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Scottish firms pessimistic for future

Category: Scottish Economy — Gary Cain on January 30, 2013

A new survey by the Scottish Chambers of Commerce (SCC) has indicated that the economy continued to perform weakly in the final quarter of 2012.

Presenting an even bleaker picture, Scottish companies also expect improvements to be limited in the first quarter of 2013.

The SCC called for more work by both the UK national and Holyrood Governments to address the issue and put greater focus on breaking down barriers. Improving access to commercial finance in Scotland is an area which could be debated.

There were some signs of improvement, but Garry Clark, the head of policy at the Chambers, said:

“Whilst there have been marginal improvements in performance and outlook for a number of businesses across the manufacturing and construction sectors, this is against a background of poor expectations at the end of summer 2012. In most cases, expectations are little or no better than they were a year ago.”

The results of the survey show that finding adequate access to workable funding is important.

This is as true for those growing businesses as it is to those looking to sustain it, with alternative methods being increasingly sought, often with the help of an invoice finance broker.

In a separate report, CBI Scotland also found that Scottish manufacturing saw a slump in orders as the New Year dawned. Domestic orders were affected for the seventh quarter in a row, whilst exports saw their first fall in three years.

However, the report did also indicate that growth could be seen in Q1 of the year.

Businesses celebrate government grants

Category: Scottish Investment — Paul Morgan on January 28, 2013

A number of businesses working in the food and drinks sector in Scotland have been awarded grants by the Scottish government. The grants are (more…)

Christmas boosts Scottish retail fortunes

Category: Scottish Economy — Mark on January 26, 2013

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Glasgow’s ‘industrial cathedral’ to host 2015 Turner Prize

Category: Scotland Success Stories — Gary Cain on January 24, 2013

The annual Turner Prize ceremony is coming to Scotland for the first time, after the Tate announced that (more…)

Scottish print company exits liquidation

Category: Scotland Business News — Paul Morgan on January 22, 2013

In the week that 91-year-old music and film retailer HMV entered administration, there was better news for (more…)

Shipwreck could spark growth in Scottish tourism for 2013

Category: Scottish Economy — Mark on January 20, 2013

A shipwreck off the coast of Fraserburgh could soon become Scotland’s next big tourist attraction, after it (more…)

Tourist body hoping for brave recovery from poor 2012

Category: Scottish Economy — Gary Cain on January 18, 2013

Official figures have revealed that the number of tourists visiting Scotland last summer slumped, with the weather and (more…)

Scottish prosthetics firm enjoys successful 2012

Category: Scotland Success Stories — Paul Morgan on January 16, 2013

A Scottish prosthetic limb firm has announced record sales throughout 2012. The success should allow the company to push ahead with expansion plans and new product ideas.

Livingstone-based Touch Bionics, a spin-off firm of the National Health Service, has posted annual sales for the year of £10 million. This represents a revenue increase of 17 per cent since 2011, and has been largely helped by the successes of its new products.

A notable launch in the year was Touch’s ‘i-limb ultra’ prosthetic hand.

Talking about the results, the firm’s CEO Ian Stevens said:

“We are pleased with our performance in 2012 and are looking forward to continuing our growth in 2013, when we plan to announce further exciting product developments.”

The timing of the sales figures announcement was also planned to coincide with the launch of a new production facility for the company in New York. Stevens continued:

“The addition of new manufacturing facilities and expansion of our training capabilities mean that we are ideally positioned to reach new levels in the year ahead.”

The New York facility will be the foremost base for its ‘livingskin’ range of products, and will support existing operations in the area.

With the success of the UK’s recent sporting events, greater numbers of amputees are seeking more functional prostheses. Though the sporting arena has been a natural draw, people have also been encouraged to seek better day-to-day products.

This greater awareness can only help businesses like Touch which, with the right strategies for commercial finance in Scotland, can look to a bright future.

Touch Bionics receives funding from Archangel Informal Investment and Scottish Enterprise.

Hotel chain works hard to increase profits

Category: Scotland Business News — Mark on January 14, 2013

Macdonald Hotels, which operates 45 hotels throughout the whole of the UK, saw its turnover increase by two per cent, amounting to (more…)

Salmon industry redundancies set to leap forward

Category: Scotland Business News — Gary Cain on January 12, 2013

A Scottish farmed salmon company has announced it expects to make significant job cuts through the course of 2013, as market conditions continue to (more…)

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