News

Dyce-based manufacturer of hydraulic and mechanical equipment, RenQuip, has successfully completed a management buy-out (MBO), marking a significant milestone in the company’s growth journey. The transaction was finalised on 19 June 2025, positioning the business for continued expansion in bot

CMS has announced 48 new promotions in Scotland including four lawyers who move to the senior role of Of Counsel. The promotions also include an elevation for 14 colleagues operating in non-fee earning roles within the firm’s three Scottish offices in Edinburgh, Glasgow and Aberdeen.

Reform UK leader Nigel Farage has unveiled a controversial tax policy aimed at attracting wealthy non-domiciled individuals back to the UK. The proposal would allow new or returning non-doms to pay a one-off fee of £250,000 to gain a stable, indefinite tax regime on offshore income and a 20-ye

Small business owners across Scotland have been urged to seek help after new figures showed that firms of a similar size make up the largest share of the UK’s £47 billion tax gap. Advice Direct Scotland, which runs the free advice service taxadvice.scot, said it was vital for entrepreneu

A Dundee-based social enterprise supporting Ukrainian families is set to expand its services across Scotland after receiving vital support from Business Gateway.

Former Abertay University boss Nigel Seaton has been appointed as interim Principal of Dundee University after the Gillies Review, which exposed severe financial mismanagement and a lack of transparency at the institution's highest levels, led to the resignation of interim Principal Professor Shane

The Scottish National Investment Bank is to work with Scotland’s Towns Partnership (STP), the organisation which champions the nation’s town centres, on strategic initiatives this year. This is a working relationship designed to encourage new and innovative investment opportunities to fu

Scotland saw a 13% increase in company insolvencies in May 2025 compared to the same period last year, reaching a total of 133. This rise was primarily driven by an increase in compulsory liquidations, which accounted for 72 cases. The remaining insolvencies included 56 Creditors' Voluntary Liquidat

Aberdeen-based engineering firm Wood Group's chairman Roy Franklin acknowledged a "very painful period" for shareholders due to a significant collapse in the company's value, at its annual general meeting (AGM) this week.

Glasgow is set to introduce a new tax from January 2027, with visitors charged an additional 5% on overnight stays, averaging £4.83 per night.

Independent Scotch whisky distillery Ardgowan is to be formally opened today by Deputy First Minister Kate Forbes as its first casks are filled since building concluded earlier this month. Founded in 2017, the west coast firm is led by whisky entrepreneur Roland Grain and distillery manager Laura Da

As the public consultation on the Charities SORP 2026 ends, the Institute of Chartered Accountants of Scotland (ICAS) has called for further action to ease the growing reporting burden on charities. Christine Scott, head of charities and reporting at ICAS said: "The proposed changes offer more clari

Two rival sausage makers are set for a courtroom battle amid allegations of corporate espionage. Hormel Foods alleges in a US lawsuit that Johnsonville conspired with two of Hormel's former employees to obtain sausage recipes and sensitive commercial information, The Minnesota Star Tribune reports.

The Cyber and Fraud Centre – Scotland has welcomed Fortinet and Accenture as strategic partners supporting its See It, Be It campaign focused on inspiring more women and girls to consider careers in cyber security. Both organisations bring strong credentials in promoting diversity in tech and

Alternative finance provider to mid-sized SMEs, ThinCats, has provided a debt facility to support Chiltern Capital’s management buyout of Bridge of Allan-headquartered Train’d Up Railway Resourcing. Established in 2003, Train’d Up is the UK’s largest provider of rail apprenti