People & Jobs - Job Gains / Losses |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 07 Feb 2012 | £95m costs to be cut - 770 worldwide Jobs Lost - Profits down to £537m | Smith & Nephew, which employs 11,000 people worldwide including 1,200 in the UK, is to save £95m in costs over the next two years by cutting around 770 administrative jobs. | Smith & Nephew PLC | £2,467m | £573m | 10,172 | 5 |
| 35 | | 09 Feb 2012 | £8m hotel opens in Leicester - 35 jobs created | A new 115-bedroom Ramada Encore hotel has opened in Leicester, Leicestershire after an £8m investment from building owner and businessman Indi Johal. Thirty five full and part time jobs have been created as a direct result. The hotel will be operated by the Akkeron Hotels Group under the Ramada brand. Henrik Jespersen is the General Manager. | Akkeron Hotels Limited | £15m | £0.1m | 502 | 1 |
| 40 | | 08 Feb 2012 | £8m hotel construction to commence - 40 new jobs | Work on an £8m Premier Inn hotel in Shrewsbury, Shropshire will start in March 2012. The five-storey, 136-bedroom hotel is expected to create 40 new jobs and make a significant contribution to the local economy. | Premier Inn Hotels Ltd | £87m | £12m | 3,433 | 600 |
| 30 | | 09 Feb 2012 | £7m homes & leisure development project - 244 new homes - 30 jobs created | Persimmon Homes, in partnership with entrepreneur Brian Morton, is to build 244 new homes as part of a £7m homes and leisure development in Hartlepool, North East England. The development has received approval from Hartlepool Borough Council. The scheme will initially create 30 jobs. | Persimmon Homes Ltd | £1,112m | £91m | 2,186 | 10 |
| | 07 Feb 2012 | £74m NHS contract secured - potential new jobs | Atos Origin UK Holdings Ltd has secured a £74m, five-year contract to provide IT services to the Department of Health. Atos Origin will help to reduce costs in the NHS and provide the necessary ICT for planned NHS reforms. The contract has the potential to create new jobs. | Atos Origin Uk Holdings Limited | £0.0m | £0.0m | 0 | 1 |
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People & Jobs - Management Moves |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| 1 | | 07 Feb 2012 | Risk assurance head appointed | PwC has appointed Helen Nixseaman as the new head of its risk assurance practice in the Midlands. She has more then 20 years experience in risk assurance and joined the Midlands team in 2011. Mark Smith is regional chairman of PwC in the Midlands. | Pwc Insurance Brokers Ltd | £0.0m | £0.0m | 0 | 1 |
| | 08 Feb 2012 | Paragon UK appoints John Fox to develop its trade division | Commercial printer Paragon UK has appointed John Fox, former Grasmere Business Forms operations manager, as sales manager for its trade division. | | | | | |
| | 09 Feb 2012 | Non Executive Director Appointed - Annual Turnover £211.9m - 3550 Employees | Admiral group have appointed Annette Court as an independent Non Executive Director. the company has a annual turnover £211.9m and employees 3550 members of staff. | Admiral Group PLC | £212m | £211m | 2,000 | 4 |
| 1 | | 07 Feb 2012 | New head of acquisitions | Inventive Leisure, the operator of the Revolution Vodka Bar chain, has appointed Kevin Norman, formerly of JD Wetherspoon, as its new head of acquisitions. | Inventive Leisure Limited | £45m | £4m | 1,129 | 60 |
| | 07 Feb 2012 | New chief executive for Bezier Group | 173426 | | | | | |
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People & Jobs - Outsourcing |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 09 Feb 2012 | Escher wins big contract with leading postal authority | Shares in Escher Group, the provider of outsourced, point of sale software to the postal industry, leapt on Wednesday following the announcement it has won its largest contract in the group's history,... | | | | | |
| | 08 Feb 2012 | Acquires Smiths Consulting - £10m investment | Outsourcing specialist Capita has acquired computer consultancy Smiths Consulting for £10m. The takeover strengthens Capita's existing in-house SAP consultancy capabilities. Smiths Consulting recorded turnover of £11.8m in the year to March 2011 and employs 52 staff. | Capita Group PLC | £2,744m | £347m | 35,415 | 9 |
