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Finance

Ashton McGill eyes £1m revenue as turnover growth surges 41%

Published 2 hours ago

Dundee-based accountancy firm Ashton McGill, which is founded by father and son Alasdair and Andrew McGill, is pleased to announce business growth which resulted in a 41% increase in annual turnover for 2023.

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Capital Credit Union’s loan book hits record £25 million

Published 23 hours ago

Edinburgh-based ethical financial institution Capital Credit Union (CCU) has announced that its loan book has exceeded £25 million for the first time in its 35-year history.

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Scottish startups secure £100m of venture capital during Q1

Published 23 hours ago

The first quarter of 2024 has seen nearly £100 million invested in Scottish businesses, according to KPMG UK.

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Investment Fund for Scotland commits £5m to support growth of smaller businesses

Published 1 day ago

The British Business Bank’s Investment Fund for Scotland has agreed £5 million of deals to support the growth of small businesses, just six months since the fund was launched to improve access to finance and provide a boost to the Scottish economy.

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Scotland urged to fast-track investment zones and freeports amid foreign investment dip

Published 1 day ago

Wright, Johnston & Mackenzie is calling for for accelerated progress on investment zones and freeports to bolster economic growth, after its analysis showed a concerning downturn of foreign interest in Scottish businesses.

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Woodland Kitchens acquires Dundee’s JTC Furniture Group

Published 2 days ago

Northern Irish manufacturer and supplier of kitchen, bedroom and bathroom furniture, Woodland Kitchens, has agreed a deal to acquire Dundee-headquartered, JTC Furniture Group, in a transaction backed by investment from growth capital investor BGF.

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Scotland faces ‘sustained increase’ in company administrations in Q1 2024

Published 2 days ago

The number of companies in Scotland filing for administration has hit its highest Q1 rate since before COVID-19, according to figures from Interpath Advisory.

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Scottish Friendly enhances junior ISA policy with maturity guarantee and cash incentive

Published 5 days ago

Financial mutual Scottish Friendly has added a guarantee at the maturity date of its Junior ISA (JISA) policy for with-profits investors, to help more UK families invest for their children’s future with some peace of mind.

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Edinburgh achieves record year for living wage accreditations

Published 5 days ago

Edinburgh has experienced its most successful year of living wage accreditations to date.

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RBS to shutter one-fifth of branches

Published 5 days ago

The Royal Bank of Scotland (RBS) has revealed plans to close a further 18 out of its 86 branches, including three in Edinburgh.

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VINCI Airports agrees to buy majority stake in Edinburgh Airport for £1.27bn

Published 5 days ago

VINCI Airports, a subsidiary of French conglomerate VINCI Concessions, has agreed to purchase an effective 50.01% stake in Edinburgh Airport Limited, the owning company of Edinburgh Airport, for a sum of £1.27 billion.

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Summit to address Scotland’s low innovation funding application rate

Published 6 days ago

Innovation in Scotland is being severely curtailed by very low levels of R&D tax relief and Patent Box claims, a leading innovation tax relief expert has warned ahead of a summit being convened later this month that aims to tackle the issue.

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Orbex rockets ahead with £16.7 million investment boost

Published 6 days ago

Forres-headquartered spaceflight company Orbex has closed an update to its Series C funding round, securing a further £16.7 million from a consortium of six major investors.

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Future Finance initiative launches to drive innovation in Scottish financial sector

Published 6 days ago

Firms in the financial services sector in Scotland have been invited to sign up for a new business and innovation support programme.

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Scotland’s tech firms to vie for global spotlight in KPMG innovator competition

Published 1 week ago

The search for the top tech innovator in Scotland has been launched as part of annual competition to highlight the next great technology business.

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