Category: 2017

DC Consulting assisted DB Group in securing a Regional Selective Assistance grant of £150,000 for DB Group, a business utility management firm looking to create up to 15 new jobs at the Linlithgow premises. The firm are looking to increase their customer base across the various sectors in which the operate. In order to achieve their UK growth ambitions, the company has a need to invest in their team and the grant funding secured will also assist them with purchasing their existing premises, representing a significant investment that secures the long term future of the company.

The Dundee-based software company aims to at least double its customer base again in the coming year as it opens its first overseas office in the US.

Scottish software firm Kumulos is aiming to double its business for the second year running as it opens its first office in its biggest export market of the United States. The Dundee-based company, whose management platform is used by mobile app developers around the world, is establishing a physical presence in Raleigh, North Carolina. Kumulos chief executive Mark Petrie said the decision follows a successful year for the company, which also recently completed a second-stage funding round raising a six-figure investment. “We are just off the back of a strong 12-month period,” he said. “We have doubled our customer base, and our monthly recurring revenues are up by 335 per cent. Our plan going forward is to repeat that in the coming year.”

About 40 per cent of Kumulos’ customers are based in North America, with others in a further 25 countries. Examples of some of its users include NS804 of Virgina, Princeton Digital in Sydney, Australia and Colombia’s Nativapps.

DC Consulting’s specialist tax term were delighted to assist a long established client with regard all aspects of setting up their EMI Option Scheme, which will play an instrumental part in the company’s continued growth.

Following on from a successful VCT investment in May 2012, Castle Leisure Group undertook a re-finance in August 2017 to secure the Exit of Venture Capitalist, Downing LLP from the current structure. This will enable the management team of Castle Leisure Group to drive value in the business over the medium term.

WooHa Brewing was set up in 2015 by Heather McDonald with the launch of its lager and porter. That was followed soon thereafter by a wheat beer and IPA. The two-year-old Moray firm has set its sights on expansion in the UK and abroad, which will be aided by this investment round of circa £0.75m.

WooHa Brewing has set up a new base at a site in Kinloss as it expands to meet growing demand for its beer from international markets. The move has already created four new jobs at WooHa Brewing. The 6.2 acre site which will become home to a new brewery, and was purchased with the aid of a £133,300 grant from Highlands and Islands Enterprise (HIE).

Having reached production capacity at its previous site at Balmakeith Industrial Estate in Nairn, the new brewery will expand production capacity five-fold.

“HIE has been instrumental in our growth plans,” said McDonald, whose company has also received assistance in attending foreign trade shows and adapting its packaging for markets abroad.

DC Consulting were delighted to assist with the successful exit of a Precision Engineering Business. This transaction involved the identification of potential acquirers, negotiation with the preferred bidder then the project management of the disposal process through to a successful conclusion.

A biotechnology company focused on using the body’s own micro-organisms to prevent and treat disease has raised £500,000 in funding. The financing into Aberdeen-based EnteroBiotix was led by Equity Gap and supported by the Scottish Investment Bank, the investment arm of Scottish Enterprise. The cash injection will be used to further develop the company’s product pipeline and grow its manufacturing and research team.

The seed round includes £100,000 in non-dilutive funding from a Smart Scotland feasibility grant to allow the company to develop entirely anaerobic – oxygen free – collection and processing capabilities. James McIlroy, a final year medical student at the University of Aberdeen and chief executive at EnteroBiotix, said: “This investment and grant funding will be pivotal in furthering the objectives of EnteroBiotix as we develop the first orally available products for faecal microbiota transplantation in Europe. “We are excited to work with Equity Gap and Scottish Enterprise as we build EnteroBiotix into a dominant player this fast-moving field of science and medicine.”

Development funding of £250,000 secured from Bank of Scotland as cornerstone funding for a seven-figure development funding package for an exciting new residential development project.

Multi-option facility of £2,500,000 for working capital purposes including performance bond facility secured from Bank of Scotland.

Total funding package of £710,000 for working capital purposes including a £400,000 construction finance package secured from Bibby Financial Services Limited.