| Lossie Seafoods Ltd. | Manufacturing | 1993 |
| Louis Fish & Chips Limited | Hospitality | 2013 |
| Lovesoir Limited | Wholesale & retail | 2025 |
| M & K Ventures Ltd | Professional & scientific | 2024 |
| M B Aquarius Limited | Agriculture & fishing | 2003 |
| M Grant Engineering Ltd | Manufacturing | 2025 |
| M Tait Services Ltd | Professional & scientific | 2018 |
| M.S.S.S.A.B Limited | Construction | 2023 |
| M.V. Resolute Limited | Agriculture & fishing | 2003 |
| Mackinco (Twenty-Eight) Ltd. | Agriculture & fishing | 2003 |
| Mairforce Ltd | Professional & scientific | 2025 |
| Mark M Electrical Ltd | Construction | 2022 |
| Mark Riach Electrical Ltd. | Construction | 2017 |
| Mark Stevenson Contractor Ltd | Administrative & support | 2016 |
| Martin Doddy Services Limited | Construction | 2023 |
| Maxima Energy Consultants Ltd | Professional & scientific | 2018 |
| Maynes Holidays Ltd | Transport & logistics | 2020 |
| Mazs Plumbing & Heating Ltd | Professional & scientific | 2021 |
| MB Motors Huntly Limited | Wholesale & retail | 2020 |
| MB Norlan BF362 LLP | | 2001 |
| MB Serenity Limited | Administrative & support | 2003 |
| MC2 Management Consultancy & Media Communications Ltd | Professional & scientific | 2023 |
| Mckays Mini Market Limited | Wholesale & retail | 2018 |
| Mcleod Builders Ltd | Construction | 2020 |
| Meijers Maritime Services Ltd | Administrative & support | 2014 |
| MEL Investments Ltd. | Agriculture & fishing | 2007 |
| Messrs Fettes Ltd | Agriculture & fishing | 2014 |
| MFV QUO Vadis BCK 40 Limited | Agriculture & fishing | 2003 |
| MGM Welding Ltd | Manufacturing | 2025 |
| MGN 1983 Ltd | Agriculture & fishing | 2018 |
| Michael Wilson Fishing Limited | Agriculture & fishing | 2017 |
| Mike Willetts Investments Ltd | Real estate | 2023 |
| Mill of Rathven Farms | | 2001 |
| Miller Essentials Ltd | Wholesale & retail | 2026 |
| Milne Joinery and Outfitters Ltd | Manufacturing | 2018 |
| Mirrored Motors Ltd | Wholesale & retail | 2024 |
| Moments Saved | Administrative & support | 2009 |
| Monalisa Consulting Ltd. | Information & communication | 2011 |
| Moneywise Mortgages Ltd | Financial services | 2015 |
| Montcoffer Electrical Ltd | Construction | 2023 |
| Moonyeen Ltd. | Agriculture & fishing | 2006 |
| Moray Boarding Kennels & Cattery Limited | Administrative & support | 2013 |
| Moray Campers Ltd | Wholesale & retail | 2019 |
| Moray Coast Customs Limited | Wholesale & retail | 2021 |
| Moray Coast I.T Limited | Information & communication | 2025 |
| Moray Fabrications Limited | Professional & scientific | 2006 |
| Moray Firth Marine Limited | Transport & logistics | 2025 |
| Moray Homes Limited | Construction | 2001 |
| Moray Reach OUT | Health & social care | 2001 |
| Moray Seafoods Limited | Wholesale & retail | 2011 |
| Moray Shellfish Ltd | Manufacturing | 2024 |
| Morning Star INS 87 Ltd | Agriculture & fishing | 2017 |
| Morrison's Mechanical Services Limited | Wholesale & retail | 2009 |
| Motion Fitness (Scotland) Limited | Arts & recreation | 2015 |
| Motorsmiths Garage Limited | Wholesale & retail | 2014 |
| MR CEM Services Ltd | Extraterritorial | 2024 |
| MS & RK Ltd | Hospitality | 2021 |
| MSB Holiday Homes Ltd | Construction | 2018 |
| Msdm Services Ltd | Administrative & support | 2023 |
| Munro Roofing (Moray) Ltd | Construction | 2025 |
| My Developments Scotland Limited | Administrative & support | 2013 |
| Myorthopaedics Ltd | Health & social care | 2021 |
| N Scott Marine Services Limited | Administrative & support | 2023 |
| NAZ Beauty and Braids Ltd | Wholesale & retail | 2025 |
| ND North Ltd | Wholesale & retail | 2016 |
| Neil Robertson Fishing Limited | Agriculture & fishing | 2004 |
| New Buckpool Takeaway Ltd | Hospitality | 2026 |
| New Energy Drilling Limited | Professional & scientific | 2024 |
| Newlands Property Enterprises Ltd | Real estate | 2023 |
| Newtack Cereals Ltd | Agriculture & fishing | 2021 |
| Norlyn INS 111 Ltd | Agriculture & fishing | 2016 |
| Norman Wilson Fishing Limited | Agriculture & fishing | 2008 |
| North East Roofing and Render Ltd | Construction | 2025 |
| North East Windows & Doors Ltd | Manufacturing | 2002 |
| Northern Arches Group Ltd | Hospitality | 2024 |
| Ntbm Services Ltd | Other services | 2021 |
| O.B. Fishing Company Ltd. | Agriculture & fishing | 2000 |
| Offshore Energy Consultancy Limited | Other services | 2019 |
| One Marchmont Limited | Administrative & support | 2023 |
| Opanasyk Ltd | Wholesale & retail | 2026 |
| Open Frame USA Limited | Administrative & support | 2025 |
| Orkney Herring Company Ltd | Extraterritorial | 2025 |
| Overbrae Farms Limited | Agriculture & fishing | 2013 |
| Ozzy Fishing Ltd | Agriculture & fishing | 2021 |
| P & M Material Control Services Limited | Administrative & support | 2014 |
| P J Grant Safety Consultants Limited | Administrative & support | 2011 |
| P&H Holdings Ltd | Real estate | 2026 |
| P.A.L.S. (Scotland) Ltd. | Wholesale & retail | 2003 |
| Pad's Sheds Limited | Construction | 2019 |
| Panda Pack Lunch Limited | Wholesale & retail | 2026 |
| Park Court Investments (UK) Ltd | Professional & scientific | 2016 |
| Peter Fyffe Electrical Contractors Limited | Construction | 2011 |
| Peterhead Trading Post Ltd | Wholesale & retail | 2020 |
| Phoenix Services (Moray) Ltd | Other services | 2026 |
| Pickwick Performance Ltd | Wholesale & retail | 2011 |
| Planwell Roofing Supplies Limited | Wholesale & retail | 1989 |
| Pmckay Limited | Administrative & support | 2023 |
| Popseys Limited | Hospitality | 2025 |
| Port Hill Properties Limited | Real estate | 2018 |
| Portgordon Community Trust Limited | Other services | 2005 |