78% rise in demand for revenue-based finance in Scotland, data finds

Published 1 year ago

SME funder 365 finance, a fintech supporting business growth within the UK, has reported a 78% increase in demand for their Rev&U revenue-based finance in Scotland, according to the latest year-on-year data.

Nationwide and Virgin Money agree £2.9 billion deal

Published 1 year ago

Nationwide Building Society and Clydesdale Bank-owner Virgin Money have formally agreed on the £2.9 billion acquisition deal proposed earlier this month.

Mazars achieves double-digit growth across Scottish offices

Published 1 year ago

International audit, tax, and advisory firm Mazars has reported double-digit revenue growth across its Scottish offices for the financial year ending August 2023, as the firm’s teams in Edinburgh and Glasgow achieved a combined 13% revenue increase, up 4% from the previous year.

Farmfoods accountant jailed for £275k fraud, ordered to repay £77k

Published 1 year ago

A company accountant jailed for defrauding hundreds of thousands of pounds from his employer over three years has been ordered to hand over £77,000 under proceeds of crime legislation.

Eos Advisory leads £2.5m investment into pioneering tourette’s wearable

Published 1 year ago

St Andrews-based investment firm Eos Advisory has led a £2.5 million investment into Neupulse, a start-up developing the world’s first wearable device aimed at tackling Tourettes Syndrome (TS) and other tic disorders towards commercialisation.

KPMG: Scottish financial sector bullish on Q2 growth

Published 1 year ago

Business leaders in Scotland’s financial services sector have expressed their confidence about business growth for the second quarter of 2024, according to new research from KPMG UK.

Balgownie machinery firm calls in Johnston Carmichael administrators

Published 1 year ago

The agricultural and construction machinery providers Balgownie Limited and Balgownie Rentals Limited have been placed into administration.

Scottish Mortgage unveils £1 billion share buyback

Published 1 year ago

The Scottish Mortgage Investment Trust, the flagship fund of Edinburgh-based Baillie Gifford, has announced its largest ever share buyback programme.

Wylie & Bisset: Tax debt crackdown could trigger insolvency wave

Published 1 year ago

Accounting and business advisory firm Wylie & Bisset has warned of an explosion in the number of winding up orders and company insolvencies as HMRC tackles a massive backlog of debt by enlisting private debt collectors to pursue billions of pounds in unpaid taxes.

Glasgow’s Staffscanner to triple workforce with £1m Scottish Enterprise grant

Published 1 year ago

Glasgow-based care sector staffing provider and technology platform Staffscanner has announced it is tripling in size following a grant award of almost £1 million from Scottish Enterprise.

Aberdeen wealth managers surpass £150 million milestone

Published 1 year ago

North-east investment firm Scott James & Associates has recorded its best year yet by exceeding £150 million in funds under management.

Aegon calls for transparency on state pension financing amid NI debate

Published 1 year ago

Against the backdrop of a heated debate on the extent to which National Insurance (NI) funds state pensions, Edinburgh-based Aegon UK has highlighted two official UK government reports into the ‘National Insurance fund’.

Scottish company insolvencies up 9% in February 2024

Published 1 year ago

MPs to examine effectiveness of multi-billion regional investment deals for Scotland

Published 1 year ago

Members of Parliament on the Scottish Affairs Committee are set to conduct an in-depth examination of the progress of £6.2 billion worth of government-backed funding deals, designed to boost regional economic growth in Scotland.

Techscaler and FinTech Scotland join forces to accelerate sector growth

Published 1 year ago

Techscaler, the Scottish Government’s tech startup support programme, and FinTech Scotland, the cluster body driving Scotland’s fintech innovation, have announced a strategic partnership poised to drive forward Scotland’s fintech sector development.