Glasgow restaurants: Shockwaves as restaurant hotspot goes bust

The surprise closure sparked a wave of support for the team behind Brian Maule at Chardon d’Or when administrators were appointed.

The company operated its last restaurant operation on July 22 and subsequently ceased trading, prompting the directors to seek the appointment of administrators.

Interpath Advisory’s Blair Nimmo and Alistair McAlinden were appointed joint administrators of Le Chardon d’Or Limited on 27 July. (Image: Newsquest)

Administrators said that “Chardon d’Or, like many hotel companies, has struggled hard in recent times against unrelenting economic and trade headwinds”.

Interpath Advisory said: “Soaring food and energy costs, the suspension of business tax relief, declining footfall in inner cities and consumer confidence impacted by the cost of living crisis were adversely impacting cash flow and trading performance.”

Energy giant secures permit for £500m Scottish hydroelectric power station

Drax this week received formal Scottish Government approval for its plan to build a £500million underground pumped storage power station in Argyll.

It said a final investment decision has yet to be made, with development ultimately dependent on the UK government providing an “updated financial stabilization mechanism”. (Image: Drax)

The energy giant said the development permit granted by ministers through Section 36 of the Electricity Act 1989 was an “important milestone” in its bid to develop the first new power station of its kind in a generation. His long-standing plan is to build a 600-megawatt hydroelectric power station adjacent to Drax’s existing Cruachan Hollow Mountain facility in Argyll, which the company acquired in 2019 in a £702m deal for a portfolio of power generation assets from ScottishPower has.

Scottish drinks maker aims to grow Gorbal

Craft soft drinks maker Rapscallion Soda has increased capacity at its manufacturing site in Glasgow’s Gorbals after securing fresh capital backing from Scottish business veterans Jamie Matheson, Robert Wiseman and Hamish Grossart.

The company said it has “built a nationwide fan base and a proud reputation for producing premium soda pop using the very best fresh produce to deliver plant-based, ultra-low sugar non-alcoholic beverages with a modern twist.” (Image: Rapscallion)

Rapscallion, which has also been supported by business development agency Scottish Enterprise, Glasgow City Council and Business Gateway, stressed its export ambitions. The company’s story began in 2016 when founder Gregor Leckie pondered the question, “Why don’t commercial sodas contain real lemon?”.