Private Equity


Badenoch’s first investment in April 2014 was in Cashmaster International, a technology company based in Fife which designs and manufactures count-by-weight cash counting devices. The machines accurately and efficiently count notes, coins and vouchers in multi-currencies. The integrated printer allows businesses to print till counts instantly and reconcile accounts, and the devices are capable of full integration into wider cash management solutions.

Cashmaster’s clients include blue-chip retailers and quick service restaurants.

80% of revenues is derived from exports which ties in with Badenoch’s investment philosophy of MISSA "made in Scotland, sold abroad".

Visit Cashmaster Website >

“Following our management buy-in, Cashmaster has made the successful transition from family company to international enterprise. We have invested in people, premises and product. We have recently launched a best-in-class touch-screen product, opened a Hong Kong office (to add to Germany and the US) and relocated from Rosyth to a new 15,000 sq ft factory in Dalgety Bay”.

Gordon McKie, CEO of Cashmaster International