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Duncan and Todd

Independent chain of opticians

Company overview

Duncan and Todd owns and operates a chain of opticians in Scotland, with shops stretching from Fife to the Highlands. The business also manufactures its own lenses at its laboratory in North East Scotland.

During BGF’s investment, Duncan and Todd acquired two independent opticians, increased their manufacturing capacity following a £1.3m refurbishment, and grew its revenue to £16m.

The business made a successful exit to private equity investor LDC in 2018.

With BGF’s support we made significant progress over the past five years and reached a pivotal point in our growth journey.

Frances Russell​, CEO

Company information

Head office
  • Aberdeen
  • Frances Rus
  • Bob Brannan
BGF office
BGF team
Investment date
  • Dec 2013 – Mar 2018
Total BGF investment
  • £9.1 million