News

With bars and restaurants across the UK reeling from the impact of social distancing measures, the latest Red Flag Alert data from insolvency specialist Begbies Traynor shows that the sector in Scotland was already under severe pressure with instances of ‘critical’ financial distress in

British Business Investments, a commercial subsidiary of the British Business Bank, has announced a new £15 million commitment to Edinburgh-based Par Equity allowing the partnership to deliver over £75m of new funding for businesses.  The funds from British Business Investments

Taylor & Martin, the Glasgow-based factoring business, has opened an Edinburgh office and appointed David Jones to head the company’s East Coast operations.  Mr Jones, formerly of James Gibb and Hacking and Patterson, has already helped the comp

A number of Scottish councils have announced significant progress in distributing coronavirus support funding to businesses across the country. 

Two hundred and fifty accountancy firms have written to the UK Government calling for more help for small enterprises.

The latest Red Flag Alert data gathered by Begbies Traynor found there were large numbers of UK businesses experiencing significant financial distress at the end of March 2020, with the overall figure now exceeding half a million (509,000) for the first time.  The research has revealed the larg

Lyn Calder, Anderson Anderson & Brown's (AAB) corporate finance manager and managing partner, has offered some practical advice to firms during the current coronavirus crisis. The UK and Scottish Governments are acutely aware the financial impact of the lockdown on businesses and the economy as

United Capital, the investment company specialising in consolidating the fragmented UK construction sector, has today announced that, despite the global spread of coronavirus, its acquisition pipeline has now surpassed £350 million. Last year United Capital completed the acquisition of McGill,

The website of our sister publication Scottish Construction Now last month clocked up record traffic, for the third consecutive month, as readers flocked to the site to keep abreast of developments during the coronavirus shutdown.

Burges Salmon's pensions team has been shortlisted for the ‘European Pensions Law Firm of the Year’ accolade. The firm has been named as a finalist at the European Pensions Awards 2020 in recognition of its trusted international reputation.

The banking and finance sector has lent over £1.1 billion to SMEs so far through the Coronavirus Business Interruption Loan Scheme (CBILS), according to the latest data from UK Finance.

New findings from TSB reveal that over two-fifths of people in the UK (42%) suspect they have been targeted by a phishing attack during the COVID-19 outbreak.

The Financial Conduct Authority (FCA) has announced another proposed package of measures targeting motor finance and high-cost credit agreements, which include: high-cost short-term credit (including payday loans), buy-now-pay-later (BNPL), rent-to-own (RTO) and pawnbroking.

In a potential sign of the strain the COVID-19 lockdown is having on the economy, Edinburgh Asset Finance has seen an increase in the number of individuals and businesses seeking to take advantage of asset finance. Based in the capital’s New Town, the firm has reported steady growth in the num

Black Sabbath guitarist Tony lommi has raised over £19,000 for the NHS by auctioning off personal items including one of his guitars.