A new report has revealed that record numbers of Scottish businesses are reporting turnover above £300m.

Scotland's top 100 privately-owned companies generated a combined turnover of £40bn, employing 146,000 people across the country, according to research from Grant Thornton.

During 2025 so far, 29 Scottish-based companies reported turnover above £300m - the highest since the report’s inception in 2014. Only 21 companies reported earnings before tax below £10m.

This year also saw a record 41 acquisitions by companies in the top 100 - again, the highest since the report began - with the manufacturing and engineering sector leading the way, with 20 deals from just nine companies. Centurion Group topped the list with five acquisitions, followed by Aggreko with four.

The west of Scotland

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