News

Sustained economic growth and the fall in the Sterling exchange rate have put record pressure on businesses in Scotland to increase the amount of money tied up in working capital, leaving them at risk if growth were to weaken in the months ahead, according to a new report from Bank of Scotland.

David Oxley Highlands and Islands Enterprise (HIE) has appointed a new director of business and sector development.

Former Dundee United, Blackburn Rovers and Scotland footballer Billy McKinlay has been made bankrupt – with debts of almost £700,000.

Almost 60 businesses in the Scottish Borders are expecting to increase their turnover by at least £100,000 over the next three years after receiving support from Scottish Enterprise's Business Gateway service.

Stephen Boyle A weak pound buoyed Scotland’s production and tourism sectors, boosting visitor numbers to the country and supporting exports – leading to the strongest export growth rates in three years.

Nicola Standen Nicola Standen, manager and adviser in the Personal Debt team at Campbell Dallas considers the Debt Arrangement Scheme (DAS) as an effective debt management solution.

Matt Roberts Royal Bank of Scotland has provided Cambuslang-based fitness club, Fit4Less, with a £170,500 funding package to help with start-up costs and to fit out its new premises.

Susie Swift How the new system of business rates for shooting rights and deer forests in Scotland will work has been given some clarification this week with more information published on the Scottish Assessors Association website.

Douglas Reid Grant Thornton has strengthened its specialist tax team in Scotland with a new senior manager hire.

A police inspector who was jailed for fraud has been told he will have to repay more than £100,000.

Iain Fraser North-East gym business, Aden Morgan Summers Limited, which trades as Millennium Leisure, has been placed in administration with Iain Fraser and Tom MacLennan, partners with FRP Advisory LLP, appointed as joint administrators.

Mike Rogers Mike Rogers, the former chief executive of Liverpool Victoria, has been appointed as the new non-executive chairman of Aegon UK.

Paul Harrison The findings of new research from Prudential has added to fears of a looming skills shortage in the adviser market, with not enough being done to encourage new recruits.

Steven Cox US insurance brokers Lockton has taken up the lease on a new high-end office suite in Aberdeen’s Westhill business district in order to expand its presence in Europe’s oil capital as the company continues to grow its regional footprint.

Karyn Lamont The Scottish Investment Trust has announced the appointment of Karyn Lamont as a non-executive director and Chair of its audit committee.