News

Negotiations are underway between BDO and Rangers FC Group to resolve an £18 million claim on the collapsed RFC 2012 plc, The Herald reports. Liquidators BDO are trying to prevent the matter returning to court by holding discussions with representatives of Rangers FC Group, who argue that they

Two nuns who embezzled nearly £400,000 from a Catholic school to gamble in Las Vegas have apologised for their actions.

The UK government has announced new measures aimed at preventing criminals abusing Scottish Limited Partnerships (SLPs) to launder dirty money. Business Minister Kelly Tolhurst said the package of transparency and anti-corruption measures would ensure that Scottish Limited Partnerships "can still be

Business advisory firm RSM UK has announced the appointment of Connor Agnew and Fiona Duncan as directors in its Edinburgh and Glasgow offices. Mr Agnew, who will now lead RSM's M&A and private equity team in Scotland, joined RSM in 2008 and qualified as a Chartered Accountant with the firm. Bef

Partners at Grant Thornton saw their average distributable profit fall by eight per cent to £373,000 in the year ending June 2018, new figures reveal. Year-on-year revenues at the business and financial advisory firm fell by 1.8 per cent to £491 million, with post-tax profits of £7

Blair Nimmo and Geoff Jacobs of KPMG have been appointed joint administrators of Invergordon construction firm Carbon Dynamic. Carbon Dynamic, or CLDB Limited, specialised in the design and manufacture of bespoke timber modular buildings, designed to be low-energy, highly-insulated and constructed f

Scottish businesses should prepare for a stricter enforcement of the Criminal Finances Act 2017 next year, Grant Thornton has warned. The business advisor has urged companies to implement a strategy for complying with the law, which makes firms strictly liable in criminal law for any facilitation of

Business growth slowed in Scotland in November to the weakest rate in eight months, according to new analysis from Royal Bank of Scotland. The seasonally adjusted headline RBS PMI figure decreased to 52.2 in November. This was down from 53.4 in October and signalled the slowest expansion in private

Alan Gordon, principal commercial partner in the Glasgow North office of DM Hall Chartered Surveyors, considers the opportunities that challenger banks provide to the commercial property sector. Challenger banks have been nibbling at the ankles of major UK lending institutions with increasing enthus

Johnston Carmichael has revealed that its capital allowances team advised on £100 million of new distillery developments across Scotland over the past year. The accountancy and business advisory firm successfully identified capital allowances of between 40 per cent and 60 per cent for seven co

Housing, care and property management group Wheatley has secured a ground-breaking investment of £76.5 million that will enable it to build hundreds of new affordable homes. The 25-year debt funding deal provided by Scottish Widows, through its partnership with the Bank of Scotland’s Rea

New principles to improve the corporate governance of large private companies have been developed by a coalition established by the Financial Reporting Council (FRC) under the leadership of building firm Wates Group. Launched today, the new code was drawn up by chairman James Wates CBE to provide a

Shares in Interserve more than halved this morning after the outsourcer revealed it was in negotiations with its lenders to deleverage its balance sheet. It emerged over the weekend that the company was holding talks with lenders over its £650 million debt pile.

An accountant has pleaded guilty to embezzling more than £125,000 from two companies. Natalie Taylor scammed £88,226 from Motherwell-based McCann Electrical Limited and, while wanted by police, secured another bookkeeping job where she pocketed a further £37,668, The Herald reports

Royal Bank of Scotland has launched an investigation into allegations that there is a "culture of bullying" at the bank, The Herald reports. A whistleblower has alleged that staff working on "Project Amethyst" faced intimidation, threats and humiliation from two senior managers.