News

Department store Debenhams has filed a notice to appoint administrators amid the current coronavirus pandemic. Debenhams has appointed Geoff Rowley and Alastair Massey of FRP Advisory to advise in relation to the possible administration.

The Federation of Small Businesses (FSB) Scotland has called for the Scottish Government to establish a new emergency grant and loan scheme for smaller businesses and the self-employed. In a letter to ministers, FSB Scotland has called for new help for operators who are either excluded from existing

Nationwide Building Society has announced that it will be closing all branches and call centre operations at the weekends amid the current coronavirus crisis. After previously unveiling plans to close 50 branches and reduce opening house, the building society distributed a letter to its clients anno

Around 7,000 specialist beef producers will benefit from payments worth around £40 million in the coming weeks, ensuring money is still going to farmers and crofters during these unprecedented and challenging times.

The Association of Chartered Certified Accountants (ACCA) has welcomed Kier Starmer's victory in the Labour Party leadership competition.  On Saturday, it was announced that Mr Starmer won a landslide victory in the leadership race.

Michael Jackson's iconic white glove has been sold at an auction for £85,000.

Chancellor Rishi Sunak has announced further measures to support firms affected by the coronavirus crisis, by bolstering business interruption loans for small businesses and announcing a new scheme for larger companies. To maximise the support available, the Chancellor is extending the Coronavirus B

Chartered accountants Wylie & Bisset is advising professionals and other intermediaries with business clients concerned about financial distress resulting from the current social distancing measures to consider a DAS Debt Payment Programme. A Debt Payment Programme under the Business Debt Arrang

William Duncan Business Recovery has published a flipbook offering clear and simple to follow advice for directors of businesses facing financial distress and those who are concerned about potential wrongful trading during the current coronavirus pandemic.  The COVID-19 pandemic has already mad

RSM’s Market Stress Index has recorded its steepest and most protracted spike in negative sentiment since the metric was introduced, as COVID-19 fears intensify. The index, which measures financial and economic stress or risk since the UK’s departure from the EU, has shot up in the past

Allana Sweeney, senior associate in Shepherd and Wedderburn’s restructuring and business advisory team, discusses how the measures of support implemented to help businesses during the coronavirus pandemic are a spark of hope for firms. Each day brings fresh challenges as a consequence of the C

Chris Dunn, partner at Brodies LLP, details the current issues facing Scottish housing associations in terms of banking and finance in the current COVID-19 climate. Amongst the multitude of issues currently facing housing associations during the COVID-19 pandemic, one focus of FDs and boards ne

Steven McKay, head of employee benefits at chartered financial planners Mearns & Company, discusses the coronavirus pandemic and employee benefits. At Mearns & Company, we understand the disruption that the outbreak of COVID-19 has caused to everyone’s daily lives. 

Financial support for seafood processors to help them through economic pressures related to the coronavirus pandemic will be available through a new £10 million scheme announced by the Scottish Government.

Renewables infrastructure fund JLEN has acquired a stake in the Peacehill Farm anaerobic digestion plant in an £11 million deal. The investment consists of the provision of a debt facility and subscription for a minority equity stake in JLEAG AD Limited, which holds, through its wholly-owned s