Specialist printer Bell & Bain of Thornliebank, Glasgow, has been bought by its management team from current owners Prime Active Capital plc (PAC) of Dublin for a sum in excess of £2 million.

Paul Thompson (42) has joined Scott-Moncrieff as a Business Advisory partner, adding further commercial experience to the firm following his eight years at Glasgow-based Lift Maintenance Limited, with whom he was General Manager.

Scott-Moncrieff, one of Scotland's leading independent accountancy and professional services firms, has reported steady growth for the financial year 2007-08, with overall revenues of £13.1 million, up 4% from £12.6m for the previous 12 months. The firm has experienced continued growth in all principal disciplines and will make an announcement about further expansion of its Wealth Management Services in the near future.

Capital gains tax opportunity

It will still be possible to benefit from the CGT indexation allowance on a disposal after 6 April 2008 by transferring assets before 5 April 2008 between husband and wife or between civil partners at no gain or loss, and therefore at no cost , according to Paul Renz, Tax partner at local accountants, Scott-Moncrieff.