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The Entrepreneurial Exchange


Mike Rutterford is one of Scotland's entrepreneurs and business angels.  He has been involved in a series of multi-million pound deals combined with a dossier of investments in UK start-up companies.  His mission is to create a culture of entrepreneurial success in Scotland.

His busy working life is spent between his dual roles as co-founder of Archangel Informal Investments and as a private investor, board member and advisor to a number of Scotland's most promising technology companies. Archangel began in 1992, as a private informal investment house, co-founded with Barry Sealey.  Over the last fourteen years, the syndicate has invested in approximately 50 start-up companies. Archangels has a list of 35 live investments in the field of technology, life science, retail and manufacturing. Archangel's many investments include Arrayjet, CXR Biosciences, Data Discoveries, LAB 901, LUX Biotechnology, Optos, Oregon Timber, Reactec, Stem Cell Sciences and Touch Bionics to name but a few.

Previously he was a board member of Opto-Electronics firm Optos, which has now floated on the London Stock Exchange.  Mike was also a Director of the Entrepreneurial Exchange.

Privately, he also co-invests in a number of property deals either personally or through Rutterford Limited.  Many of the investments include joint ventures with partners in Scotland, England and abroad.  Current investments include board membership of New Ingliston Limited, which owns 240 acres south of Edinburgh Airport and a £360m property portfolio through Edinburgh House Estates Limited in London.

His interests are sailing, sailing, sailing, skiing, music, art and travel.

Alan McCafferty obtained a degree in Electrical & Electronic Engineering in 1988 and then joined British Petroleum in their North Sea and Petrochemical operations. He achieved chartered status in 1993 and went on to form his own engineering consultancy company.  In 1997 he identified an opportunity and formed an Indian food development and sales company, India UK Ltd.  Within 18 months, this company was supplying Indian snacks to all Asda stores, UK wide.  He accepted an attractive offer for his company in January 2001.

After India UK came ADDER International Ltd, a digital CCTV systems builder with a strong emphasis on the export market.  When it became apparent that this business was not going to fulfil its potential he decided to look at other opportunities.

While building his property and lease management business, Balmore Estates, and providing ‘troubleshooting' assistance to a number of companies he secured the acquisition of McCowan's Ltd, the confectionery manufacturer (May 2003). After two very challenging years at the helm of McCowan's it was evident that the business required additional funding. With the inherited debt burden plus additional unforeseen debts, such as a £1M pension deficit, it became apparent that new funding would not be possible. He appointed the receiver in March 2005 and helped secure a new buyer one month later. He left the business in May 2005.  

He is now working on a number of new projects from established businesses to start-ups. He is mentor to a number of businesses including ID Inquiries, a private investigation, surveillance and employee vetting company.

Alan has been described as a serial entrepreneur.  He is a strong people person and is keen on the ‘it's got to be fun' principle.  He is ambitious, competitive and has great enthusiasm for business.  He enjoys the management and team building aspects of business and finds the psychology of business fascinating.

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Venue information

Mediterraneo 73 Broughton Street

0131 557 6900


Mr Alan McCafferty, Balmore Holdings


  • Mr Mike Rutterford, Rutterford Ltd

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Registered in Scotland. Company registration number SC160976.
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