Business

Scottish outdoor clothing manufacturer Keela has expanded its workforce by almost 33%, following a 43% surge in sales growth.

Michelle Elliot and Callum Carmichael, partners with FRP Advisory, have sold Dundee-based Bonar Yarns Limited, which went into administration in early April, to Newman Yarns Limited, a new business created for the purposes of the acquisition.

Ullapool-based hospitality business, J&R Group, has moved to tackle the region's affordable housing crisis by investing in low-rent accommodations for staff at their Seaforth establishment. With housing shortages impeding their ability to open their seafood restaurant, bar, and fish and chip sho

Link Group has secured a new £70 million funding package with Bank of Scotland. The agreement, which includes an existing £10.7m loan, puts in place a five-year Revolving Credit Facility (RCF) of £60m, providing flexibility and liquidity to Link Group to support its ongoing develop

Cairncross of Perth, a Scottish jeweller established in 1869, is set to close its doors by the end of July, resulting in the loss of seven jobs. The company, known for its high-end jewellery and watches, holds a unique position in the market as the sole licensed retailer of Scottish Freshwater Pearl

Aberdeen-based social enterprise Glencraft has expanded its board to six members, appointing Neil Skene and Ken Robertson as non-executive directors. The move follows the earlier appointments of Laura Bruce and Allan Clow in late 2022, as part of Glencraft's broader development strategy.

Pictured (L-R): Natasha Shaurek, director of product; Richard Mullan, CFO; Peter McMorow, AD; Wendy McDougall, CEO; Kai Murray, non-exec director; and Gordon Webb, director of growth; Foresight Group, a regional private equity and infrastructure investment manager, has invested £4 million in F

Aberdeen-based Aurora Energy Services has initiated its operations with the acquisition of R&M Engineering and Inverness Access Training Services (IATS), for an undisclosed sum, marking its entry into the international energy sector. With a goal of creating a £100 million turnover internat

Blair Nimmo and Alistair McAlinden from Interpath Advisory have been appointed joint provisional liquidators to Stewart & Shields Limited, a family-founded business that has been operating from Helensburgh for over 60 years, after the firm collapsed with the loss of 15 jobs.

Zakir Issa, a sibling of the billionaire Issa brothers who own Asda, has acquired the Bon Accord shopping centre in Aberdeen through EP Properties for a sum believed to be less than £10 million.

Scotmid Co-op has reported a solid financial performance despite a challenging year, with its trading profit amounting to £3 million, £2.7m down from the previous year.

Salus Technical, a process safety firm, reported a record year for business growth, with annual turnover increasing by over 50% to surpass £550,000. The company's success is partly due to recent contract wins, including a 250-person training course contract with Serica Energy and two more oil

R3, the insolvency and restructuring trade body, has launched a new free guide for directors and business owners in Scotland. The free resource, A guide to dealing with corporate financial distress, sets out the duties and responsibilities of company directors and the importance of meeting them, out

KPMG has launched its 10th annual search for the UK's most promising tech innovators. The competition, Tech Innovator in the UK 2023, has previously spotlighted companies such as What3Words, SafetoNet, FIDOTech, and 2022 winner HiiROC, who later triumphed in the global final at Web Summit.

Aberdeen-headquartered Wood Group's board has confirmed it is considering Apollo Global Management's fifth acquisition proposal for 240p per share, which was put forward earlier in the month.