Cox & Co, the Edinburgh-based property and mortgage brokerage, has been acquired by Casa Group, a property group in the north of England.
The move sees Casa Group, which specialises in residential sales, lettings and property management, expand its presence into Scotland for the first time.
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John Cox, managing director of Cox & Co, assumes the role of managing director of Casa Group Scotland, spearheading the company’s growth plans north of the Border.
The name Cox & Co will remain unchanged, with operations continuing to be based at the firm’s Castle Terrace headquarters in the Scottish capital.
There will be no job losses as a result of the acquisition, Casa Group Scotland continuing to serve clients across Edinburgh, Glasgow and Scotland’s Central Belt, “ensuring seamless service and delivery of the group’s expertise to a wider network.”
Calum Paterson who co-founded Scottish Equity Partners in 2000, is relinquishing his post of managing partner, with his two successors in this role named, reports Ian McConnell.
Mr Paterson has, with effect from today, become chairman and senior partner of the growth equity investment firm.
Scottish Equity Partners noted that the firm has raised seven funds and managed investments in more than 160 businesses during Mr Paterson’s tenure.
Angus Conroy and Keith Davidson are being appointed as co-managing partners.
Scottish Equity Partners said: “Both have helped to shape the firm’s strategy over the last decade and been responsible for leading SEP’s investments in a significant number of software companies, including AutoRek, FundApps and Dotmatics.”
The Old Course Hotel in St Andrews narrowed its losses last year but net liabilities more than doubled to £9.1 million as the business increased borrowings from its American owner, reports Kristy Dorsey.
Latest accounts filed at Companies House on behalf of The Old Course Ltd, which also owns the Hamilton Grand Building overlooking the 18th green of the “the old lady” of golf, show a 9% increase in revenues to £30.8m during the 12 months to the end of December.
Directors attributed the improvement to better pricing strategies across all segments of the business.
But an operating profit of £1.5m was swallowed up by increased financing costs, taking the pre-tax loss to £890,000 versus a loss of £1.4m the previous year. After tax charges the loss for 2024 was £2.4m, down from £4.4m previously.
Roy MacGregor has outlined his hopes for a bright future for the Highlands economy as he unveiled a new brand identity and headquarters for his Global Energy Group, reports Scott Wright.
The renowned energy entrepreneur declared the Highlands are well-placed to take advantage of the huge investment planned to upgrade the region’s electricity transmission infrastructure and the continuing development of the onshore and offshore renewable industry.
But Mr MacGregor emphasised the importance of experienced oil and gas industry workers being able to transfer their skills to the renewables industry and the public and private sectors working in “unity” to attract investment to the area.
Mr MacGregor, who is the long-standing chairman of Ross County Football Club, was commenting as he announced a rebrand of his Global Energy Group, which he established nearly 20 years ago.