97
| £000 | ||
| Glycogen Limited | Scottish Enterprise first invested in GlycoGen in 2018. The company was focused on the research, development and commercialisation of anti-glycan antibodies, targeting applications in oncology. In the absence of further investment from its other existing investors and inability to secure funding from new investors, the company was unable to continue leading to applying for voluntary strike off and being dissolved in January 2026. | 397 |
|---|---|---|
| Greengage Agritech Limited | The company was focused on the development of agriculture sensor systems including heating and lighting. The company failed to gain sufficient commercial traction to attract additional investment from existing shareholders and It entered voluntary liquidation in April 2025. | 2,481 |
| iMETAFILM Limited | iMetaFilm Limited provided digitisation and archiving solutions for media industry with Scottish Enterprise first investing in 2015. The company failed to generate significant revenue and after exploring all options, the decision was taken to wind the business up and the company was dissolved in February 2026. | 482 |
| Lending Crowd Finance Limited | Lending Crowd Finance, an SPV of Edinburgh Alternative Finance Limited, provided loans to 195 SMEs, supporting their growth ambitions. Scottish Enterprise provided £3.75m of junior debt to unlock a funding package allowing for a £21.4m supply of capital to be lent to these SMEs. Covid impacted the recoverability of these loans and in order for LCF to maintain a solvent balance sheet, Scottish Enterprise has written off an element of the outstanding capital and resulting interest. Scottish Enterprise has already received more than the capital lent by it to LCF, and provisions are in place to facilitate future recovery of this written-off balance should a surplus arise in the amount recovered from the underlying loans. | 524 |
| Low Emissions Resources Global Limited | Scottish Enterprise supported Low Emissions Resources Global Limited through a R&D grant to undertake research and development into prototype solid oxide electrolyser for hydrogen. The company entered liquidation in March 2023 and was dissolved in March 2026 after a final dividend of £41k payable to Scottish Enterprise. | 536 |
| M Squared Technologies Group Limited | Scottish Enterprise provided £300,000 of equity funding to support the development of photonics and quantum technology. The business did not secure sufficient revenue to continue trading with shareholders unwilling to provide further funding, leading to a liquidator subsequently being appointed. | 300 |