In the last twelve months Murray Capital Group Limited, founded 40 years ago by Sir David Murray who is now the chairman, has improved its turnover and gone into profit after a loss reported in 2016.
The firm has increased turnover to £73.4 million and net cash is up from £9.2 million to £10.6 million.
Mr David D. Murray, managing director of Murray Capital Group, commented: “It was a solid year for Murray Capital, with turnover, profit, and shareholder funds all increasing. We are a long term family investment company so value is released in significant events and deals that can take many years to develop. In that regard, the immediate priorities for the business are our sites in West Edinburgh – the Edinburgh Garden District and the International Business Gateway.
“The West of Edinburgh is a strategically important development area for the whole Scottish economy given the importance of the city, the airport, the university, and the pressing need for quality homes. We are working with partners to secure support for a very significant investment in housing, commercial property, and civic amenity and enhancement.
“As a family company we think and invest for the long-term. Our investments are concentrated in Scotland, but we also have interests in the rest of the UK, France and internationally. We are confident in our ability to secure returns on our investments and see ourselves as a partner to all those ready to grow the Scottish economy sustainably in a time of challenging market conditions for many.” The company’s interests include property, steel stockholding, wine-making and distribution along with an investment portfolio of other businesses both quoted and unquoted.
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