Perthshire dentist in £ 1million double buyout

HELLO and welcome to the AM Business Briefing, as Royal Dutch Shell has warned of an estimated £ 294million hit from Hurricane Ida in the Gulf of Mexico in the United States, and average house prices UK jumped around £ 4,400 in September, pushing it to a new high of £ 267,587, according to an index.

Property values ​​jumped 1.7% on a month-on-month basis and 7.4% on an annual basis, Halifax said.

Revolution Bars reported sales “well ahead” of expectations since restrictions were relaxed and the hotel company was able to reopen all of its locations.

Revolution operates 67 bars across the UK after closing six sites, with the loss of around 130 jobs, as part of a restructuring following the heavy impact of the pandemic last year.

Also today, two Scottish dentists are growing after major investment, the ‘in demand’ building stock has been handed over to the Highland Council by property developer Ark Estates, and Menzies has set new goals for women in management positions. direction.

Scottish dentist in £ 1million double buyout

A Perthshire dental practice founded by Scottish Young Dentist of the Year has invested £ 1.1million to buy two new businesses, expanding its portfolio to seven practices.

The Infinityblu Dental and Implant Clinic was founded in 2007 by Chris Barrowman in Pitlochry, Highland Perthshire.

However, following the acquisition of Duns Dental Practice and Callander Dental Practice, it is now present in three different areas, with an 8th practice also in preparation in the village of Killin near Loch Tay.

Despite the economic uncertainty caused by the pandemic, investments totaling £ 2.6million over the past 3 years mean Infinityblu is now caring for 30,000 NHS and private patients.

Ninety staff are employed or self-employed, and five new dentists are expected to join us in the next two months, “countering a national trend which has seen the UK dental employment market stagnate “.

Infinityblu now operates in Pitlochry, Dunkeld, Crieff, Auchterarder and Alyth in Perthshire, with Duns’ new firm giving it its top spot in the Scottish Borders.

The purchase of the Callander practice means that the brand is now also expanding into Stirlingshire; something that the planned opening of Killin in February 2022 will help increase.

Discussions are underway to increase the company’s presence in the borders with the aspiration to become the leading supplier of general dentistry, Invisalign, implants and specialty oral surgery.

“This is a really exciting time for the company and the staff,” said Chris, clinical director and owner, who still works across all practices, specializing in implant placement and implant mentorship overall. of the company.

“Our initial base was Perthshire, but we have always looked at other areas with similar demographics and populations; market-type cities with strong communities.

“The goal is to carry the brand and focus on personalized patient care, which has been at the heart of what we do, into these new areas and to replicate the service our patients desire.

“We have worked hard to grow and reinvest in the business at every turn, and we intend to continue on this path in a positive way. ”

While the company’s growth has primarily focused on buying and rebranding existing businesses, the move of the Killin practice will be the third time Infinityblu has “started from scratch.”

Around £ 250,000 is to be invested in the practice there, offering a whole new service to the local community.

Infinityblu also spent significant amounts of money moving, renovating and transforming its Auchterarder base from a single surgery to a three-surgery practice earlier this year.

“It’s been a busy time and we’ve also had a great recruiting drive,” Chris added.

“It’s fantastic to develop a great team within the company. ”

Meanwhile, a Glasgow-based dental company acquired its sixth dental practice with the aim of further expanding its footprint, with support from Bank of Scotland.

Smart Dental Holdings is managed by Clinical Director Dr Michael Tang and his business partner Dr Summon Ramzan. They have both worked in the field of dentistry for almost 20 years. The company was founded in 2014 and the associates have since worked hard to develop and grow the business.

“Indispensable” housing delivered in the city of the Highlands

The central Dingwall building stock was handed over to the Highland Council by property developer Ark Estates, who stressed the hope that the project will be a catalyst for further regeneration of the city.

The developer, led by Dingwall Academy alumnus Willie Gray, has delivered a development of 30 apartments and retail units on Highland Town’s main pedestrianized shopping street.

Menzies sets female management goals

Logistics specialist Menzies Aviation has set new goals for gender diversity as part of its broader drive to improve corporate sustainability.

Edinburgh-based Menzies employs 25,000 people providing ground, fuel and air cargo services to more than 200 airports in 37 countries, and has set new goals for women management.

Royal Bank owner pleads guilty to offenses against money laundering regulations

The owner of the Royal Bank of Scotland has pleaded guilty to three money laundering offenses.

NatWest Group said in a statement this morning that the three offenses were related to its failure to comply with 2007 money laundering regulations between November 7, 2013 and June 23, 2016, and between November 8, 2012 and November 23, 2016. June 2016.

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Robert Young

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