News

High Street banks have slashed financial support for SMEs in Scotland by £465 million, a decrease of 5.8% between 2014 and 2018, according to Iwoca.

BNI Scotland North, a business network in the North of Scotland, is following a remarkable year which saw its members generate more than £19 million worth of business. The latest figures reveal BNI Scotland North members passed business leads to each other that were worth £19,205,390 in

Susan Currie, solicitor at Blackadders, discusses the intricacies of tax avoidance schemes and liquidation. In this day and age tax avoidance schemes are rarely out of the news. The schemes, although they may not be moral, are legal. Tax avoidance is when an individual or company arranges their asse

Retail sales in December 2019 fell by 0.6%, the latest data from the Office for National Statistics (ONS) has found.

Three-quarters of Scottish firms believe that giving councils additional powers over non-domestic rates would be bad for business, according to a new survey from the Federation of Small Businesses (FSB). The poll - conducted over the last month - also shows that seven in 10 businesses are opposed to

Loan payments are now being issued to provide financial support to hill farmers and crofters in some of Scotland’s most remote and marginalised areas, the Scottish Government has announced. Under the first tranche of the Less Favoured Area Support Loan Scheme payments, more than 7,500 eligible

Lanarkshire-based sausage skin maker Devro has issued a profit warning after the firm saw lower than expected second-half sales which it expects will affect last year's profits.

Arbroath-based fish company RR Spink & Sons has seen revenues reach £31.7 million for the year ended March 31 2019, an increase of over £6m from 2018.

CBRE has released its latest figures on Scotland’s office market, revealing an encouraging performance despite ongoing political uncertainty. The final quarter of 2019 saw Glasgow office take-up of 248,207 sq ft, bringing the 2019 total to 856,410 sq ft. The take-up for the quarter was 12.17%

The two private finance initiative (PFI) hospitals that Carillion was building at the time it collapsed are currently due for completion at vastly increased budgets with most of the increased costs being met by the contractor and private PFI investors, a National Audit Office (NAO) investigatio

HMRC has highlighted ten of the weirdest excuses and expense claims it has received in the last decade. The top ten most bizarre excuses and questionable expenses claims for items, in reverse order, are:

Blair Nimmo and James Lumb from KPMG’s restructuring practice have been appointed joint administrators of Dumfries-based Penman MW Ltd, trading as Penman Engineering. So far, 44 employees have been made redundant, with the remaining 17 members of staff being retained to assist the administrati

Husband and wife team Dimitrios Giatras and Kyriaki (Kelly) Ntaoutidou have purchased a dental business with two surgeries in Paisley, thanks to a £500,000 funding package from Royal Bank of Scotland. Dimitrios and Kelly, who originate from Greece, bought Happy Smiles dental surgery from

Clean energy solutions provider Logan Energy has secured £1 million investment from Kelvin Capital via its international collaboration with Henan Lanxing Power Equipment Co Ltd (Lanxing) to build on its hydrogen technology capabilities and develop operations in the Chinese market. Lo

The short-term outlook for the Scottish housing market has improved markedly following the General Election result with price and sales expectations for the three months ahead increasing sharply, according to the Royal Institute of Chartered Surveyors (RICS).