Business

Scotland has seen a 164% increase in corporate insolvency numbers (liquidations and receiverships) in the fourth quarter of 2021-22, compared to the fourth quarter of 2020-21, at 240, against 91. According to the latest figures, the number of corporate insolvencies in Scotland stayed the same in Q4

St Andrew’s business owners Glenn Malloy & Steve Davies have today announced the expansion of their popular retail offering in the St Andrews lifestyle store and cafe, Spoiled Life, with plans to open a new store on the horizon. The three-level store, established in February 2020, just as

Standard Life Investments Property Income Trust Limited (SLI), a company managed by abrdn, has posted its full annual results for the year ended 31 December 2021. The company reported financial resources of £50 million as at 31 December 2021 (2020: £55 million) available for investment t

Confidence continues to return to Aberdeen’s industrial property market, after a strong first three months in 2022, according to analysis from Knight Frank. The independent commercial property consultancy found that 235,344 sq. ft. of industrial space was transacted during the first quarter of

Womble Bond Dickinson (WBD) has advised Build to Rent (BTR) developer PLATFORM_ on development and funding arrangements for its 464-home residential project in Edinburgh for SEK 1.5 billion (£124.4 million) by European real estate firm Heimstaden Bostad AB. Situated in the Bonnington regenerat

Job vacancy numbers in Scotland remain resilient, but applications are on a continuous decline, according to recent research from the Association of Professional Staffing Companies (APSCo). The data, provided by Broadbean Technology, revealed that the IT sector accounted for the lion’s share o

Stirling-based Emblation, a health tech firm, has launched in Europe’s biggest healthcare market, after striking a partnership deal with a leading German medical device company. Already a success across the UK, USA, Canada and Australia, Emblation is launching its Swift® device – whi

London-based automotive mobile game developer Hutch, has announced the opening of a brand new office in Dundee, within Chroma Developments’ Water’s Edge development.

Business Gateway has helped Tronius, an electric vehicle charging station contractor expand into new manufacturing facilities in Dundee and ensured the growth of its services. Tronius, based in Dundee, is Scotland’s first business dedicated to providing EV charging points. They also provide su

Edinburgh-based asset manager Circularity Capital has announced the oversubscribed final close of its second fund at €215 million. The Circularity European Growth Fund II is three times larger than Circularity Capital’s debut fund of £60 million, which closed in 2018, and makes it t

Estate agents Innes & Mackay, headquartered in Inverness, has been named the best estate agency in the north of Scotland at the Inverness Business Awards - part of Scotland’s Business Awards. The business, which has operated in the Highlands for over 145 years, took the top spot following

Fife-based International Testing Services (ITS), which specialises in non-destructive testing (NDT) has grown its headcount after winning a significant new international contract, with the support of a £100,000 funding package from Bank of Scotland. ITS has been providing NDT and inspection se

Pathhead-based technology business AgbioInvestor has been awarded a Queen’s Award for Enterprise in International Trade 2022. Now in its 56th year, the Queen’s Awards for Enterprise are the most prestigious business awards in the UK. The awards were first established in 1965 and since th

Aberdeen-headquartered digital twin technology specialists Eserv has secured a six-figure funding grant from the Net Zero Technology Centre to develop a multi-resolution, multi-format asset integrity visualisation system for the subsea energy sector. The 12-month R&D project will see Eserv build

Almost 14,000 businesses have been supported in the form of grants from the Construction Industry Training Board (CITB), with over £77 million paid out in the last year, and over 45% of grant spent going to small and micro businesses, new data has revealed.