Historic Fife textiles firm defies global turmoil with 24% sales surge

Founded in 1864 as a linen works, the employee-owned company has evolved into a specialist in advanced technical textiles and high-performance materials. These days, its products are used across a range of global industries including agriculture and automotive.

Accounts for the year ending December 31, 2025 reveal sales of more than £21 million, up about 24 per cent from £17m the previous year, with net profit reaching £2.34m. Cash balances at the Tayport-based company rose from £2.72m to £3.05m, while net assets increased from £7.08m to £8.82m, according to the latest accounts.

During the year, £780,000 was reinvested back into the business to improve efficiency, support product development and position it for continued growth.

International markets remain key, with 94 per cent of sales exported. The business reported strong growth across all major regions, including a 35.6 per cent increase in North America, 20.8 per cent growth in Europe and a 33.6 per cent rise across the UK and Scotland.

Employee numbers have grown over the year, with further recruitment across production, commercial and engineering teams, bringing the headcount to 105.

Chief executive Michelle Quadrelli said: “The year was characterised by continued market uncertainty, inflationary pressures and evolving customer demand across our global markets. Against this backdrop, we have delivered a strong financial performance, reflecting growth in international markets, targeted investment and the ongoing commitment of our employee shareholders.

“Our increase in sales is driven primarily by growth in international markets, particularly North America, alongside continued diversification across sectors and applications.”

She added: “Scott & Fyfe continue to operate in highly competitive international markets where sustained investment is required in technology, product development, quality, product performance, operational capability and service levels.

“During the year, progress in technical textile solutions and advanced materials supported growth in key regions while helping mitigate volatility in certain end markets. The board remains focused on strengthening execution across the business, ensuring that investment decisions are aligned to long‑term value creation and improved operational performance.”