Business

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.

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. An unsolicited approach is when a buyer such as a larg

Scotgold Resources, the owner and operator of Scotland's sole gold mine, faces an uncertain future as the company suspends share trading amid financial woes.

Knight Property Group has secured a significant deal at its £20 million landmark green office building in Edinburgh Park, with Lumacron Technology having moved its headquarters to 4-5 Lochside Avenue, in Edinburgh Park.

UMi Debt Finance has received an additional £4 million funding injection to continue its support for Scotland's small & medium enterprises (SMEs) sector.

Four firms from Tayside and Fife have won a share of over £400,000 in funding to use in development of projects using 5G technology. The Tay5G challenge fund is a collaborative initiative under the Tay Cities Region Deal, in partnership with the Scotland 5G Centre and industry stakeholders.

Scottish scaleup Krucial, which utilises space technology to provide digital solutions, has secured further funding of more than $3.7 million (£3m) as it continues to expand into international markets. The investment was led by existing investor the Scottish National Investment Bank, joined by

Scottish hospitality tech startup Stampede has reported strong growth over the last 12-18 months as its headcount has risen to 17 and has secured key contracts with businesses such as The Kitchin Group, Best Western Hotels, and Park Row in London. Julie Grieve, founder and CEO of Criton, has al

Glasgow-based medical start-up Microplate Dx has successfully closed a £2.5 million seed funding round to accelerate the development of its point-of-care diagnostic platform. The technology aims to combat antimicrobial resistance (AMR) by quickly identifying the most effective antibiotics for

Mackie's of Scotland has scooped up a 37% increase in export sales for its luxury ice cream during the last financial year. The family-run business saw its highest ever international sales in 2022/23 with export revenue hitting £2.8 million, up from £2.05m in 2021/22.

The Royal Bank of Scotland's latest PMI survey recorded almost no change in business activity across Scotland's private sector for August 2023. The Scotland Business Activity Index slipped from 51.1 in July to an exact 50.0, ending six months of growth. In addition to this, new orders across both th

Dundee-based investment portfolio Ruby Capital, founded earlier this year by entrepreneur Tony Banks, has injected £350,000 into the Scottish Bloody Mary mixer brand, Tongue in Peat.

Edinburgh-based soft drinks firm Bon Accord has secured a new supply deal with Sainsbury's.

Livingston-based prosthetic technology specialist, Össur, has secured a £400,000 research and development grant from Scottish Enterprise, as part of a £2 million project aimed at advancing upper limb prosthetic technologies. The funding will primarily support the development of part

Scottish independent pharmacy chain Davidsons Chemists has revealed its plans for five new branches acquired from Lloyds in a seven-figure deal supported by Thorntons. The business now owns 56 pharmacies including the five new acquisitions. Two are located in Dundee, and one each in Kirriemuir, Mont