A Dundee-based investment house with ambitious expansion plans has revealed it is currently sizing up two possible acquisitions.
Many firms have battened down the hatches during Covid-19, but Thorntons Investments believes that adding to its operations just now is important for a bright future.
Chief executive Stephen Webster said: “Our strategic ambition is to grow. In recent years, the impact of regulation has had a major impact on our cost base and we believe one way to mitigate those costs is to achieve the economies of scale which growth can bring.
“Organic growth is a challenge in such a competitive market and so we believe the answer to the growth conundrum is via acquisition.
“We are actively looking at two potential acquisitions in the east of Scotland, and we see this as a first step towards achieving our strategic ambitions.”
Thorntons Investments now has 32 staff, most of them in Dundee. There is also an office in Edinburgh and one employee south of the border.
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