News

The UK’s GDP fell by 19.1% in the three months to May this year during the lockdown period.

The Association of Chartered Certified Accountants (ACCA) has joined with champions of small business to call for more help for the troubled sector in the wake of the coronavirus pandemic. The call came in a roundtable discussion hosted by ACCA with the Forgotten Ltd campaign, which supports small l

Moscow housing officials have been accused of embezzling money from the city budget by using invisible ink on contracts.

Paul Allen and Chad Griffin, partners at FRP Advisory, have been appointed joint liquidators of Drake Estates Property Company Limited and Aston Darby Group Limited.  The companies, which had raised approximately £25 million from investors, own a substantial and prominent car pa

The Glasgow Distillery Company has secured a £5.5 million asset-based lending facility from Barclays to support its international growth plans. As part of the deal, Barclays has assumed full day to day banking for the distillery which re-opened in 2014 becoming the first independent single mal

Standard Life Aberdeen (SLA) has dropped its shares in fashion retailer Boohoo amid allegations of sweat shop conditions within the company. 

Homebuyers will be able to take advantage of reduced rates of Land and Buildings Transaction Tax (LBTT) from this week, after finance secretary Kate Forbes responded to calls for a quick implementation of the change. The threshold at which LBTT begins to be paid will rise from £145,000 to &pou

Lauren Hazlie, property solicitor at Jones Whyte, details the impact of the coronavirus pandemic on the housing market by discussing the extension to the Additional Dwelling Supplement Tax reclaim period. In Scotland, Additional Dwelling Supplement (ADS) Tax must be paid by a buyer on the purchase o

Machine Labs, an Edinburgh based software start-up, has raised £1 million in a seed extension round lead by Techstart Ventures alongside the founders, the angel investors Bill Dobbie and Richard Freedman, and the British Business Bank. An additional £100,000 was provided in grant fu

St Andrews based distiller and brewer, Eden Mill, has seen its sales increase by 9% during the coronavirus crisis-hit April to June 2020 trading quarter.

Andrew Knowles, senior director, restructuring advisory at financial consultancy firm Duff Phelps, details how the temporary suspension of wrongful trading doesn’t change the attention that directors should be giving when evaluating the financial position of their company. The tempor

The Electric Cycle Company (ECC) has launched a £70,000 crowdfunding campaign to renovate its new 4000 sq ft headquarters in Edinburgh. The Electric Cycle Company bike marking with Police Scotland and Granton Youth

Roland Smyth, head of Scottish hotels & leisure group at law firm CMS, provides some tips for bars and restaurant owners who are planning to reopen their businesses this week.  The hospitality sector, which has suffered immensely from the coronavirus lockdown, is set to reopen this week. Th

Private sector activity in Scotland continued to decline significantly during June as firms reported a further drop in new orders throughout June, according to the latest Royal Bank of Scotland PMI. Private sector firms in Scotland reported a further reduction in total new orders during June, extend

St Andrews-based investment firm Eos Advisory has backed Europe’s first oncology drug discovery accelerator, Cumulus Oncology, leading a £1.7 million investment round. The funding round was supported by the Scottish Investment Bank, the investment arm of Scottish Enterprise, Alba Equity,