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Christmas and New Year, 19th December 2011 - Click for larger version Christmas and New Year, 19th December 2011

As we approach the Christmas and New Year festivities and look back on another tough year for people, business and communities in Scotland, we thought we would shine a little light in the gloom, and highlight some exciting things we have been working on in the last few months.

- In October, we advised Glasgow based medical services company Merlin Healthcare in entering a multi million pounds agreement with Chinese manufacturing and export business Shanghai Everblossom International Trading Company. The deal, (which followed an introduction by the China British Business Counsel) will allow for the establishment of a purpose built manufacturing facility in China for the production of Merlin's new range of sharps bins and clinical waste containers. Managing Director David Kent said "this agreement is a culmination of twelve months research, development and commercial negotiations. It gives Merlin a significant production base, through which we can offer environmentally sustainable, cutting edge products and true value for money. We are creating jobs in the local area (in operations, sales, administration and distribution) which is something we are very much focused on doing".

- In November, we advised ROX the jewellers on the appointment of HSBC plc as its sole banking partner, as the company eyes future expansion in domestic and international markets. The company, which was founded in 2002 with a store in Glasgow's Argyll Arcade, has grown into a multi channel retail business with an annual turnover of £10 million and was recently named Independent Jeweller of the Year and Scottish Retailer of the Year at the Scottish Fashion Awards 2011. As co-owner Grant Mitchell said "We took a real risk investing £1m in our Argyll Arcade store, particularly when you consider that we are surrounded by 30 other jewellers, however it has paid off and both sales and footfall have increased". We are delighted to have advised ROX on a number of matters throughout the year, as the company continues to present sparkling products and results in an otherwise challenging Scottish retail landscape.

- Finally, in December we acted on behalf of the management team in the buyout of East Kilbride shopfitter Nabco. Nabco's Managing Director Jim Millar and director Alex Perrie bought out the owner of the holding company, based in St Albans. The business has a turnover of £2.5 million per year and specialises in the food sector, convenience stores and garden centres with customers including Scotmid, Bookers, Klondyke Strikes garden centres, Arcadia Group and Semi-Chem. Mr Millar commented that "We have always been ambitious for the business and felt that it could expand with the right investment knowledge and experience of the market place. I think we have a well established business with a strong client base and the MBO will allow us to expand a range of products and develop markets".

And so, following bright stars such as these, we look ahead to Christmas and the New Year.

We take this opportunity to thank each of our friends, clients, and contacts for your continued support of the firm and the team here at Macdonald Henderson.

We look forward to working with you, as we face whatever challenges lie ahead in 2012.

Have a Happy and Peaceful Christmas.

Kind regards

David B Beveridge

Managing Director.


Our offices will close from midday on Friday 23rd December 2011 and reopen at 9am on Wednesday, 4th January 2012.

Last updated: 3.36pm, Monday 30th April 2012

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