Loch Lomond Distillers has reported a significant financial upswing with a 20% increase in annual turnover, surpassing the £100 million threshold for the first time.
Glasgow-based multi-service construction company Tough Construction has transferred its entire shareholding to an Employee Ownership Trust (EOT), marking it as the largest business in Scotland to do so.
Wylie & Bisset has unveiled an array of promotions across various sectors of its organisation including audit, business advisory services, insolvency, payroll, and tax departments.
Edrington, the Glasgow-based whisky distiller, comprising prestigious brands including The Macallan and Famous Grouse, has reported a 43% rise in pre-tax profits and exceeding £1 billion in core revenue for the first time, marking a milestone in the company’s financial performance.
In a move to strengthen Scotland’s position as a European hub for startups, the Scottish Government has announced it will deliver a funding package worth £17.5 million this year.
Scotland is set to create its first two Investment Zones in the Glasgow City Region and the North East, with up to £160 million of targeted investment, tax reliefs, and other incentives being earmarked over the next five years.
The Scottish Borders Council has confirmed the appointment of two new directors, Suzy Douglas, director of finance & procurement, and Nuala McKinlay, director of corporate governance, effective immediately.
James Watt, CEO of Brewdog, the brewery and pub chain headquartered in Ellon, Aberdeenshire, has expressed strong criticisms about the aftermath of Brexit, describing it as “tragic for UK business” and emphasising its detrimental effects on his own enterprise.
Scottish football club, Arbroath FC, has made headlines following a significant surge in their financial fortunes, tripling their annual turnover to £1.88 million in 2022.
Scotland has witnessed a surge in new businesses, with over 3,200 start-ups registered in May 2023, according to research conducted by R3, the UK’s insolvency and restructuring trade body.
Fintech start-up ZIPZERO has relocated its headquarters from London to Aberdeen, as it looks to leverage the region’s thriving tech scene to drive its expansion.