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OK, so it is possible to reconstruct the logo simply in Xara to achieve what you want.

Acorn

All I asked was did you make a bitmap copy (arrange > Create Bitmap copy), which would have included bits of the extant background with it.

Another way of asking: Is your design see-through in...

At some point, did you create a bitmap copy of the golden components logo?
If so, there was no need. You appear to have a grouping of a number of shapes and text that is ideal for this manipulation....