainable luxury modular accommodation, to c

Global real estate advisor CBRE is to relocate its Aberdeen team to a new prime office in prestigious Marischal Square creating a new hub for the firm in the North-east of Scotland. CBRE has secured a suite on level two in 1MSq on a new 10-year lease and is expected to relocate its 15 staff from cur

A series of recommendations have been published to further develop regional economies and help deliver Scotland’s economic transformation. The Regional Economic Policy Review, carried out by an expert advisory group, proposes further supporting the eight Regional Economic Partnerships (REPs) w

Empteezy Group, a Livingston-headquartered designer, manufacturer and distributor of industrial safety products and solutions, has been acquired in a management buy-out. The management buy-out has been led by Empteezy CEO David Byrne and CFO Jon Hazlewood. The team will be further bolstered by the i

Today the Bank of England unveiled the design of the King Charles III banknotes. The portrait of The King will appear on existing designs of all four polymer banknotes (£5, £10, £20 and £50), with no other changes to the existing designs.

Anderson Strathern has reported its most successful year ever for investment deals. The corporate investment team, led by Euan Tripp, advises some of Scotland’s most active investors – spanning private equity funds, institutional investors, angel syndicates, family offices and high net w

Isle of Harris Distillers has secured a £10 million funding package from HSBC UK as it sets its sights on further international expansion.

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have fined TSB Bank (TSB) a total of £48,650,000 for operational risk management and governance failures, including management of outsourcing risks, relating to the bank’s IT upgrade programme. Technical

Lloyds Bank has appointed Jamie Kemp to the role of invoice finance area director for Scotland and the North East, as it strengthens its support for businesses across the region. Mr Kemp has over 11 years of experience in the finance sector, with experiencing spanning across retail, private and comm

Tax revenues in the UK soared by £85.1 billion over the last financial year, according to new figures published by the Organisation for Economic Co-operation and Development (OECD).

Socio-economic background has the strongest effect on an individual’s accountancy career progression, compared to any other diversity characteristic, according to new research published by KPMG UK.

The luxury Gleneagles Hotel in Auchterarder has rebounded after two years of multi-million-pound losses posting a £50 million rise in sales.

With reports of all organisations facing an increasingly sophisticated range of cybersecurity threats, Wylie & Bisset, Accountants and Business Advisers, has advised SMEs that well-trained staff are the first line of defence against cyber-attacks. Kevin McDermott, senior IT auditor at Wylie &

The Artisanal Spirits Company, curators of single-cask and limited-edition whisky, and owner of The Scotch Malt Whisky Society (SMWS), has extended its agreement with RBS to increase its existing revolving credit facility to £21.5 million (previously £18.5m).

The freeze to UK alcohol duty rates has been extended by six months to 1 August 2023, the UK Government announced yesterday.