Figures

SUNDAY TIMES REVEALS SCOTLAND’S FASTEST GROWING PRIVATE COMPANY

 (L) Darina Garland & (R) Kristian Tapaninaho Co founders of Oon The inaugural Sunday Times 100 rankings has named pizza oven maker Ooni is the fastest-growing private company in Scotland.   Husband and wife team, Kristian Tapaninaho and Darina Garland, run their company Ooni from a base in Broxburn near Edinburgh. Kristian used to enjoy making his […]

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NEW DATA GIVES A CLEAR PICTURE OF EMPLOYEE OWNERSHIP

Paul Heat Recovery Scotland Director Stefan Huber (In the centre) with two of the employee trustees New research commissioned by Co-operative Development Scotland (CDS), part of Scottish Enterprise, has given the clearest picture yet of Scotland’s employee-owned businesses* (EOBs) and their economic contributions Conducted by academics from the University of Leeds, University of New South

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SCOTTISH FIRMS FACE RISING INFLATION

Scottish businesses have positive expectations for activity levels, employment and turnover, but also report that inflationary pressure and supply chain issues pose challenges in the year ahead. The latest Addleshaw Goddard Scottish Business Monitor, which surveyed 500 firms in April, revealed that all sectors of the Scottish economy recorded large net balances for their volume of

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ANALYSIS OF COVID BUSINESS SUPPORT LIMITED DUE TO DATA GAP

A new report from Audit Scotland shows that analysis of how Covid-19 business support funding was distributed during the pandemic is not possible due to gaps in data. The Scottish Government provided about £4.4bn of grants and non-domestic rate reliefs between March 2020 and October 2021, mostly paid out to businesses by councils. It then

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SCOTLAND’S HOUSING GAP APPROACHING 100,000 HOMES

According to a report released today, Scotland is suffering from a chronic housing shortfall approaching 100,000 new homes as a result of significant and consistent undersupply over the last 14 years. Industry body Homes for Scotland (HFS) is calling for an all-tenure target of at least 25,000 homes per year to be set to meet

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SCOTLAND’S FINANCE SECTOR AT CROSSROADS AMID CANDIDATE CRISIS

A massive shortfall of candidates and pressure to significantly increase salaries and perks makes grim reading for financial services sector businesses in Scotland, according to a new report. An exodus of international staff due to Brexit, Covid-related career changing and the climate crisis are the main factors which have caused huge employment gaps in certain

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FUNDING OFFERED TO HOUSING ASSOCIATION RESIDENTS FOR FUEL SUPPORT

Wellhouse Housing Association residents struggling with climbing energy and fuel costs have been offered access to £6,000 to help heat their homes this winter. The funding, gained via the Scottish Government’s Social Housing Fuel Support Fund which is managed and administered by the Scottish Federation of Housing Associations (SFHA), is available to any Wellhouse resident

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CHARTERED ACCOUNTANTS WARNS CONSTRUCTION SECTOR AGAINST UPCOMING CHALLENGES

Chartered Accountants Wylie & Bisset has warned the construction sector against a perfect storm of economic challenges putting pressure on their cash flow. Mark Mulholland, partner in the firm’s Business Advisory department, advised those smaller to medium sized construction firms that typically wait until projects are complete before raising an invoice review this practice in

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SCOTTISH SME’S WILL STRUGGLE TO MEET PAYROLL IN APRIL

More than one in five (22%) Scottish small to medium-sized enterprises (SMEs) will struggle to meet rising payroll costs in April, due to the incoming health and social care levy increase in National Insurance Contributions (NICs), as well as rising minimum wage rates. However, the SME Recovery Tracker from the Association of Chartered Certified Accountants (ACCA) and

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