News

Iain Penman, senior associate in litigation at Brodies LLP, explains the advantages and disadvantages of a Minimal Asset Process (MAP) bankruptcy in Scotland. Bankruptcy, or sequestration as its often called in Scotland, is governed by the Bankruptcy (Scotland) Act 2016 and is available to people, p

The increasing size of inheritances means people’s overall wealth is more likely to be determined by their parents’ assets rather than their own earnings, according to new research published by the Institute for Fiscal Studies (IFS).

Scotland’s family businesses have been among the most impacted in the world by the pandemic according to KPMG's Global Family Business report.

Scottish fintech Guiide has raised further investment as it looks to help provide more help to individuals to achieve better retirement outcomes. The new funding will help support free retirement guidance tool Guiide to develop new features on its existing consumer platform. These include greater in

More than one in five high growth companies in Scotland is founded, led or managed by women – the highest proportion in the UK, according to a new report by JP Morgan Private Bank.

Confidence is rising among Scotland’s local and independent firms, according to new research from the Federation of Small Businesses (FSB).

A rapid rise in the number of electric vehicles (EVs) in Scotland presents an opportunity for the country’s property sector to contribute to the national drive for net zero and revive the hard-pressed retail sector, according to the latest research from Knight Frank.

The Financial Reporting Council (FRC) has announced it will be holding an international conference in June entitled Audit Firm Culture: Challenge. Trust. Transformation. The conference will explore the link between audit firm culture and audit quality with the objective of accelerating the pace of c

A mirror that belonged to Queen Anne has sold for £50,000 at an auction in Dorchester.

Edinburgh-based investment manager Par Equity deployed more than £17 million of capital into its portfolio companies in a record-breaking year. Par deployed 48 per cent more capital than in the previous year, which in turn raised a further £26 million from third party investors. Speciali

Scottish business angels are now investing almost as much as they were at the end of 2019, bucking the UK-wide trend, according to new figures from LINC Scotland. Angels invested £9.7 million in the first quarter of 2021, the second highest on record after a peak of £10.9 million in the

Chartered accountant Gerry McCarthy has joined Lanarkshire-based Phoenix Utilities as an associate finance director. Mr McCarthy brings broad experience across the construction and utility sectors, including recent experience as a small business owner in the utilities sector and nine years as financ

Edinburgh-based digital wallet and payments platform Zumo has appointed Liam Birch as the firm's new senior product owner. Mr Birch joins the Zumo team at a time of massive growth in the crypto space. He will be instrumental in leveraging the brand’s continued success as it moves past 50,000 u

Former Standard Life head Keith Skeoch has been appointed as chair of the Edinburgh International Festival board. Mr Skeoch, already a trustee and active member of the Festival's diversity and inclusion board working group, will take up the role from June.

Marlene Shiels, chief executive of Edinburgh-based Capital Credit Union, has said that member-led organisations can play a vital role in helping millions across the country become financially resilient as lockdown ends. Ms Shiels says she fears a tidal wave of personal debt is looming with so much e