News

Virgin Money, the owner of Clydesdale Bank, has announced that it will resume plans for branch closures in Scotland which it halted due to the coronavirus pandemic. In May, the bank's boss David Duffy said it had paused plans to change bank branch names to Virgin Money as it made provisions for high

Audit, tax and consulting firm RSM is lending its support to Edinburgh-based retail firm Lost Stock by helping to run its day to day finances.

Burness Paull has completed a multi-million-pound fundraising round which saw the firm's top equity partners double their capital stakes to £300,000. Partners chose to inject the cash into the business instead of raise bank borrowings, The Lawyer reports. The firm has also reduced its monthly

Since the start of the coronavirus crisis, audit firms across the UK have introduced a range of additional measures to improve their evaluation of companies’ going concern assessments.

Caledonian Marts Ltd, the Stirling based auctioneering firm, has recently completed a £250,000 programme of investment and improvements at its Stirling Auction Centre site.

Aberdeen-headquartered SeaFlo Consultancy Ltd has invested more than £250,000 to develop a new dynamic marine and subsea training capability supported by state-of-the-art mobile simulators.

A Scottish Masterchef finalist and restaurateur has taken some of his staff off furlough and re-employed them at his award-winning restaurant after being inundated with orders from across the UK for his home deliveries of fine dining lobster dinners. Dean Banks, 32, a finalist in the BBC Masterchef

The Scottish Government is seeking urgent clarification from the UK government about the replacement of EU Structural funds (ESF) programmes, which will play an important role in planning for economic recovery from coronavirus. With just six months until the UK is set to leave the European Union, Iv

The Scottish Chambers of Commerce (SCC) has called for VAT to be cut in the hospitality and tourism industry to help businesses who have been hit the hardest by the coronavirus pandemic.

HM Revenue and Customs (HMRC) has sent out more than one million tax credit renewal notices with incomplete information to addresses across the UK. When the automatic renewal notices were sent out, 1.2 million of them did not include income details which are usually clearly stated on the document.&n

An e-bike advert has been banned on the basis that it creates "a climate of anxiety" around the car industry.

Chartered accountants and business advisory firm Anderson Anderson & Brown (AAB) has appointed Ian Marshall as director. As well as having worked with a diverse range of tech businesses, right through from start-ups to high-growth and turnaround, Mr Marshall also has significant experience

Edinburgh-based fintech lending platform LendingCrowd has been approved for accreditation by the British Business Bank as a new lender under the Coronavirus Business Interruption Loan Scheme (CBILS). This means LendingCrowd will be able to distribute UK government-backed loans to SMEs impacted by th

Glasgow-based financial services firm XFS Limited has appointed Margo Kidd as its new chief operations officer. Ms Kidd has over 15 years of senior management experience, including a decade of strategic development and plan execution on a UK basis. She also has 32 years experience in collections.

Paul Dounis and Matthew Haw of RSM Restructuring Advisory LLP, the joint administrators of Jablite Limited and Styropack (UK) Limited have saved 155 jobs in Aberdeen after completing a prepack sale of the business and assets of both companies.  Mr Dounis and Mr Haw were appointed join