Business

Despite a decline in profits due to increased energy costs, iomart Group has said it expects to report record revenues of £115 million in its June full-year financial results. In its latest trading update, the Scottish cloud computing firm estimated adjusted EBITDA to be at £36.2m, and a

Ocean Kinetics, a Scottish engineering firm celebrating its 30th anniversary this year, has secured several new contracts and plans to recruit apprentices, trainees, and skilled tradespeople in 2023. With offices in Lerwick, Aberdeen and Oban, the company provides engineering services to the marine,

EQ Accountants has supported Surface Heating Systems Ltd (SHS) with a vendor-initiated management buyout (VIMBO), allowing the owners to release some value from their business and put a robust succession plan in place. Founded in 1997 by directors Mick & Helen Cummings and Andrea Blyth, SHS

A Scottish agritech firm specialising in the next generation of green insecticides has secured a further round of investment totalling £4 million to scale up the development of its nature-inspired pesticides. Investment in SOLASTA Bio's pre-Series A funding round was led by Yield Lab Europe. O

Scottish-based plant hire company, Morris Leslie Plant Hire has acquired Harborough Hire Centre based in Market Harborough, Leicestershire. The sale, which was concluded on Friday, 31st of March for an undisclosed sum, sees Morris Leslie Plant Hire increase its UK wide depot network to 15, providing

Dunedin Advisory has to been announced as the first place winners on the Business Gateway Specialist Advisory Services framework (previously known as Expert Help).

A continuing surge in contracts within the booming Scotch whisky industry has led specialist process engineers and sustainability experts, Briggs of Burton, to open a new Scottish hub. Since 2010, when Briggs of Burton completed its first Scottish project with Loch Lomond Distillery, the company has

Scotland's Social Print and Copy (SP&C) secured £250,000 in funding from Social Investment Scotland (SIS) to drive job creation and business growth. The Edinburgh-based social enterprise plans to triple its workforce within two years as it expands nationally. The funding will support SP&am

The Scottish National Investment Bank has invested a further £20 million to help connect 100,000 rural homes to ultrafast fibre broadband. The bank originally provided cornerstone funding of £20m to Lothian Broadband Networks (LBN) in 2021. LBN will use the additional funding to complete

DM Hall has acquired a long established Edinburgh architectural reporting business, AWA, for an undisclosed sum. AWA offers an architectural reporting service that gives solicitors and home owners peace of mind when alterations have been carried out without consent, either confirming that no consent

CarMoney, a finance solutions provider for car buyers and part of Scotland's Peter Vardy Group, has launched its first international branch in Perth, Western Australia. The launch coincides with the 100th year of the Vardy family's presence in the UK automotive industry and follows a 200% annual ris

Glasgow-headquartered digital pharmacy Phlo Technologies has acquired of the UK arm of US-based healthcare unicorn Truepill for an undisclosed sum. The acquisition bolsters Phlo's position in B2B pharmacy services in the UK, where the market is on a strong post-pandemic upward trajectory, and includ

Scottish technology firm Bioliberty has secured £2.2 million in funding to develop a unique soft robotic glove which can restore upper limb mobility in patients following a stroke. The funding round was led by business angel investment syndicate Archangels, with participation from Eos Adv

Scottish law firm Anderson Strathern's corporate investment team has reported a record first quarter in 2023, with a 58.8% increase in client investments compared to the same period in 2022. The number of deals completed more than tripled, partly due to increased instructions from existing and new c

Sir Alex Ferguson's personal company, ACF (Alexander Chapman Ferguson) Sports Promotions, increased in value to nearly £23 million last year.