News

Details have been published of how the £12.5 billion in Scottish Government funding for 2022/23 will be distributed to local authorities. The settlement represents a total cash increase of £917.9 million or 7.9%, which is the equivalent of a real terms rise of 5.1% to support vital local

A significant new funding package from Royal Bank of Scotland has helped to enable Scottish building firm the Donaldson Group to acquire timber frame manufacturer, Stewart Milne Timber Systems (SMTS). The Donaldson Group is a family of eleven businesses specialising in the processing, manufacturing,

The joint administrators of Bellhill Limited, Blair Nimmo and Alistair McAlinden of Interpath Advisory, have completed a sale of the Lorne Hotel to PL Glasgow Limited. The 102-bed three-star hotel is located in a prime location on Sauchiehall Street, between Glasgow’s city centre and the popul

Lettings and estate agency Lomond Group has become the largest lettings and estate agent in Scotland after acquiring DJ Alexander. The move, which was supported by Lomond Group’s private equity partner LDC, brings Lomond Group’s portfolio of managed properties to 9,500 in Scotland, and s

Dundee-based commercial insurance technology start-up Broker Insights has raised more than £6 million in a Series A funding round led by Mercia Asset Management. Chroma Ventures, which first backed Broker Insights with seed funding in 2018, made a follow-on investment in this round, along

A £2 million project to transform a major tourist attraction in Lochaber has secured up to £500,000 of funding from Highlands and Islands Enterprise (HIE). Funds will go towards the construction of a new base station at Glencoe ski centre which will see the demolition of the current fire

The average house price in Scotland has increased by 11.4% over last 12 months, according to the Octoebr House Price Index for Walker Fraser Steele.

The confidence and resilience of Scottish businesses that held up well during the roller-coaster journey through 2021 is facing another dip over the impact of Covid this winter, according to Grant Thornton's Business Outlook Tracker.

Glasgow-based chartered accountant Wylie & Bisset’s internal audit department has secured an outcome of ‘full compliance’ following a recent External Quality Assessment from The Chartered Institute of Internal Auditors. With the Institute indicating that approximately a quarter

Big Four accountancy firm KPMG has pulled out of bidding for public contracts after the Cabinet Office threatened to ban the firm following a slew of scandals. Earlier this month, Scottish Financial News reported that the department wrote to KPMG warning that the action would be taken if the firm co

The costs of the Rangers malicious prosecution scandal have reached almost £40 million, accounts from the Scottish Government show. Compensation payments in the millions were made after a number of people involved in the administration and acquisition of the club became victims of the Crown Of

The liquidators of the Rangers Oldco have revealed that they are hoping to reduce the size of the tax liability owed to HMRC. BDO is disputing about £51 million of the £64.5m which is still being claimed by HMRC.

Aberdeen property management firm Newton Property Management has secured heritage funding to support residents of a city centre tenement who were facing a £330,000 bill for major roof works. The 19th-century property in Aberdeen’s Schoolhill, which houses nine residential flats with shop

The Insolvency Service has been granted new powers to tackle unfit directors who dissolve companies to avoid paying their liabilities. The new legislation extends the Insolvency Service’s powers, on behalf of the business secretary Kwasi Kwarteng, to investigate and disqualify company director

Real estate advisor CBRE has announced it acted on behalf of CBRE Investment Management UK Property PAIF to acquire Exchange Place One, a Grade A office building on Semple Street in Edinburgh.