Business

The Federation of Small Businesses (FSB) in Scotland has voiced concerns over the dramatic scaling back of energy bill support for small businesses, announced yesterday by the UK Government. Andrew McRae, FSB Scotland policy chair, said: “Small businesses have been calling for some certainty o

In one of its first transactions of the year, law firm Harper Macleod has advised Connelly Group Holdings on its acquisition of Renfrewshire safety and security business Brookfield Alarms. Connelly Group Holdings – known by its Connelly Security Systems brand – was established in Bishopb

Law firm Pinsent Masons' Scottish corporate team looks back on 2022, having advised on deals worth billions of pounds in various sectors, and discuss the outlook for the year ahead. The stand-out deal in the last 12 months was Ithaca Energy’s £2.5 billion listing on the main London Stock

CFOs see bank borrowing and debt issuance as less attractive sources of finance now than at any time since the financial crisis, according to Deloitte’s UK CFO Survey, Q4 2022. As a result of this demand for credit is well below average levels and flagging with CFOs, with only 28% saying they

Despite challenging economic forecasts, the majority of Scottish businesses expect 2023 to be more successful than 2022, according to the latest Bank of Scotland survey.

Sixco Limited, the Glasgow-based group behind the Six by Nico restaurant network, has revealed improved turnover and profits, together with ambitious growth plans, as it bounces back from Covid restrictions. The group, which serves over 10,000 diners per week across 13 sites in the UK and Ireland, r

WL Gore and Associates, a Dundee-based company that manufactures cables for use in space, has reported profits of over £10 million for the fiscal year ending March 2022. The company, which is located at the Dundee Technology Park and also has a facility in Livingston, experienced strong growth

Edinburgh-based investment syndicate Archangels invested a total of £13.4 million in 11 early-stage tech and life science companies in Scotland in 2022. The total investment for 2022 among 11 businesses marks a 14% increase on Archangels’ investment activity in 2021 (11.8m).

Highlands and Islands Enterprise (HIE) has approved more than £1.9 million in investments across Argyll and the Islands in the first half of the 2022 financial year. Between 1 April and 30 September, Arran Aromatics was awarded up to £80,226 for the development of a new filling line. Mor

Glasgow-headquartered Wholesale Domestic has consolidated its business resources after securing a £4.2 million loan from Barclays and is set for investment and growth in 2023 alongside the firm's 60th anniversary. The third-generation family business is a bathroom retailer and in addition

A South Uist smokehouse has received £170,000 in support from the Bank of Scotland to expanding its footprint and introducing new products. Salar Smokehouse, a producer of smoked salmon and trout, opened on the Isle of Benbecula in South Uist in 1997.

Ultrasound sensor specialist Novosound has signed a commercial partnership agreement with PAVmed Inc, the Nasdaq-listed diversified medical technology company, to develop technology aimed at advancing intravascular imaging. The PAVmed agreement furthers Novosound’s move into healthcare, and it

Fleet vehicle graphics firm, OPG, has successfully completed a multi-million management buy-out (MBO) deal thanks to a six-figure funding package from UKSE, alongside input from private investors. Allan Hamilton has been appointed as managing director, taking the reins from Owen Pilling who formed t

Empteezy Group, a Livingston-headquartered designer, manufacturer and distributor of industrial safety products and solutions, has been acquired in a management buy-out. The management buy-out has been led by Empteezy CEO David Byrne and CFO Jon Hazlewood. The team will be further bolstered by the i

Anderson Strathern has reported its most successful year ever for investment deals. The corporate investment team, led by Euan Tripp, advises some of Scotland’s most active investors – spanning private equity funds, institutional investors, angel syndicates, family offices and high net w