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Top accountant warns of insolvency increase in Scottish companies

A TOP insolvency accountant has revealed that Scottish corporate failures last year increased significantly from the previous year.   Matt Henderson, Head of Restructuring at Johnston Carmichael Chartered Accountants analysed the most recent insolvency statistics and found that Scottish corporate failures over 2014 increased by 6.2% compared to 2013.   Commenting on the figures, Matt […]

January 29th, 2015 | Posted in Business | Read More »

Glasgow Uni developing new ultra-fast wireless transfer technology

glasgow-uni

The UNIVERSITY OF GLASGOW is leading a new European Commission-funded project to develop a novel form of ultra-fast wireless data transfer.   The project is titled‘Innovative ultra-BROadband ubiquitous Wireless communications through terahertz transceivers’ (iBROW) and has received €4M (£3.1M) in support from the European Commission’s Horizon 2020 initiative.   Glasgow will lead the project which […]

January 28th, 2015 | Posted in Business | Read More »

Top accountant urges: Beware of the recovery, not the recession

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A RESTRUCTURING expert at one of Scotland’s top chartered accountancy firms has warned companies of being complacent during economic recovery.   Matt Henderson, Head of Restructuring at Johnston Carmichael Chartered Accountants, is encouraging companies to make sure they are prepared to survive the economic recovery period.   Matt believes that an improving economy during 2015 […]

January 23rd, 2015 | Posted in Business | Read More »

Vauxhall top UK car manufacturer sales in 2014

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Vauxhall was the number biggest-selling car manufacturer in Scotland last year.   The British company, whose headquarters are in Luton, attributed much of the success to the finance options available such as the personal contract payments (PCPs).   The outgoing Vauxhall Corsa was the best selling vehicle in Scotland at retail with over 10,000 sold. […]

January 23rd, 2015 | Posted in Business | Read More »

Prime Minister welcomes new £50m airside investment at Edinburgh Airport

Around 140,000 passengers are predicted to use Edinburgh over the weekend

EDINBURGH AIRPORT has received a new £50 million investment which will triple the capacity for long-haul flights from the airport.   The plans will see an extensive redevelopment of the airport’s immigration and baggage reclaim facilities with a second immigration hall and baggage reclaim area created and extensive construction of new aircraft stands and air […]

January 22nd, 2015 | Posted in Business,Politics | Read More »

Edinburgh offices sold for record breaking sum

Port Hamilton 1

THE LARGEST ever transaction for offices in Edinburgh has been set after a property was sold for more than £100 million.   The Scottish Widows Headquarters at Port Hamilton in Edinburgh was sold for around £105 million, making it the largest ever office transaction in Edinburgh.   The 271,637 square feet building is located in […]

January 21st, 2015 | Posted in Business,Local News | Read More »

Aberdeen set to become one of the best digitally connected cities in the world

Graeme Gordon, IFB

ABERDEEN businesses will soon benefit from working within one of the best digitally connected cities in the world thanks to a partnership between a leading fibre-optic infrastructure provider and internet service provider.   Internet service provider Internet for Business (IFB) have partnered with fibre-optic infrastructure provider CityFibre in a move which will allow businesses to […]

January 21st, 2015 | Posted in Business | Read More »

Entrepreneurs offered specialist tax advice to help their businesses

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SCOTS entrepreneurs looking for investment are being offered access to high-level, specialist tax advice from a new partner at a leading accountancy firm.   Neil Norman at Edinburgh based Chiene + Tait, says tax reliefs can help entrepreneurs obtain money to invest in their businesses through helping ‘business angels’ minimise their exposure to investment risk.   […]

January 14th, 2015 | Posted in Business | Read More »

Commsworld closing in on £10m revenue in its’ 20th year

Comms WorldPic: Peter Devlin

Scotland’s largest independent telecoms firm, Commsworld, closed in on its first year of double figure revenues as it celebrated being two decades old.   The firm, which has become a specialist in network, telephony and mobile communication solutions, saw its’ 20th year herald a surge in business growth – at the expense of the sector’s […]

January 5th, 2015 | Posted in Business | Read More »

Workout with world famous views

Crowne Plaza run station

A LEADING endurance runner and hotel manager is offering her guests free running tours of Edinburgh’s famous landmarks.   The Crowne Plaza Edinburgh – Royal Terrace has combined business, site seeing and exercise with 24/7 running tours by ultra runner and General Manager Lucja Leonard.   A dedicated unit within the hotel, known as The Energy Station, provides […]

