News

New data from the Accountant in Bankruptcy (AiB) has shown an increase in both corporate and personal insolvencies. Corporate insolvencies rose to 270 for Q2 2022-23 up from 221 for the same period last year, a significant increase of 28%. Likewise total personal insolvencies reached 2,069, a 7.7% y

A Scottish equipment hire company, Your Equipment Solutions (Y.E.S), has made the move to employee ownership after handing control of the business over to its team. The firm's 29 jobs are in secure hands as the majority of the shares have been placed into an Employee Ownership Trust (EOT).

The Sustainable Aquaculture Innovation Centre (SAIC) has opened a new funding round for collaborative innovation projects, helping the sector to continue with vital research and development as cost-of-living pressures rise. More than £500,000 will be split between successful project proposals

A near 1.7 million invoices were overdue the books of Scottish businesses in the last quarter, according to new research from insolvency and restructuring trade body R3. R3’s analysis of data provided by Creditsafe shows 1,696,445 invoices were overdue in Scotland in Q3 – an increase of

Profit warnings issued by UK-listed companies have reached their highest third-quarter total since 2008, according to EY-Parthenon’s latest Profit Warnings report. In total, 86 profit warnings were issued between July and September 2022, compared to 51 in the same period of 2021, an increase o

A manuscript containing a passage from Charles Darwin’s On the Origin of Species is set to be sold at auction. The manuscript, which is expected to sell for between £530,000 and £700,000, will go on sale in November, The Guardian reports. 

The organisation behind Scotcoin – Scotland’s first and only digital currency – has struck what is thought to be the first cryptocurrency sponsorship deal in Scottish rugby. Scotcoin is now a sponsor of Glasgow Hutchesons’ Aloysians (GHA) rugby union club. The Giffnock-based

EY has welcomed 13 partners along with nearly 100 new graduates and apprentices to its Scotland practice this year as part of the firm’s continued investment in its Scottish business. Across the UK, EY strengthened its partnership with 120 new equity partners – including the promotion of

Scotland’s first dedicated horror entertainment business of its kind has successfully grown and sought out new business opportunities after working with Business Gateway. Northern Frights was founded in 2022 by Laura Ripley after she left a 14-year career in oil and gas.

Heriot-Watt University has been ranked as the best Scottish university for landing a role at a big four accountancy firm (PwC, Deloitte, EY and KPMG) according to a new analysis of LinkedIn data. As undergraduates return for their final year of university this Autumn, many will have their mind set o

In a bid to clamp down on greenwashing, the Financial Conduct Authority (FCA) is proposing a package of new measures including investment product sustainability labels and restrictions on how terms like ‘ESG’, ‘green’ or ‘sustainable’ can be used. The measures are

Global Surface Intelligence (GSI), the Edinburgh-based geospatial company, has agreed a seven-figure investment package from Alter Technology TUV Nord Group (TUVN) for a minority stake in the business. As a result TUVN will take a seat on the board and also have a board observer. Both Par Equity and

Finally, a politician you can trust: a cat has been appointed as the mayor of an Italian town and will stay in office for a year. Miao spent her first day as ‘mayor of the animals’ of Civita d’Antino, Abruzzo Region, southern Italy earlier this month.

Aspiring entrepreneurs are invited to apply to the 2023 UHI Business Competition which has £8,000 in prize money up for grabs. The competition is now open for entries from anyone over 16 living in the Highlands and Islands, Moray, Argyll and Perthshire, as well as all students studying across

Two Glasgow-based entrepreneurs have revealed plans to bring world cinema to Scotland and the wider UK, after buying the rights to two critically acclaimed international films in their first distribution deals. After securing initial seed investment, Jen Davies and Graham Fulton set up Con