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Headquarters & Premises - Office Premises |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| 1 | | 09 Feb 2012 | To open Solihull office - automotive sector expansion - potential new jobs | Fircroft Recruitment is expanding in the automotive sector with the opening of a new office in Blythe Valley Business Park, Solihull. Fircroft's turnover increased to £550m in the year to August 2011. It plans to become the UK’s leading automotive recruiter, with the expected creation of job opportunities. | Fircroft Recruitment Agency | £0.0m | £0.0m | 0 | 1 |
| 1 | | 08 Feb 2012 | Sustained business growth - larger premises | Falkirk-based Fulcrum Insured Employee Benefits Limited has grown each year since its launch in January 2008. It has gained new business during the recession due to its ability to deliver cost efficiencies of up to 40%. The company has moved to larger office premises and expanded its team to four. | Fulcrum Insured Employee Benefits Limited | £0.0m | £0.0m | 0 | 1 |
| 2 | | 08 Feb 2012 | Regional expansion strategy - creating jobs | Energy management consultancy Orchard Energy is expanding into the Midlands and South East. By February 2012 it plans to have teams in place in Redhill, Surrey; and Northampton; and is also creating new jobs at its head office in West Yorkshire. The expansion follows strong UK growth. | ORCHARD ENERGY LIMITED | £0.0m | £0.0m | 0 | 1 |
| 1 | | 08 Feb 2012 | Opens third office - business expansion - potential new jobs | Ludgate Business Finance has opened a third office in Willenhall, West Midlands to serve its expanding customer base in the region. The company's ongoing expansion has the potential to create new jobs. Steve Grice is head of the Willenhall office. | Ludgate Business Finance Ltd | £0.0m | £0.0m | 0 | 1 |
| 1 | | 07 Feb 2012 | Opening second office in Scotland - potential new jobs | Energy management consultancy Orchard Energy is expanding into north-east Scotland with the opening of its second office in the country following a significant increase in demand for information on efficiency, green energy and purchasing. The company plans to expand into the Midlands and South East in the future, potentially creating new jobs. | ORCHARD ENERGY LIMITED | £0.0m | £0.0m | 0 | 1 |
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Headquarters & Premises - Industrial Premises |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| 10 | | 08 Feb 2012 | £40m expansion plan - 10 New Farms - 100 New Jobs - 5 Year Plan | The Scottish Salmon Company, a fish producer based in Edinburgh, is investing £40m and plans to open 10 farms along Scotlands west coat creating 100 jobs over the next five years. In the past two years, the company has more than doubled staff numbers from 160 to 380 and invested £30m in refurbishing its Marybank processing facility, acquiring West Minch Salmon, developing sites and upgrading existing farms. Stewart McLelland is Chief Executive. | The Scottish Salmon Company Ltd | £0.0m | £0.0m | 0 | 1 |
| | 07 Feb 2012 | £15m factory extension - 12 jobs created - £1m loan | Eco Plastics is creating 12 new jobs after receiving a £1.15m loan from a Government-backed initiative. The company is building a £15m expansion to its plastics recycling plant near Gainsborough, Lincolnshire. Jonathan Short is managing director. | Eco Plastics Limited | £13m | £-1.6m | 106 | 3 |
| 1 | 08 Feb 2012 | Rutland factory to close - 31 jobs lost | Generator firm Cummins is closing a factory it co-owns in Oakham, Rutland, with the loss of 31 jobs. The factory will close in April 2012 with production moved to Mexico and Japan. Cummins had a 40 per cent share in the company and Sawafuji a 60 per cent share. | Cummins U.K. Holdings Ltd. | £0.0m | £12m | 0 | 3 |
| | 07 Feb 2012 | Plant Closure - 200 Lost Jobs - Transfer of production - 100 Jobs Gained | Bed manufacturer Silentnight has confirmed 100 new jobs will be created at its Barnoldswick base. Britain’s biggest bedmaker, which was rescued from closure in May last year, has decided to focus production at its West Craven factory and, as a result, will close its Rest Assured plant in Batley by the end of April with the loss of 200 jobs. Adrian Fawcett is Chairman. | Silentnight Holdings Ltd | £107m | £3m | 1,225 | 0 |
