News

‘Tax Gap’ figures published today by the Chartered Institute of Taxation (CIOT) have revealed the gap increasing in both absolute terms and as a share of the tax that should be collected, after five years when the latter figure fell. The tax gap is the difference between the amount of ta

Tyk, a London-based global tech company, today announced it has closed a $35 million growth equity funding round led by new investors Scottish Equity Partners (SEP), alongside existing investors MMC Ventures. Tyk’s innovative API management solution helps to build mission-critical systems in h

activpayroll, the global payroll and tax compliance specialist headquartered in Aberdeen, experienced 20% revenue growth YoY in 2020 / 21. The increase in revenue came as the firm provided additional services to existing customers and adding a host of new global customers all looking to take advanta

London-based Allica Bank has launched its first owner-occupied commercial mortgage offering in Scotland, pledging to lend £50m to small to medium-sized enterprises (SMEs). Allica Bank said that the popularity of the promotional offering in England and Wales could be the perfect way to introduc

The rare whisky market for 2021 is set to break all previous records, following a strong first six months of the year, according to new figures published today by whisky analyst, broker and investment experts Rare Whisky 101. The first half of 2021 has seen nearly 85,000 bottles of single malt Scotc

Global real estate adviser Knight Frank has boosted its Scottish valuations offering with the appointment of William Rankine. Joining the Scotland team as an associate, Mr Rankine brings more than a decade’s experience in valuations, spending the last seven years as a hotels and leisure proper

Grand Bequest, an Edinburgh-based tech start-up, has created unique property technology that will empower individuals to save and re-use old, vacant buildings across Scotland. Grand Bequest has used data science to develop its platform that links data analytics, stakeholder participation and alterna

West Dunbartonshire Council is set to make a £2million investment in the proposed Scottish Marine Technology Park at the former Carless site in Dalmuir. Money from the councils regeneration fund will benefit the project to transform the 47 acre site, reintroducing marine manufacturing and supp

Champagne producers have given in to a new Russian law that will see genuine French Champagne labelled as "sparkling wine" – while Russian-made sparkling wine is labelled "champagne". The Champagne Interprofessional Committee had launched a boycott of Russia following a government decree allow

Standard Life Investments Property Income Trust, having undertaken a full assessment of the environmental impact of its assets under management, set a strategy in motion to reduce its carbon emissions through improved energy efficiency across its portfolio and carbon offsetting. The acquisition of a

Asset & wealth management firm AssetCo has appointed former Standard Life Aberdeen manager Campbell Fleming as its new chief executive officer. Mr Fleming will take up his new role on October 2.

Financial mutual Scottish Friendly has announced the appointment of Mark Laidlaw and Stephen McGee as non-executive directors. Mr Laidlaw and Mr McGee bring with them over 40 years’ worth of industry experience across pensions, investments and protection, many of which have been spent at a sen

A new report published by PwC has revealed that just 14% of its staff come from a lower socio-economic background. As part of its full year annual report for 2021, The Big Four firm has announced a targeted action plan to increase social mobility through its recruitment, development and progression

The Artisanal Spirits Company (ASC), the owner of The Scotch Malt Whisky Society, has seen its revenues increase by 20% to £7.9 million in the six months ended 30 June 221.

New figures from LINC Scotland, the national angel capital association, indicate that investment levels from Scotland’s business angel community into promising young companies are in line for a record year in 2021. The association’s research found that Scotland-based angel investors led