News



Nucleus Financial Group delays preliminary results announcement

Edinburgh-based financial services company Nucleus Financial Group has announced that it will defer the publication of its audited results for the year ended 31 December 2019 on 24 March 2020 following the Financial Conduct Authority's (FCA) request for delay issued yesterday. 

Published 24 March 2020

Kirsty Paton: ASA could save the day for company investors

Kirsty Paton, tax specialist from the entrepreneurial tax team at accountants Chiene + Tait, discusses how Advanced Subscription Agreements (ASA) could save the day for company investors amid the coronavirus uncertainty.

Published 24 March 2020

Karen Thomson details updates to IR35 ruling

Karen Thomson, payroll partner at Armstrong Watson, has detailed the key facts surrounding the update to IR35 'Off Payroll Working' announced by the British Government as part of the coronavirus measures.

Published 24 March 2020

UK contactless limit raised to £45

The spending limit for contactless card payments will be increased from £30 to £45, with a national roll-out beginning from 1 April 2020, UK Finance has announced.

Published 24 March 2020

FCA releases statement on UK markets

The Financial Conduct Authority (FCA) has said that it is working with international counterparts in the US, EU and elsewhere so that markets can remain open and orderly, and so they can continue to perform their essential role in supporting businesses, governments, jobs and the broader economy.

Published 24 March 2020

'Its business as usual' says Revolut

Nic Storonsky, chief executive of Revolut, has refuted rumours that the fintech is facing financial difficulties in the wake of the coronavirus outbreak.

Published 24 March 2020

Clydesdale Bank and Yorkshire Bank offers support to business customers

Clydesdale and Yorkshire Bank, owned by Virgin Money UK, is one of the accredited lenders participating in the Coronavirus Business Interruption Loan Scheme, being delivered by the British Business Bank, to support the continued provision of finance to SMEs during the COVID-19 outbreak.

Published 24 March 2020

Peer-to-Peer lending industry expected to reach £6.5bn value in 2020 despite coronavirus outbreak

The European business Peer-to-Peer lending industry is expected to reach $6.5 billion in value this year.

Published 24 March 2020

And finally... drink and drive

Guardbridge-based Eden Mill has launched a drive-through service so customers can purchase gin during the UK's coronavirus crisis.

Published 24 March 2020

Accountant in Bankruptcy suspends sale and evictions from property in ongoing administrations

Scotland's insolvency service Accountant in Bankruptcy (AiB) has suspended sales and evictions from property in ongoing bankruptcy administrations until further notice in response to the current coronavirus pandemic.

Published 23 March 2020

Kingdom Housing Association speeds payments to help businesses during coronavirus crisis

Kingdom Housing Association has taken the decision to settle invoices immediately in recognition of the increasing importance of cash flow to its commercial partners during the current period of coronavirus uncertainty.  

Published 23 March 2020

FCA requests company reporting ban triggering fear of stock market shut-down

The Financial Conduct Authority (FCA) has written to companies that it was aware were intending to publish preliminary financial statements in the next few days, urging them to delay their planned publications.

Published 23 March 2020

CBRE calls on Scottish Government to reconsider introduction of S13 Non-Domestic Rates (Scotland) Act

Global real estate advisor CBRE is urging the Scottish Government to reconsider the introduction of a section of the Non-Domestic Rates (Scotland) Act which will remove Scottish businesses’ rights to lodge rating valuation appeals based on economic changes.

Published 23 March 2020

KPMG: GDP to drop by 2.6% in 2020

The impact of the COVID-19 virus is expected to see the UK economy contract by 2.6% in 2020, according to KPMG UK’s latest quarterly Economic Outlook.

Published 23 March 2020

Over half a million UK companies in financial distress

In the wake of the coronavirus outbreak, the number of UK companies in financial distress has surpassed half a million.

Published 23 March 2020