| 1 | | 07 Feb 2012 | New rail depot approved - 44 acre site - Work starting summer 2012 | Hitachi Rail has won planning approval for a rail depot at Stoke Gifford, Gloucestershire. The 44-acre site will create jobs and help improve local rail services when it becomes operational in 2016/17. Work is expected to start in summer 2012, ready for testing trains by the middle of 2015. Andy Barr is Hitachi head of maintenance. | Hitachi Europe Ltd | £290m | £1m | 216 | 3 |
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Headquarters & Premises - Retail Premises |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| 1 | | 08 Feb 2012 | £20m Morrisons contract secured - potential new jobs | Interior Services Group Plc has secured a contract with retailer Morrisons to build a £20m store in Teignmouth, South Devon. It is anticipated that a significant number of job will be created as a result of the contract. In the year to June 2011, Interior Services Group recorded turnover of £1.19bn and employed 2,527 staff. | Interior Services Group PLC | £1,196m | £9m | 2,527 | 1 |
| 1 | | 08 Feb 2012 | £1.7m refurbishment completed - Spark Studio opens - potential new jobs | Symphony Housing Group's Contour Homes division has completed the £1.7m refurbishment of Spark Studio in Salford, providing housing and commercial properties. The refurbishment is a key element in the housing group's strategy to support employment and job creation. Other partners in the development include Salford City Council, the University of Salford and Godliman-Watson Homes. | Symphony Housing Group Ltd | £0.0m | £0.0m | 0 | 1 |
| 1 | 07 Feb 2012 | Northumberland outlet closed - 25 jobs at risk | Benfield Motors is to close its car dealership in Morpeth, Northumberland, in February 2012. The outlet employs 25 members of staff within the dealership and service departments. The closure is due to Renault UK reducing its dealership network. | Benfield Motors (Morpeth) Limited | £0.0m | £0.0m | 0 | 1 |
| 1 | | 09 Feb 2012 | New Leeds Bradford airport branch | Car rental company Enterprise has opened a new branch at Leeds airport. Pstrons previously had to take a 10-minute shuttle ride to reach the rental desk. Enterprise operates 16 airport branches around the UK and Ireland. Brian Waligora is the north England regional managing director. | Enterprise Rent-A-Car UK Ltd | £322m | £50m | 2,866 | 268 |
| 1 | | 09 Feb 2012 | New Hull store - 12 jobs created - £500k investment | Home Bargains is investing £500,000 into a new store in east Hull, East Riding of Yorkshire. The store will open in February 2012, creating 12 jobs. Home Bargains has four stores in Hull. Joe Morris is the operations director | Home Bargains | £0.0m | £0.0m | 0 | 190 |
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Headquarters & Premises - Healthcare Premises |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| 1 | 09 Feb 2012 | Day care centre to close - jobs at risk - £22m budget cuts | St Helens Council is closing Moss Bank support centre in St Helens, Merseyside, putting jobs at risk. Moss Bank centre is under-occupied and requires £2m of refurbishment. The council needs to find a further £22m of budget cuts over the three years to 2015 and is restructuring its services. | St Helens Council | £0.0m | £0.0m | 0 | 1 |
| 1 | | 07 Feb 2012 | Building £5m health centre - £350m regeneration project | Construction work has started on a new £5m health centre in Liverpool for Liverpool Primary Care Trust. The health centre is part of the £350m Edge Lane regeneration project which will create new housing and more than 1 million sq ft of commercial and retail floor space. | Liverpool Primary Care Trust | £0.0m | £0.0m | 0 | 1 |
| 1 | | 08 Feb 2012 | 90 new jobs - building £25m care home | Signature Senior Lifestyle, which provides care accommodation for frail, elderly people, is building a £25m care home in New Malden, London, creating 90 new jobs. In 2010 the company recorded turnover of £7.14m and employed 279 staff. | Signature Senior lifestyle Holdings Limited | £7m | £-1.2m | 279 | 2 |
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Headquarters & Premises - Educational Premises |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| 1 | | 09 Feb 2012 | £18.9m facility nears completion - supporting nuclear power developments | An £18.9m development on the Advanced Manufacturing Park for the University of Sheffield is nearing completion. The scheme includes the Nuclear Advanced Manufacturing Research Centre which will develop techniques to allow UK manufacturers to provide components for nuclear power stations. BAM Construction is building the facility. | University of Sheffield (The) | £0.0m | £0.0m | 0 | 1 |
