Tor Ecosse Limited enters administration

Tor Ecosse Limited entered administration on 4th May 2018 with the appointment of Iain Fraser and Tom MacLennan, partners at specialist business advisory firm FRP Advisory LLP, as Joint Administrators. [adbutler zone_id='297765'] Tor Ecosse is a…

Renew Holdings to buy QTS Group for £80m

Renew Holdings plc, the Engineering Services Group is to acquire QTS Group Limited, a specialist independent rail contractor based in Scotland, for £80m . The Group also announced a placing to raise gross proceeds of…

Glasgow’s CarMoney expands financing activity into car leasing

CarMoney, the fast-growing Glasgow-based motor finance business which was launched in 2016, is set to expand its financing activity into car leasing as a result of entering into a partnership agreement with Fleet Alliance, the…

Allied Irish Bank appoints Edinburgh based head of manufacturing

Allied Irish Bank (GB) has appointed Edinburgh-based Brian Machray as its new head of manufacturing, following the announcement of its dedicated manufacturing fund earlier this year. Brian previously ran his own equity advisory firm and…

£650,000 boost for Entrepreneurial Scotland

New funding to support entrepreneurs has been announced by First Minister Nicola Sturgeon. The £650,000 investment into Entrepreneurial Scotland will help drive entrepreneurial networks so that budding entrepreneurs can use them to share ideas, experience…

Keith Brown

Scottish National Investment Bank ‘will receive £2 billion in capital over ten years’

The new Scottish National Investment Bank will receive £2 billion in capital over ten years, Economy Secretary Keith Brown has announced. Responding to the Implementation Plan drawn up by Benny Higgins and his Advisory Group…

Glasgow-based McPhee Mixers acquired by PE firm

Glasgow-based McPhee Bros (Blantyre) Limited which trades as McPhee Mixers has been acquired by Elaghmore Partners LLP, the UK-focused private equity firm for an undisclosed multi-million-pound sum. McPhee Mixers is a designer and manufacturer of truck-mounted concrete…

Barclays supports Craufurdland Estate with £500k package

Craufurdland Estate in Kilmarnock, has received funding from Barclays to help launch the Laird’s Table, a new restaurant set in the grounds of the 800-year old, family-owned Estate. The restaurant, set on a loch in…

New BrewDog CFO appointed to assist global expansion

Craft brewery, BrewDog, has appointed Jason Marshall to the newly created role of Chief Financial Officer. Jason brings a great wealth of experience to the role having served in the Coca-Cola system for 20 years.…

Clydesdale Bank owner makes Virgin Money takeover bid

The owner of the Clydesdale Bank, CYBG, has made an all-share £1.6 billion take over bid for Edinburgh based Virgin Money. The merger would create a six million personal and business customer ‘challenger’ bank according to CYBG…

MBO at Glasgow-based ICS Learn leads to Par Equity exit

Glasgow-based ICS Learn has completed a management buyout of the business from the current owners, Angus MacDonald and Par Equity who received a 75x return on their money in a little over five years. [adbutler…

£1.9m for ‘world-leading’ gene therapy research project

A Scottish company at the forefront of genetic medical research has been awarded a £1.9 grant to expand its programme of cell and gene therapy. Synpromics Ltd, based in Roslin, is pioneering research that could…

Bank of Scotland named property funder of the year

The Bank of Scotland’s Commercial Real Estate and SME Property teams were crowned Funder of the Year at the 2018 Scottish Property Awards last week. Last year, the teams completed several firsts for the Scottish…

High growth trend continues for fourth consecutive year at bid specialist

Bid and tender specialist, AM Bid, has reported revenue of over £285,000 for the first half of the company’s financial year, an increase of 22 percent on the same period last year. The company’s bid…

Six key senior promotions at Anderson Anderson & Brown

Anderson Anderson & Brown LLP (AAB), Chartered Accountants & Business Advisors, has announced the promotion of Callum Gray to Director, as well as the promotion of five members of their management team to Senior Manager…

Lomond Capital continues its acquisition trail

Edinburgh-based Lomond Capital, the rapidly expanding property group, has acquired SDL Group’s Birmingham residential lettings portfolio, which comprises 500 city centre properties, formerly the CP Bigwood residential lettings portfolio. This is the first city centre…

Granite City financial planner up for national award

Granite Financial Planning is a finalist in the Retirement Planner Awards 2018 for the category “Best Individual Pension Advice Firm of the Year’. Professional Adviser revealed the shortlists for its sister title Retirement Planner's 2018…

From left - Dr Dave Hughes, novosound co-founder and chief technical officer and Richard Cooper, co-founder and CEO

University of the West of Scotland’s first spinout raises £1.5 million

The first spinout company set to emerge from the University of the West of Scotland has closed its seed investment round, raising £1.5 million. novosound, the winner of the 2017 Converge Challenge, has developed and…

James Watt: When Dragon’s Den turned down BrewDog

Back in 2009, after BrewDog had been running successfully for two years, we applied to go on Dragon’s Den and pitch to the Dragons. We got through the initial application process and were selected for…

IoD Scotland calls for government action over late payments

A survey of company directors across the UK has found that almost half of businesses have suffered due to late payments in the last six months. The poll by the Institute of Directors showed that…

Bankruptcy numbers level off in Scotland

Provisional figures from Accountant in Bankruptcy (AiB), the Scottish government agency responsible for administering the process of personal bankruptcy and corporate insolvency, reveal 4,540 bankruptcy awards for the year 2017-18, down on the 4,562 awarded…

RSM appoints new managing partner for Edinburgh

Audit, tax and consulting firm RSM has appointed Ewan Grant as the new managing partner of its Edinburgh office. Ewan has been with the business for over 20 years. He is a prominent adviser in…

Kangaroo Self Storage makes £13m leap into England

Kangaroo Self Storage, a Scottish-based self storage business, has taken a significant step forward in its bold ambition for growth with an acquisition that triples the size of the business and extends its footprint into…

Boston Networks acquires South-East England based PEL Services

Boston Networks, the Glasgow-based life safety, security and integrated technologies business, has completed the acquisition of PEL Services Limited as it accelerates its ambitious plans for UK growth. The purchase of London-based PEL for an…

AAB targets £5m consulting revenue within 3 years

Anderson Anderson & Brown LLP (AAB), one of the UK’s leading independent firms of Chartered Accountants & Business Advisors, is targeting £5million consulting revenue within the next 3 years with the launch of a dedicated…