AB Dynamics, a Wiltshire vehicle products designer and manufacturer, is to float on the Alternative Investment Market. It plans to raise £2.5m, giving it a market capitalisation of £14m. The company is building new office and factory space following strong business growth. The expansion could create jobs. Turnover £8.9m.
21 May 2013
New centre for additive manufacturing - £750,000 capital investment - view original
Innovate 2 Make Limited | Reg No. 08163164 | HQ West Midlands | Turnover £0.0m | Locations 1
Innovate 2 Make is opening a centre for additive manufacturing in Leamington Spa, West Midlands. The company, founded by Ian Campbell, Mike Kelly and Dr Bruno Le Razer, has invested £750,000 into premises and machinery. It will design and manufacture lighter and more cost effective components for vehicles and medical applications.
21 May 2013
New manufacturing institute - partnership with Coventry University - 600 potential new jobs - view original
Unipart Group Of Companies Limited | Reg No. 01994997 | SIC Code 7415 | HQ South East | Tel 01865 778966 | Turnover £1,063.5m | Employees 8533 | Locations 2 | 2 Company Alerts | 7 Subsidiary Alerts
Job Gains / Losses: 600 Jobs Gained West Midlands: 600 Jobs Gained Vehicles & Components: 600 Jobs Gained
Unipart and Coventry University are working together to create a new, government-funded manufacturing institute. The Manufacturing Institute could create more than 600 manufacturing jobs by stimulating Uniparts supply chain and training a skilled new workforce.
21 May 2013
5m Investment - 300 New Jobs - Business Growth - view original
S. Cartwright & Sons (Coachbuilders) Limited | Reg No. 00687816 | SIC Code 3410 | HQ North West | Tel 0161 928 0966 | Turnover £79.3m | Employees 484 | Locations 2 | 3 Company Alerts | 1351 Parent Alerts
Job Gains / Losses: 300 Jobs Gained Private Finance Initiatives / PPI Initiatives: 300 Jobs Gained Business Performance: 300 Jobs Gained North West: 300 Jobs Gained Vehicles & Components: 300 Jobs Gained
The Cartwright Group, an Altrincham-based coach manufacturer, has secured 1.9m in investment from the Regional Growth Fund, and will re-invest 2.9m creating 300 jobs, 30 of which will be apprenticeships. The company, joint managing director Steven Cartwright, has a turnover of 79.1m
21 May 2013
Bank Funding Secured - New Premises - Company expansion
17 May 2013
£3.75m RGF award - creating 320 jobs - capital investment
17 May 2013
27m order secured - 800 Machines - Delivery to Commence in May
17 May 2013
68 New Jobs - Order Secured - New Warehouse
16 May 2013
1.5m disposal - exits heavy truck sector
16 May 2013
1.5m acquisition - expands into south west region
16 May 2013
100 boat building jobs - £1.5m Expansion - Funding Secured
14 May 2013
Revenues increase to £5.3m - £1m loss - increased global demand
The UK's road vehicles, marine construction and aerospace industries make major contributions to the national economy but in many areas are vulnerable to global factors. Apart from labour costs that are only overcome by investing in higher productivity and higher added value technologies, these sectors are exposed to recessionary pressures in a number of international markets and, in the context of UK PLC, in the motor industry in particular, foreign ownership of key manufacturing assets means strategic decisions are made outside the UK. Whilst the automotive and aerospace sectors are in comparatively robust health, there is an ever-present danger of being unable to attract or educate new blood on the one hand and, on the other, contraction to a point where there is no longer a viable skills base.