| 1 | | 09 Feb 2012 | £100m student village - potential new jobs | AEW Architects has designed a £100m student village near Blacon, Cheshire and has submitted plans for the development which could create significant business and employment opportunities. AEW Architects worked with Bell Developments and planning consultants Spawforth on the scheme. The plans include accommodation for 2,500 student, a dining and leisure hub, and sports facilities. | Aew Architects & Designers Ltd | £0.0m | £0.0m | 0 | 1 |
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Headquarters & Premises - Public Service Premises |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 08 Feb 2012 | £129m police accommodation project - Appointed principal contractor | The Blue Light Partnership, comprising Miller Construction and Bilfinger Berger Project Investments, is the preferred bidder for the £129m Avon and Somerset Police Accommodation PFI Project. The project comprises the development of four new facilities at Portishead, Bristol Patchway, Keynsham and Bridgwater in the South West. The contract also includes responsibility for maintaining the buildings for 25 years. In addition to supplying project investment, Miller Construction has been appointed principal contractor. Chris Webster is Chief Executive is Miller Construction. | Miller Construction (UK) Ltd | £297m | £7m | 408 | 4 |
| | 08 Feb 2012 | £129m police accommodation project | The Blue Light Partnership, comprising Bilfinger Berger Project Investments and Miller Construction, is the preferred bidder for the £129m Avon and Somerset Police Accommodation PFI Project. The project comprises the development of four new facilities at Portishead, Bristol Patchway, Keynsham and Bridgwater in the South West. The contract also includes responsibility for maintaining the buildings for 25 years. Construction work is expected to commence in summer 2012 with the buildings being open from 2014. | Bilfinger Berger Project Investments Ltd | £0.0m | £0.0m | 0 | 1 |
| 17 | 08 Feb 2012 | Selling 17 sites - regeneration plans - potential construction apprenticeships | Harlow District Council is selling 17 derelict garage sites in Harlow, Essex to private developers and housing associations. Developers are expected to build 70 new home and create construction apprenticeships and other training opportunities. | Harlow District Council | £0.0m | £0.0m | 0 | 1 |
| 1 | | 09 Feb 2012 | Control centre opened- £2.25m capital investment - 100 jobs created | London Fire Brigade's new control centre in Merton, London, has been officially opened, creating 100 jobs. The Government is investing £2.25m in the future purchase of a new ‘999’mobilising system. The fire service’s National Co-ordination Centre, will move from West Yorkshire to the new centre in April 2011. | London Fire Brigade | £0.0m | £0.0m | 0 | 1 |
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Headquarters & Premises - Cultural Premises |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| 1 | 08 Feb 2012 | Budget cut - 30 job losses - closing studio | TV production company Tinopolis is closing its studio Caernarfon, North Wales, with the loss of 8 jobs and is reducing headcount by 30 at its Llanelli headquarters, after funding from Welsh television channel S4C was cut. Approximately 4% of Tinopolis's revenues come from S4C. In 2010 Tinopolis recorded turnover of £71.34m and employed 386 staff. | Tinopolis Plc | £71m | £5m | 386 | 1 |
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Headquarters & Premises - Leisure Premises |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| 1 | | 09 Feb 2012 | £8m hotel opens in Leicester - 35 jobs created | A new 115-bedroom Ramada Encore hotel has opened in Leicester, Leicestershire after an £8m investment from building owner and businessman Indi Johal. Thirty five full and part time jobs have been created as a direct result. The hotel will be operated by the Akkeron Hotels Group under the Ramada brand. Henrik Jespersen is the General Manager. | Akkeron Hotels Limited | £15m | £0.1m | 502 | 1 |
