News

The GlenAllachie Distillers Co. Limited has secured a £30 million asset-based lending package from Clydesdale Bank, thanks to support from the new Scottish arm of Belfast-based finance specialists HNH. The award-winning whisky company appointed Bruce Walker, director of HNH’s Edinburgh t

Maritime Developments Limited, the Peterhead based provider of offshore mission-critical ‘back of boat’ systems and services to the global energy sector, has received £5.25 million in funding from ThinCats.

Housing minister Kevin Stewart has hailed a 24% increase in new build home starts across all sectors as the latest quarterly statistics on new housebuilding and affordable housing supply were released yesterday. According to the latest figures, the number of new build homes that were started in the

Lindsay Lee, practice development lawyer at Brodies LLP, details what things should be considered when entering into credit agreements during the current COVID-19 'delay' phase. With the Government expected to declare a transition from the 'contain' to 'delay' phase in its response to COVID-19 what

Power Jacks, an Aberdeenshire-based design and manufacturing firm, has secured £9.5 million worth of export contracts thanks to support from UK Export Finance. The company provides electromechanical lifting solutions for use in a range of sectors, including civil engineering, energy, defence,

The British Chambers of Commerce (BCC) has welcomed the Bank of England's decision to cut interest rates, saying that the "decisive action" will "support the economy at this delicate moment". In an emergency response to the economic impact of the Coronavirus outbreak, the Bank of England today

Edinburgh-based GTS Solutions, the only social enterprise operating in the UK private security industry, has secured £50,000 from UMi Debt Finance Scotland allowing it to expand into cybersecurity. GTS Solutions was founded in 2012 by chief executive Chris Thewlis, who has borrowed £50,0

Lloyds Banking Group announced yesterday that it has allocated up to £2 billion of arrangement fee-free finance assigned to specifically support UK SMEs to ensure that they have access to additional finance to overcome any impact COVID-19 causes to their cashflow. The group said that its relat

One in three adults in Scotland (34%) say they would be most likely to take on extra debt if they were faced with a sudden gap in their finances, according to new research from insolvency trade body R3.

GCEX (GC Exchange Limited), a fintech specialising in digital assets, has announced that it will open a new facility in Glasgow.

A lawyer who allegedly bolted from a strip club after refusing to pay for his private dance has been arrested.

Anderson Anderson & Brown LLP (AAB), chartered accountancy and business advisors, have been named the top dealmakers in Scotland for the 15th year running. Scottish Business Insider has recognised AAB’s success in completing the most deals in Scotland in 2019. Their latest figures revealed

Dundee-based accountancy practice Ashton McGill has won the 'UK Small Firm of the Year' award at this year's Xero Awards. The accountancy firm has been recognised at the awards for being client-focused and going above and beyond compliance with advisory services entrenched in everything they do.

Royal Bank of Scotland has said it will defer mortgage and loan repayments for a period of three months, for customers who have been affected by the Coronavirus outbreak.

Standard Life Aberdeen (SLA) has posted its Full Year Results for 2019 revealing a 10% drop in profits. The company's profits before tax stood at £584m, a 10% drop which SLA said reflected lower revenue. The results also revealed that free based revenue had dropped by 13% standing at £1,