Mactaggart Scott (Holdings) Limited

The principal activity of the company continued to be that of an investment holding company. The principal activity of the Group’s major subsidiary, MacTaggart Scott & Company Limited, during the year continued to be the design, manufacture, installation and support of hydraulic, electro-hydraulic and mechanical handling equipment for the Naval Defence Industry in both home and export defence markets. The principal activities of one of the group’s other subsidiaries, MacScott Bond Limited, during the year continued to be those of hydraulic and control systems engineering covering the design, manufacture, installation and hire of hydraulic equipment and systems for the commercial and offshore markets. This subsidiary also acts as distributor s for a number of manufacturers. The principal activity of the only other trading subsidiary, MacTaggart Scott Australia PTY Limited, during the year continued to be the provision of engineering solutions to the naval, defence and marine industries.