Read an old interview once where he said the North Sea "doesn't forgive confidence, only preparation." Never forgot that line. 85.
Their story
Sir James Milne, known across the north east of Scotland as Sir Jim, was the Aberdeen entrepreneur who founded Balmoral Group in 1980 and built it from four employees making glass reinforced plastic products into a global engineering business employing around 800 people. He was also the co-founder and chairman…
Sir James Milne, known across the north east of Scotland as Sir Jim, was the Aberdeen entrepreneur who founded Balmoral Group in 1980 and built it from four employees making glass reinforced plastic products into a global engineering business employing around 800 people. He was also the co-founder and chairman of Friends of Anchor, the cancer and blood disorder charity he helped launch in 1997 after losing his first wife, Jill, to cancer. He died peacefully at home, surrounded by his family, on 10 November 2026, aged 85.
He was born on Boxing Day, 26 December 1940, into a farming family at Tullos on the outskirts of Aberdeen, the youngest of nine children. He never lost the accent or the attitude of that upbringing. To the end of his life he introduced himself to clients as "a peer fairmer's loon far Aberdeen", and the Press and Journal recorded that he would lift his foot to show the hole in the sole of his shoe. He left school at 14 with no qualifications and went looking for work.
He spent about ten years at the agricultural manufacturer Barclay Ross and Hutchison before setting up his first company, North East Glassfibre Works, later known as Aberglen, in the 1960s. In September 1980 he founded Balmoral Group, starting the business from his back garden. Balmoral Marine followed five years later, and the group grew alongside the North Sea oil and gas industry. Under his leadership the subsidiary Balmoral Comtec pioneered advanced composite materials for subsea buoyancy, protection and insulation, technologies used in 56 countries, and the group invested in a wave and current simulation facility and a subsea test centre. Balmoral also expanded into tanks, civil and environmental engineering and renewable energy. By the time of his death, the company said, his family investment office had built organisations across more than 15 markets delivering solutions to over 55 countries.
He was open about failure. The Press and Journal wrote that over more than six decades in business he saw ventures crumble and started again several times, and he freely admitted that he had made many mistakes and learned from them. He marked his birthday each year by publishing his company's accounts. In 2024 he bought the Marcliffe Hotel in Aberdeen, a favourite place of his and the venue where he had married his second wife, Gillian, in 2001.
Jill Milne died of cancer in 1994. In response, he co-founded Friends of Anchor, which supports cancer and haematology care in Grampian alongside the NHS. Since its launch in 1997 it has grown into one of the largest support networks for cancer patients in the north east, helping thousands of people each year, and it has been behind a new cancer and haematology facility at Foresterhill in Aberdeen. His daughter Sarah Jane Hogg became a director of the charity.
His honours reflected both strands of his life. He was appointed CBE in 1994, received an honorary doctorate from Robert Gordon University in 1999, was made a Burgess of Guild of the City of Aberdeen in 2004, became a Deputy Lieutenant of Aberdeen City in 2007 and received an honorary degree from the University of Aberdeen in 2008. He entered several halls of fame, was named Entrepreneur of the Year by Entrepreneurial Scotland in 2016, received Subsea UK's Outstanding Contribution to Industry award in 2019 and was knighted as a Knight Bachelor in the Queen's Birthday Honours 2022 for services to business and charity. In March 2026 he received the Significant Contribution Award at the Offshore Achievement Awards in Aberdeen.
Outside work he loved fast cars, shooting, gardening, the Scottish countryside, football and Formula 1, and the Doric dialect of the north east. He is survived by his wife, Lady Gillian Milne, his daughters Sarah Jane and Caroline, his sons Cameron and Ewan, and five grandchildren. His funeral is a private service, and the family asked for donations to Friends of Anchor in place of flowers. Aberdeen South MP Douglas Lumsden called him "a titan of Aberdeen and a colossus of the energy industry".
Biography adapted from Press and Journal (11 Nov 2026), Energy Voice (11 Nov 2026), Balmoral Group About page, Press and Journal (5 Mar 2026), The Scotsman.
In their own words
“A peer fairmer's loon far Aberdeen.”
How he introduced himself to clients throughout his career, Doric for a poor farmer's boy from Aberdeen (Press and Journal)
“It is hard to put into words Sir Jim's profound impact on not only Balmoral Group, but the north-east as a whole.”
Balmoral Group spokesman, announcing his death, November 2026
“He was a friend, a titan of Aberdeen and a colossus of the energy industry.”
Douglas Lumsden, MP for Aberdeen South, November 2026
“His experience, tenacity, faith and unflinchingly positive attitude made him the success that he was.”
Steve Gibb, former Balmoral Group public relations manager who worked with him for 37 years
“We feel incredibly fortunate to have had his belief in our work and his determination to make a meaningful difference to the lives of others.”
Friends of Anchor tribute, November 2026

From social media
5Posts by James, and posts about them, kept here so they are not lost.