Sir David Murray's business empire appeared to have crumbled earlier this year when Murray International Holdings was wound up owing £200m to the bank. 

Now, his Murray Capital Group, which acquired key assets from MIH between 2011 and 2013, is very much in the black having posted a pre-tax profit of almost £14m for 2014. 

So how did Murray, once one of Scotland's richest men, turn his business fortunes around? 

What is Murray Capital Group?

It is the private investment company of the Murray family and headed by Sir David Murray. The company has its headquarters in Charlotte Square in Edinburgh.

How is it doing?

The company has filed its annual accounts for 2014 showing a £13.6 million pre-tax profit and a value of £35m.

In what other areas does Murray Capital Group have investments?

It has interests in a number of sectors including steel, manufacturing, property and wine.

The Herald:

How did it make so much money last year?

The vast majority, around £12m, came from selling its shareholding in Scottish bus building company Alexander Dennis, whose Falkirk factory is pictured above.

Was it that simple? 

Well, a rise in profit at Glenrothes-based copper cable manufacturer Brand Rex has also helped the company enjoy trading gains. 

Does Sir David Murray actually run the company? 

Previously the sole owner, according to accounts he has begun to distribute shares around the family. Sir David is the executive chairman, while sons David, 42, and Keith, 39, are involved as executive director and board member respectively.  

The Herald:

What happened to Murray International Holdings?

Murray's previous family business, which began as Murray International Metals Ltd (pictured above), was wound up earlier this year owing Lloyds Banking Group £200m after debt write-offs of £268m. 

So is he still one of Scotland's wealthiest men?

No. The recession hit MIH hard, and Murray's wealth plummeted from an estimated high of £500m in 2009 (according to the Sunday Times Rich List). This came two years after he was knighted for services to business. 

The Herald:

Didn't Murray also make money from football? 

No. He bought Rangers FC for £6m in 1988 and sold it to Craig Whyte (pictured above) in 2011 for the notional sum of £1. The club's training ground, Murray Park, still bears his name but Murray has vowed never to own another football club and claimed he was "duped" by Whyte, who is currently the subject of a criminal investigation and who was banned from being a company director for 15 years last September after a judge heard his conduct in dealing with Rangers was "shocking and reprehensible".