Duncan and Todd

Retail & E-commerce  •  Scotland  •  Growth

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.



Total BGF investment


Investment date

Dec 2013 – Mar 2018

Head office



Bob Brannan

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.

Four years later, 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