| Marixin (Inverness) Limited | Manufacturing | 1986 |
| Mark Garrick Ltd. | Manufacturing | 2003 |
| Mark Gill Heating Limited | Construction | 2020 |
| Martyn Mckillop Electrical Services Limited | Construction | 2017 |
| Mason's Barn Ltd | Real estate | 2024 |
| Masonry and Lime Ltd | Construction | 2010 |
| Matheson's Ltd. | Agriculture & fishing | 2006 |
| Matt Harvey Media House Ltd | Information & communication | 2024 |
| Matthew Noble Limited | Other services | 2003 |
| Matthew Poole Services Ltd | Professional & scientific | 2025 |
| MB Landscapes (Scotland) Limited | Professional & scientific | 2010 |
| MCB Campers Ltd | Transport & logistics | 2025 |
| Mcbritain Ltd | Wholesale & retail | 2022 |
| Mcconnell Consultancy Services Ltd | Mining & quarrying | 2023 |
| MCG Renovations Ltd | Real estate | 2022 |
| Mcgowan Landscaping Ltd | Administrative & support | 2020 |
| Mcgregor Memorials (Forres) Ltd | Other services | 2024 |
| Mckee Consulting Services Ltd | Professional & scientific | 2017 |
| Mckenzie Contractors Ltd | Construction | 2024 |
| Mckenzie Enterprise Limited | Other services | 2009 |
| Mckenzie North Ltd | Agriculture & fishing | 2025 |
| Mckerron & Co Ltd | Hospitality | 2026 |
| Mclaren's Garage Ltd | Wholesale & retail | 2022 |
| Mcljc Holdings Ltd | Financial services | 2024 |
| MDW Assests Ltd | Real estate | 2024 |
| MDW Developments Ltd | Real estate | 2024 |
| MDW Letting Ltd | Real estate | 2024 |
| Meadowhillock Funeral Chapel Limited | Other services | 2016 |
| Mecc 4 Limited | Financial services | 2018 |
| MER Fishing Ltd | Agriculture & fishing | 2026 |
| MGA Electrical Ltd | Construction | 2019 |
| MGM Moray Joinery Ltd | Construction | 2026 |
| Michael Burgess Builder Ltd | Construction | 2018 |
| Michael Mackenzie Enterprises Ltd | Agriculture & fishing | 2025 |
| Michael Mackenzie Holdings Ltd | Financial services | 2025 |
| Michael Mcallan Limited | Arts & recreation | 2023 |
| Mikes Cottage Ltd | Hospitality | 2025 |
| Miller Developments (Scotland) Ltd | Hospitality | 2020 |
| Miller Parks Ltd | Hospitality | 2016 |
| Millhouse Developments (Inverurie) Ltd | Construction | 2014 |
| Milne Elgin Ltd | Other services | 1973 |
| Milne Holdings Limited | Administrative & support | 2005 |
| MJE Locum Services Ltd | Professional & scientific | 2026 |
| MJR Intrastructure Limited | Professional & scientific | 2016 |
| Mobiliis Ltd | Information & communication | 2018 |
| Mohammad Abrar ALI Limited | Wholesale & retail | 2023 |
| Monteith Athletic Development Ltd | Education | 2026 |
| Moon Blue Limited | Wholesale & retail | 2010 |
| Moravia Apartments Factor Services (Elgin) Ltd | Financial services | 2024 |
| Moray Autocare Ltd | Manufacturing | 2020 |
| Moray Automated Welding Ltd | Manufacturing | 2024 |
| Moray Biohazard Services Ltd | Administrative & support | 2023 |
| Moray Chamber of Commerce | Other services | 2001 |
| Moray Citizens Advice Bureau | Health & social care | 1989 |
| Moray Consulting Limited | Professional & scientific | 2026 |
| Moray Core Drilling Ltd | Construction | 2017 |
| Moray Digital Ltd | Information & communication | 2019 |
| Moray Distillery Ltd | Manufacturing | 2015 |
| Moray Driving School Ltd | Education | 2009 |
| Moray Engineering Ltd | Professional & scientific | 2025 |
| Moray Farmers Market Limited | Administrative & support | 2001 |
| Moray Firth Builders Limited | Construction | 2022 |
| Moray Firth Dental Ltd | Health & social care | 2022 |
| Moray Firth Homes LLP | | 2026 |
| Moray Firth Ltd | Health & social care | 2022 |
| Moray Firth Offshore Ltd | Mining & quarrying | 2017 |
| Moray Firth Roofing Limited | Construction | 2015 |
| Moray Fitters Ltd | Construction | 2023 |
| Moray Gymnastics Ltd | Education | 2025 |
| Moray Handyperson Services | Health & social care | 2004 |
| Moray Lettings Ltd | Real estate | 2024 |
| Moray Medical Limited | Health & social care | 2023 |
| Moray Nails Spa & Beauty Ltd | Other services | 2025 |
| Moray Office Supplies Limited | Wholesale & retail | 1995 |
| Moray Orthopaedics Ltd | Health & social care | 2021 |
| Moray Plumbing and Heating Limited | Extraterritorial | 2022 |
| Moray Precast Limited | Manufacturing | 1997 |
| Moray Property Maintenance Limited | Administrative & support | 2018 |
| Moray Property Solutions Limited | Real estate | 2022 |
| Moray Speyside Construction Services Ltd | Construction | 2025 |
| Moray Sports Group Ltd | Arts & recreation | 2023 |
| Moray Tax Help Ltd | Professional & scientific | 2023 |
| Moray Trusses Limited | Construction | 2014 |
| Moray Tyre Services Limited | Wholesale & retail | 2022 |
| Moray Wellbeing Hub CIC | Professional & scientific | 2017 |
| Moray Women's AID | Other services | 2008 |
| Morayfirth Rigging Service Ltd | Manufacturing | 2023 |
| More Shellfish Limited | Agriculture & fishing | 2007 |
| Mori Bonsai Ltd | Wholesale & retail | 2022 |
| Morven Inc. Ltd | Professional & scientific | 2013 |
| Mountwest 302 Limited | Construction | 2000 |
| MOVE4WARD Ltd | Health & social care | 2018 |
| Moycroft Holdings Ltd | Financial services | 2026 |
| Moycroft Trading Ltd | Arts & recreation | 2020 |
| MR Moto Motorcycles Ltd | Wholesale & retail | 2022 |
| MRD Design Floors Limited | Wholesale & retail | 2019 |
| MSG Network Ltd. | Wholesale & retail | 2018 |
| MSM Properties Scotland Limited | Real estate | 2022 |
| MT Autos Lossie Ltd | Wholesale & retail | 2014 |
| MTC Properties North Ltd | Real estate | 2025 |