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Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 5 May 2021
  6. Current session: 12 May 2021 to 10 July 2025
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Displaying 1690 contributions

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Economy and Fair Work Committee [Draft]

Alexander Dennis

Meeting date: 26 June 2025

Michelle Thomson

I have a couple of wee questions. First, it seems as if you are saying that, even if you reach the magical number of orders, you still have to get them sold, fulfil orders and have demand sustained at the same level to make your profit margins work. Am I correct in saying that the issue is sustained demand?

Economy and Fair Work Committee [Draft]

Alexander Dennis

Meeting date: 26 June 2025

Michelle Thomson

You have baked that in.

Economy and Fair Work Committee [Draft]

Alexander Dennis

Meeting date: 26 June 2025

Michelle Thomson

You have again articulated the position as it has progressed over a number of years. We can see that, but it looks as if the trigger has been the refinancing by Alexander Dennis or the parent company. Typically, that will involve a forensic accountant looking under the covers at the historical data and saying, “Wait a minute—something needs to be done here.” Has that been the trigger?

Economy and Fair Work Committee [Draft]

Alexander Dennis

Meeting date: 26 June 2025

Michelle Thomson

NFI Group published the results of its refinancing plan in July 2023. Any normal refinancing plan would look under the covers of all elements of the business, so did that plan look at the process of the ultimate consolidation as a condition of the refinancing?

Economy and Fair Work Committee [Draft]

Alexander Dennis

Meeting date: 26 June 2025

Michelle Thomson

You mentioned, peripherally, engagement with the UK and the Scottish Governments. It would be useful for the committee to hear what that engagement has been, although I appreciate that there might be some things that you cannot share. With regard to the UK Government, the Department for Business and Trade has a separate section for distressed businesses. Have you had any engagement with it? If so, what has that involved, what has it offered and what is the current status? The same question applies to your engagement with the Scottish Government.

Economy and Fair Work Committee [Draft]

Alexander Dennis

Meeting date: 26 June 2025

Michelle Thomson

We have heard about various options being on the table. You would have heard the unions talking yesterday about the potential for a shorter-term furlough scheme. Have you gamed various scenarios in relation to what commitments you would give in return? I appreciate that there could be a variety of scenarios but I am trying to explore with you the extent to which you have thought that, if you are going to get X, you will give something back. Can you give me a flavour of what scenarios you have gamed?

Economy and Fair Work Committee [Draft]

Alexander Dennis

Meeting date: 26 June 2025

Michelle Thomson

Thank you. I am just checking—I had a wee list of questions. No, I think that I am done. Thank you, convener.

Economy and Fair Work Committee [Draft]

Alexander Dennis

Meeting date: 26 June 2025

Michelle Thomson

Okay. Thank you.

Economy and Fair Work Committee [Draft]

Alexander Dennis

Meeting date: 26 June 2025

Michelle Thomson

Given the business’s numbers and the financial flows that it has seen over the past few years—and well before Covid—it appears that there was a trigger for the action that is now being taken. We can see a pattern in the profit margins, but can you tell us what that trigger was?

Economy and Fair Work Committee [Draft]

Alexander Dennis

Meeting date: 26 June 2025

Michelle Thomson

Debbie, I think that you said that you have received £13 million from Scottish Enterprise and—correct me if I am wrong—that it is the first time that you have reneged on anything. What, if any, remedies are in place for Scottish Enterprise with regard to clawback?