£1.5m funding secured - technology development strategy - view original
eoSemi Ltd | Reg No. 05628221 | HQ North West | Tel 01260 285880 | Turnover £0.0m | Locations 1
Cheshire-based technology company eoSemi has secured a £1.5m second tranche of funding from existing investors EV, NESTA investment an Capital-E. eoSemi will continue developing silicon replacements for the quartz crystals currently used in electronic devices with a view to bringing the technology into a $4bn market.
07 Feb 2012
Factory Closure - Production Moved Abroad - 31 Jobs Lost - view original
Markon Sawafuji Limited | Reg No. 04248203 | SIC Code 3110 | HQ East Midlands | Tel 01572 723811 | Turnover £9.0m | Employees 36 | Locations 1
Industrial Premises: 31 Jobs Lost East Midlands: 31 Jobs Lost Electronic & Electrical: 31 Jobs Lost
Alternator firm Markon Sawafuji in Oakham are to close its factory after 10 years, resulting in the loss of 31 jobs. The company is a joint venture between Cummins Generator Technologies in Stamford and Sawafuji in Japan. Production will now be moved to Mexico and Japan and the factory has been put on the market.
07 Feb 2012
£8.5m management buyout of electromagnetic components company - view original
Aero Stanrew Limited | Reg No. 00464848 | SIC Code 3210 | HQ South East | Tel 01271 341300 | Turnover £9.7m | Employees 133 | Locations 4 | 2 Company Alerts
Aero Stanrew, the Devon-based supplier of electromagnetic components to the aerospace sector, has been bought by its management for £8.5m. Private equity for the acquisition came from WestBridge Fund Managers, with HSBC providing structured debt. The business employs 170 staff in Barnstaple and its base in Tunisia. The management team is led by Clive Scott and also includes Chris Evans, Owen Rolfe and Peter Vaughan. Phil Crawford-Smith of Westbridges Co-Investment Club is Independant Chairman.
07 Feb 2012
£4.2m private equity investment - MBO - business expansion strategy - view original
Aero Stanrew Limited | Reg No. 00464848 | SIC Code 3210 | HQ South East | Tel 01271 341300 | Turnover £9.7m | Employees 133 | Locations 4 | 2 Company Alerts
Devon-based aerospace component manufacturer Aero Stanrew Ltd has undergone an £8.5m management buyout. WestBridge Fund Managers has invested £4.2m in the MBO. The investment will allow Aero Stanrew to extend its product range and enter new markets.
07 Feb 2012
New rail depot approved - 44 acre site - Work starting summer 2012
06 Feb 2012
New chief executive - Four years of losses - Integrating handset venture
06 Feb 2012
Partnership with Chinese firm - expansion in SSD market
06 Feb 2012
Company in administration - Assets acquired by competitor
06 Feb 2012
£100k award - Business expansion - 12 jobs created
03 Feb 2012
Potential new jobs - £11.7bn energy meter programme
03 Feb 2012
Finance Director Retires - Turnover £1.2m - 25 Members of Staff
03 Feb 2012
Order book doubled to £1m - international expansion strategy
03 Feb 2012
Profits warning - closing Surrey sites - new high tech manufacturing centre
02 Feb 2012
Buyers Laboratory award secured -recognition for product quality
02 Feb 2012
Revenue £10.5m - Operating Loss £1.2m - Cash £3.9m
31 Jan 2012
£6.25m funding secured - 336 new jobs - supply chain expansion
31 Jan 2012
New jobs - commercial production starts
30 Jan 2012
No buyer found - 35 job losses - Sales on a break up basis
30 Jan 2012
Revenue up 25% - Profit up 6% - 4,000 Employees
27 Jan 2012
New Export Sales Director appointed
27 Jan 2012
CEO Steps Down - Chairman becomes Executive in the Interim
Despite being the largest in Europe, the UK electronics and electrical sector is undergoing significant transformation and disorder following increasingly demanding market conditions, policy and regulation. The majority of production in large volume manufacturing has moved overseas to lower-cost producer countries, with no foreseeable circumstances in which this class of manufacturing will return to the UK. Furthermore, Government plans to switch to digital terrestrial broadcasting between 2008-2012 have generated huge supply chain challenges as consumers shift towards Integrated Digital TVs, Set Top Boxes and digital recording equipment such as hard drive Personal Video Recorders. However, things aren’t all bleak, with the associated huge opportunity for manufacturers, and the UK remaining at the forefront of electronic design and innovation on a global scale, supported by a cohesive and esteemed society of university driven and independent research.