Aberdonian entrepreneur Jim Shiach has sold oilfield services company Centrifuges Un-Limited to the family that previously owned supply chain giant Ferguson Group.
Think of an entrepreneur and it is likely a squillionaire comes to mind. The most recent Rich List highlights a number of those who have made their fortunes as entrepreneurs in the north of Scotland.
A nosedive in spending at cash-strapped oil and gas companies has inflicted an 82% drop in profits at Peterhead’s Score Group. Profits also took a tumble at Kintore-based Ferguson Group, which supplies offshore accommodation modules and containers for the international energy industry Score chairman Charles Ritchie said the global engineering firm had an “overhead structure” designed to cater for revenue streams in excess of £200million.