| | 09 Feb 2012 | £7m homes & leisure development project - 244 new homes - 30 jobs created | Persimmon Homes, in partnership with entrepreneur Brian Morton, is to build 244 new homes as part of a £7m homes and leisure development in Hartlepool, North East England. The development has received approval from Hartlepool Borough Council. The scheme will initially create 30 jobs. | Persimmon Homes Ltd | £1,112m | £91m | 2,186 | 10 |
| | 09 Feb 2012 | Hotel and ski slope planned for Oasis | A HOTEL, indoor arena, indoor ski slope and water park are planned as part of a 65m project to turn the run-down Oasis Leisure Centre into a regional leisure destination. | | | | | |
| 1 | 07 Feb 2012 | Bath hotel sold to private investor | Compass Hotels have sold The Abbey hotel in Bath to Ian and Christa Taylor. The hotel will continue to trade under the Best Western brand despite the change in ownership. | Compass Hotels Limited | £5m | £-1.3m | 143 | 1 |
| 15 | 07 Feb 2012 | 15 pubs sold for £22.9m - Operating profit of £1.7m | Pub company Enterprise Inns, based in Solihull, West Midlands, has exchanged contracts for the sale of 15 pubs to Fuller Smith & Turner for £22.9m. Under Enterprises ownership, the pubs made operating profits of £1.7m in the year to the end of September 2011. | Enterprise Inns Plc | £711m | £350m | 491 | 7,763 |
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Headquarters & Premises - Hotel Development Projects |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| 1 | | 08 Feb 2012 | £8m hotel construction to commence - 40 new jobs | Work on an £8m Premier Inn hotel in Shrewsbury, Shropshire will start in March 2012. The five-storey, 136-bedroom hotel is expected to create 40 new jobs and make a significant contribution to the local economy. | Premier Inn Hotels Ltd | £87m | £12m | 3,433 | 600 |
| 1 | | 08 Feb 2012 | £1.5m hotel development - 40 new jobs | Ruthin Castle Hotel in Denbighshire, Wales, is undergoing a £1.5m refurbishment to create four star facilities after achieving its highest ever turnover in 2011. The upgrade, which includes a new spa and wellness centre, will create 40 new jobs. | Ruthin Castle Limited | £0.0m | £0.0m | 0 | 1 |
| 1 | | 07 Feb 2012 | Staycity to make £16m Newhall Square move | Commercial property developer RO St Bernards Ltd has secured an agreement with Dublin-based serviced apartment operator Staycity to open up to 190 properties at its Newhall Square development in Birmingham, creating a £16m aparthotel. The aparthotel will open in April 2012, creating employment and business opportunities. RO St Bernards recorded £5.6m turnover in 2010. | Ro St Bernards Limited | £6m | £0.0m | 5 | 0 |
| | 07 Feb 2012 | Hotel acquired from Compass Hotels - £1.5m hotel investment | The Abbey Hotel in Bath has been purchased from privately owned hotel group Compass Hotels by Ian and Christa Taylor. The new owners are planning to invest £1.5m into the venue over the next three years after securing support from Barclays Corporate. Work to transform the restaurant and the ground floor of the hotel will be carried out in 2012, while a full refurbishment of the hotels 60 bedrooms is planned for 2013 and 2014. The hotel will continue to trade under the Best Western brand despite the change in ownership. | The Abbey Hotel | £0.0m | £0.0m | 0 | 1 |
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Headquarters & Premises - Call Centres |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 09 Feb 2012 | BT opens three new centres | Telecoms giant BT is opening three new customer service centres this week, including one in the West Midlands. | | | | | |
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New Business Wins & Company Awards - Contracts, Orders |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 07 Feb 2012 | £74m NHS contract secured - potential new jobs | Atos Origin UK Holdings Ltd has secured a £74m, five-year contract to provide IT services to the Department of Health. Atos Origin will help to reduce costs in the NHS and provide the necessary ICT for planned NHS reforms. The contract has the potential to create new jobs. | Atos Origin Uk Holdings Limited | £0.0m | £0.0m | 0 | 1 |
| | 07 Feb 2012 | £63m BP contract secured - 100 jobs secured | Offshore engineering group Subsea 7 has secured a £63m contract with BP for work on a major project off the Shetland Islands. The contract will secure the future of 100 jobs in Wick. Subsea 7, a £59.6m turnover company with a 5,500-strong global workforce, has previously worked with BP on similar contracts. | Subsea 7 Limited | £597m | £96m | 0 | 1 |
