Scottish Bullion

Buying and selling gold and silver in Glasgow and Edinburgh

Scottish Bullion is a Scottish precious metals dealer operating from two of its own locations, one in Glasgow and one in Edinburgh. The company is part of The Vaults Group, a safe deposit box company that presents itself as Europe's largest independent network in its sector, with twelve facilities across Scotland, Ireland, England and Spain and new locations planned for 2025-2026. According to its own presentation, Scottish Bullion offers its clients the possibility to buy, sell and store precious metals at the same secure location, or at any of the group's other locations.

Catalogue: bars and coins in four metals

The catalogue covers gold bars in various sizes, from 1 gram to 1 kilogram, as well as silver, platinum and palladium bars and coins. The company states that it has coins exempt from UK Capital Gains Tax, specifically gold and silver Sovereigns and Britannias minted by the Royal Mint, usually in stock and available for immediate collection from either of its two offices. It also sells 1 oz Perth Mint bars, whose purity and weight are guaranteed by the Government of Western Australia.

Market-linked pricing and personalised service

The firm explains that its pricing policy is based on the real-time spot gold price, with the aim of offering competitive terms for both buying and selling. To obtain a live quotation, clients can contact the team by phone, email or messaging. Products can be viewed online and examined in person at the Glasgow and Edinburgh offices, by appointment.

In-house storage and other services

Scottish Bullion relies on The Vaults Group's safe deposit box facilities, which the company describes as the only ones in Scotland built specifically for this purpose and independent of the banking system. Clients can store their precious metals there or withdraw them, and can also deposit other valuables such as watches, jewellery and important documents. Safe deposit boxes are offered from £4 per week or from £200 per year, according to the two references on the site, and access is available seven days a week by appointment and in accordance with the company's security standards. In addition, the company offers VAT-free silver storage in customs warehouses in Zurich, London or the Cayman Islands.

Payment methods and group history

Among the accepted payment methods, the company states that it accepts Bitcoin for gold purchases and directs clients to its email to enquire about other cryptocurrencies. The Vaults Group began operating in 2013; its first Scottish location, Glasgow Vaults, opened in 2016 and Edinburgh Safe Deposit in 2020. Scottish Bullion operates from both offices.

Management team

The company is led by Séamus Fahy and David Walsh. Fahy studied business at the University of Limerick and developed a career in the oil and gas sector, with trading roles at Irish National Petroleum Corp and ConocoPhillips in London, before moving into commodities and real estate; in 2008 he founded Voltaire Diamonds and in 2013, together with Walsh, he launched Merrion Vaults, the seed of The Vaults Group. Walsh studied Finance at University College Cork and in 1999 created City Box, a shopping centre advertising company. The team is completed by David Higgins as group Head of Trading, Sandra Kilcullen as Head of UK Trading, and Joanna MacDonald and Morgan Paterson as Bullion Co-Ordinators.

Company details

The business operates under the company name Shavo Services Limited, trading as Scottish Bullion, with company number SC684356 and VAT number GB422573313.

Locations and premises

Glasgow location: 10 – 12 Albert Drive, Glasgow G41 2PE, United Kingdom

Edinburgh location: 23 Atholl Crescent, Edinburgh EH3 8HQ, United Kingdom