Skip to content Go to accessibility help
We use cookies to keep our websites easy to use and relevant to our users’ requirements and to enable us to learn which advertisements bring users to our website. Select Accept below if you wish to proceed or How to change your cookies for instructions on how to manage your cookie settings. Find out more about our Cookie Policy.

Leading night vision specialist eyes growth with Clydesdale Bank support

< back to all business news articles

Scott Country International, one of the UK’s leading specialists in night vision and thermal imaging equipment based in Castle Douglas, Scotland, has secured a funding deal with Clydesdale Bank that will provide vital support for the business as it looks to expand its operations.

The new agreement between the Bank and the specialist SME will extend the company’s overdraft, making more working capital readily available for Scott Country to build a brand new wholesale distribution arm, without having to compromise on its highly lucrative retail business.

A true success story:

Scott Country began trading in its niche industry in August 2000 and has since grown at a rapid clip, with large leaps forward in turnover and revenue growth over the past 18 years. Besides its aforementioned specialities, it also sells premium quality apparel for hunters, advanced wildlife cameras and more. The business has proven to be popular with consumers, with annual sales turnover now estimated to reach or exceed £4 million by the end of this year.

Looking ahead:

Explaining the benefits of the deal for the company in more detail, Cowan Scott, Director of Scott County International said: “Clydesdale Bank have been instrumental in facilitating growth in both areas (retail and wholesale) by increasing our available working capital. This new funding option has allowed us to considerably shorten the time frame for business development. From a retail perspective we are now in a position to strengthen our hold over the market while broadening our product portfolio, thus spreading risk.”

New stock and new staff:

“We are now also able to invest in more stock imported from the USA to service demand from an increasing number of UK and Irish retail outlets. Our vision is clear - our goal is to grow both sides of the business in the years ahead, which will inevitably lead to a higher number of staff being recruited within the next 2 years.”

He added: “In 2013 Clydesdale Bank recognised our potential when it first decided to support our expansion to move into new commercial premises. In doing so, Scott Country was better equipped to establish itself as a major player in a highly specialist niche industry.”

Alan Goodwin, Commercial Relationship Manager at Clydesdale Bank, who has worked closely with the business, said: “It has been a pleasure being able to assist such a forward thinking and progressive company towards their growth aspirations. I look forward to watching Scott Country continue to succeed in its industry into the future.”

POSTED IN: 2018

SHARE

Related Articles

You are here:  Business Banking  >  Business News  >  Articles