Scotland’s care homes sector is facing an uncertain future due to mounting financial and operational pressures, including shortfalls in local authority funding, with further closures and a contraction in capacity likely, an insolvency expert is warning.
The Institute of Chartered Accountants of Scotland (ICAS) highlights key concerns in response to the Financial Reporting Council’s draft revised UK Corporate Governance Code, and calls for any changes to support wider government objectives to grow the economy. The institute also wants to see ethical leadership enshrined in the new code.
Scottish electricity company Electricity Asset Services Limited has secured major new contracts with Scottish Power, SP Energy Networks, and Lastmile Asset Management, driving a significant expansion of its business, thanks to support from Bank of Scotland.
Delivering over 105,000 loans, the British Business Bank’s Start Up Loans programme has passed a significant milestone having disbursed more than £1 billion in loans.
Up to 50% of business exits occur due to an unexpected approach from potential buyers, however many business owners fail to maximise shareholder value as they are ill prepared for the ‘tap on a shoulder’ approach, according to research by Azets.
Land property search firm Millar & Bryce has formed a partnership with Armalytix, a data intelligence firm that allows the safe sharing of financial insights.
Specialist lender Together has provided a multi-million-pound loan for the purchase of an 850-bed portfolio of student accommodation across Aberdeen and Dundee.
The Institute of Chartered Accountants of Scotland (ICAS) has endorsed the UK government’s recent decision against creating a single insolvency profession regulator.
UMi Debt Finance has received an additional £4 million funding injection to continue its support for Scotland’s small & medium enterprises (SMEs) sector.
Edinburgh-based Nucleus Financial Platforms, an independent adviser platform in the UK, has secured all the requisite regulatory approvals for its acquisition of the Curtis Banks Group.
Techscaler has launched its latest course, Startup Next Steps, where founders and senior team members will learn how to plan and lead their technology companies to the next level, beyond the earlier stages of customer acquisition and product launch.
First Minister Humza Yousaf has laid out a comprehensive Programme for Government aimed at boosting Scotland’s economic growth, supporting small businesses, and combatting poverty.