January 5th, 2015 | Posted in Business | Read More »

Referendum Hangover Brings Cure To Property Market

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Edinburgh’s property market enjoyed a strong end of year run as the hangover from the Referendum faded, according to the capital’s leading solicitors and estate agents.   Warners, who have four property shops in Edinburgh, saw the number of properties being listed for sale jump by 20% in December compared with October; while sales figures […]

January 5th, 2015 | Posted in Business | Read More »

First Tax Scheme Success Allows Staff To Mean Business

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Gilson Gray LLP, Scotland’s largest new full service law firm, has recently completed its first ground breaking Employee Ownership Trust arrangement – believed to be the first of its kind in Scotland.   Employee Ownership Trust (EOT) was introduced by the Finance Act in April this year as an innovative way of encouraging businesses to […]

January 5th, 2015 | Posted in Business | Read More »

Scots brewery opens bar in Finland

brewdog

Scotland’s largest independent brewery, BrewDog has opened a bar in Finland after an online campaign by craft beer-obsessed locals in Helsinki who were keen to get a BrewDog bar on their doorstep.   The bar will be the company’s first to open in Finland and will be the sixth to open outside the UK after […]

December 17th, 2014 | Posted in Business | Read More »

UK’s first gluten free brewery to set up in Scotland

Photo: Arthur Maniet

The UK’s first entirely gluten free craft brewery will open in Scotland in 2015.   The Bellfield Brewery will develop craft beers that are naturally gluten free with its first products available to consumers by summer 2015.   The brewery plans to offer a wider range including a premium IPA, a stout, lager and other […]

December 15th, 2014 | Posted in Business | Read More »

Small business bonus scheme maintenance announced

Donald Trump appeared at the Scottish Parliament's green energy targets inquiry

  Deputy First Minister John Sweeney delivered a parliamentary statement on local government finance and made a range of announcements about business rates in Scotland.   The local government finance announcements mean Scottish local authorities will receive around £10.85bn next year to run vital services.   They will have to freeze council tax for the […]

December 12th, 2014 | Posted in Business,Politics | Read More »

Edinburgh Airport gears up for festive season with 10 million milestone within reach

Edinburgh airport drop off charges

  EDINBURGH airport enters the festive season with increased passenger numbers and their 10 million passenger target within sight.   The airport saw a 3.1% increase in passenger traffic in November with over 700,000 people travelling through Scotland’s busiest airport.   The increase was driven by a strong performance in domestic passenger traffic, which was […]

December 11th, 2014 | Posted in Business | Read More »

Contractor announced for new £17m research centre in Edinburgh

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The £17m contract for the building of the new Scottish headquarters for the British Geological Survey (BGS) has been announced.   Morrison Construction, part of Galliford Try plc, will build the Lyell Centre which will also serve as a major joint BGS/Heriot-Watt University research centre for geological, petroleum and marine sciences.   Under the £9.6m […]

December 8th, 2014 | Posted in Business | Read More »

Scotland urged to back Small Business Saturday

Stall holder Claudia Ulaas at the German Market, Edinburgh

The Federation of Small Businesses (FSB) is asking Scots to back Small Business Saturday for a second year running by choosing to spend their festive pay packets with independent businesses this weekend.   Shoppers are being urged to to choose small businesses when spending their money this Saturday 6 December as part of a drive […]

December 2nd, 2014 | Posted in Business | Read More »

Community programme improves employment and teaches new skills

A COMMUNITY programme has helped disadvantaged communities turn their lives around and delivered financial benefits of up to £6m.   The community project, known as Link Up, helps disadvantaged communities by using activities such as: gardening, cooking, sports, music and arts to teach new skills and help secure employment.   Link Up, developed by Inspiring Scotland, […]

December 1st, 2014 | Posted in Business | Read More »

Give kids lessons on Andrew Carnegie says Sir Tom Hunter

SCOTS schoolchildren should have lessons on Andrew Carnegie according to businessman Sir Tom Hunter. The entrepreneur and former richest man in Scotland said the life of Carnegie should be used to inspire today’s generations. Carnegie, the Fife-born industrialist and philanthropist, emigrated to the US in 1835 when he 13, amassed a huge fortune in the […]

November 26th, 2014 | Posted in Business | Read More »

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