The Shetland space port owned by Scotland's richest man has reported a £5.4million loss.
Accounts filed by Shetland Space Centre, which operates the SaxaVord site, show turnover climbed nearly 32% to £2.5million in 2024.
However, documents lodged at Companies House show a pre-tax loss of £5.4million, up from £5.1million the previous year.
SaxaVord forms part of the business empire of Danish billionaire Anders Holch Povlsen, one of Scotland’s largest landowners.
The spaceport is based at a former RAF site on the island of Unst in Shetland.
Directors have ambitions for it to become the first UK site to launch a rocket into orbit, although timelines for an initial launch have been repeatedly delayed.
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The UK's flagship share index, the FTSE 100, was up 130 points at 10,641 shortly after opening this morning.
Brent crude oil futures were at $97.01 a barrel.
Companies reporting
- Foresight Group Holdings - Full Year Results
- Melten Energy & Metals - Full Year Results