News

Kingdom Housing Association has taken the decision to settle invoices immediately in recognition of the increasing importance of cash flow to its commercial partners during the current period of coronavirus uncertainty.   A major employer and engine of economic activity across Fife, not le

The Financial Conduct Authority (FCA) has written to companies that it was aware were intending to publish preliminary financial statements in the next few days, urging them to delay their planned publications.

Global real estate advisor CBRE is urging the Scottish Government to reconsider the introduction of a section of the Non-Domestic Rates (Scotland) Act which will remove Scottish businesses’ rights to lodge rating valuation appeals based on economic changes. Brian Rogan, head of CBRE Scotland&r

The impact of the COVID-19 virus is expected to see the UK economy contract by 2.6% in 2020, according to KPMG UK’s latest quarterly Economic Outlook. However, the accountancy firm has warned that a protracted outbreak could result in a more severe impact than the downturn experienced in

In the wake of the coronavirus outbreak, the number of UK companies in financial distress has surpassed half a million.

Shepherd and Wedderburn’s private client team has been accredited as a Gold Employer Partner by Society of Trust and Estate Practitioners (STEP) in recognition of the firm’s supportive organisational learning culture. The team, which supports clients across the firm’s four UK offic

In an effort to help the current situation for the self employed, Heather Self, partner at accounting and tax advisory firm Blick Rothenberg has made a number of suggestions which Government could embrace. It’s a difficult time for those who are self-employed and believe that they ha

TSB has today announced it will ensure that all of its smallest suppliers will be paid within just 10 days of invoicing the bank. The move will apply to all companies that supply goods and services to the bank, even if the contract allows it to pay over a longer period.

Chancellor Rishi Sunak's announcement that the UK Government will pay the wages of employees unable to work due to the COVID-19 outbreak has been roundly welcomed. The chancellor said that the government will pay 80% of salary for staff who are kept on by their employer, covering wages of up to &pou

Scottish tech start-up Udrafter is offering a helping hand to businesses and students battling through the coronavirus crisis. The platform, dubbed the home of micro-internships, allows companies to engage students looking for paid, career-relevant work experience on a range of projects.

GreenOre Gold, a company searching for gold in the rural areas of Scotland, is searching for investors to back a £600,000 crowdfunding campaign to accelerate its plans for a site near Gairloch in Wester Ross. Led by Gavin Berkenheger, an Aberdeen University geology graduate, GreenOre Gold's ex

BrewDog has begun producing and distributing hand sanitiser at its Aberdeenshire distillery amid shortages.

The Bank of England has announced a second cut to interest rates amid a series of measures in response to the coronavirus pandemic. The Bank's Monetary Policy Committee (MPC) has voted to bring the interest rate to 0.1%, down from 0.25%, the lowest rate in its history and the second cut in just over

The UK government's proposed Coronavirus Business Interruption Loan Scheme is "flawed" and does not address "fundamental issues", a corporate financial and business consultancy firm has said. Bristol-based Shaw & Co said the scheme is a step in the right direction but will protect only a fractio

Glasgow-based Russell & Russell has become the first accountancy and business advisory firm in Scotland to graduate from the Royal Bank of Scotland’s Accelerator programme for entrepreneurs. Managing director Stuart Clark and director Rosslyn McMaster joined their local Accelerator hub las