News

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.

The Bank of England has raised interest rates from 0.1% to 0.25% in an attempt to fight rising inflation. The increase marks the first time that the bank's Monetary Policy Committee (MPC) has risen the rate in more than three years.

Earlier this year, Aberdeenshire-based Phil Anderson Financial Services nominated Aberdeen charity Cyrenians for the annual Skipton Building Society Community Giving Award, securing them a £1000 donation.

The principal contractor previously known as Hugh LS McConnell or McConnell Roofing is relaunching the McConnell brand to tie in with its logo and fulfil the company’s position as an all-encompassing contractor within the industry. Following the success of recent principal contractor wins and

Dentons has advised the shareholders of Axle Group Holdings Ltd (National) on the sale of National to Halfords Group plc for circa £62 million. Halfords is the UK's largest retailer of motoring and cycling products and services.

East Renfrewshire-based Ocean Plastic Pots, a business that specialises in sustainable plant pots, made from end-of-life rope and finishing net increased business operations substantially following support from Business Gateway. Founded by former North Sea Saturation diver Ally Mitchell in January 2

The Scottish Government needs to be more transparent about its spending in response to the Covid-19 pandemic, following a year in which its budget grew by a quarter, according to Audit Scotland. A report from the Auditor General for Scotland says that during 2020/21 the government's primary focus wa

Lucion Group, an environmental services company backed by mid-market private equity investor Palatine, has acquired specialist consultancy Aberdeen Radiation Protection Services (ARPS) Ltd, in a strategic deal that strengthens its capabilities in the nuclear sector.

The key principles and objectives that underline the Scottish Government’s progressive approach to Taxation have been published. Setting out the overall approach to tax policy and delivery, the Framework for Tax looks at how devolved powers are used to achieve Programme for Government commitme