Month: August 2026

Around 410 staff are being retained while administrators seek a buyer for Strathmore Hotels, the East Kilbride-based group that collapsed on 11 August owning eight hotels, six of them in Scottish tourism towns. Interpath’s Alistair McAlinden and James Dewar took the appointment over Strathmore Hotels Limited, which had been under sustained creditor pressure for several […]

The number of Scottish companies entering formal insolvency fell to 83 in July, 28% fewer than in the same month of 2025, according to figures published on 18 August by the Insolvency Service. Creditors’ voluntary liquidations, where directors decide to wind a company up rather than wait for a creditor to force the issue, accounted […]

Kenoteq, the Scottish company behind a brick made almost entirely from construction waste, has taken in just under £900,000 as the first tranche of a £2m fundraise, and will spend it on production capacity. Kelvin Capital led. The Scottish Enterprise Co-Investment Fund also took part, as did several existing shareholders who increased their stakes. The […]

Dundee will have no scheduled air services from 24 October after Loganair confirmed it is closing its base at the airport and withdrawing from all three of its routes. Loganair is the only airline serving Dundee, so the withdrawal leaves the airport handling private flights alone unless a replacement operator is found. Unite said around […]

Ferguson Marine has opened formal consultation on up to 70 voluntary redundancies at its Port Glasgow yard, close to a quarter of a workforce of 283 that includes 34 apprentices. The state-owned shipyard, the last commercial yard on the Clyde, said the cuts reflect a workload gap as MV Glen Rosa nears delivery in the […]

Interocean Group has formed a joint venture with Baku-based Green Line Shipping to expand its operations in Azerbaijan and the wider Caspian region. The vehicle is being set up by Interocean Energy Services FZCO, an Interocean Group company, together with Green Line Shipping LLC in Baku. Interocean describes it as a strategic step in the […]