| | 08 Feb 2012 | £50m Investment - 50 New Jobs - Contract Won - £92.4m Turnover | The North Star shipping arm of Craig Group is investing £50m to have two extra supply vessels built after being appointed to support Talisman Energy's North Sea operations for five years. The company expects to create 50 new jobs to fulfil the contract, which provides fresh evidence of how strong activity levels in the North Sea are generating work for services firms. The vessels are due for delivery in the second and fourth quarter of 2013. | Craig Group Ltd | £92m | £10m | 954 | 2 |
| | 08 Feb 2012 | £50m Investment - 50 New Jobs - Contract Won - £7.3m Turnover | The North Star shipping arm of Craig Group is investing £50m to have two extra supply vessels built after being appointed to support Talisman Energy's North Sea operations for five years. The company expects to create 50 new jobs to fulfil the contract, which provides fresh evidence of how strong activity levels in the North Sea are generating work for services firms. The vessels are due for delivery in the second and fourth quarter of 2013. | North Star Shipping (Aberdeen) Limited | £7m | £0.4m | 41 | 9 |
| | 07 Feb 2012 | £25m Yorkshire Water contract secured - renewable energy scheme - potential new jobs | Morgan Sindall Plc has secured a contract to design and build a £28m biogas plant for Yorkshire Water in partnership with sustainable design and management consultancy Grontmij. The contract is worth £25m to Yorkshire Water and has the potential to create new jobs. | Morgan Sindall Plc | £2,102m | £42m | 7,662 | 3 |
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New Business Wins & Company Awards - Awards |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
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| | 09 Feb 2012 | Creme de la Creme award secured - national business accolade | The Creation Station Ltd's franchise in Sutton Coldfield, West Midlands, has gained the national Creme de la Creme award for the art and crafts experiences it offers to children. The franchise, which runs weekly classes for children, is managed by Sue Morrow-Jones. | The Creation Station Ltd | £0.0m | £0.0m | 0 | 0 |
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Mergers & Acquisitions - Mergers, Acquisitions & Flotations |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 07 Feb 2012 | £4.2m private equity investment - MBO - business expansion strategy | 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. | Aero Stanrew Limited | £10m | £1m | 133 | 4 |
| | 07 Feb 2012 | £4.2m investment - Aero Stanrew MBO | Cardiff-based private equity firm WestBridge Fund Managers has invested £4.2m as part of a £8.5m management buyout at Devon-based aerospace component manufacturer Aero Stanrew. The investment is WestBridge's largest to date. | Westbridge Capital LLP | £0.0m | £0.0m | 0 | 1 |
| | 09 Feb 2012 | £18.3m acquisitions - international energy market expansion | Cambridge risk management software company Brady Plc has made two acquisitions totalling £18.3m: Norway-based Navita Systems AS, which provides systems for power, gas, and other energy and commodity trading, and Swiss company syseca AG which provides logistics software for the electricity markets. In 2010 Brady recorded turnover of £11.1m and employed 86 staff. | Brady Plc | £11m | £0.6m | 86 | 2 |
| | 09 Feb 2012 | £145m Takeover by Jewson - Concern from Fair Trading - 22 areas with competition concerns | Coventry-based Jewson has offered to sell off branches in 22 separate local areas to remedy the Office of Fair Trading's competition concerns over its purchase of Build Center. The builders' merchant agreed to buy Build Center from Leamington Spa-based Wolseley UK last year for £145m. | Builder Center Limited | £0.0m | £0.0m | 0 | 0 |
| | 09 Feb 2012 | £100m bank refinancing secured - Majority stake of business sold | Healthcare at Home, based in Burton on Trent, Staffordshire has sold a majority stake of the business to private equity house Vitruvian Partners. The company has also secured £100m of bank refinancing with RBS and HSBC. As a result of the investment the executive management team is to expand. Mike Gordon is Chief Executive of Healthcare at Home. | Healthcare At Home Limited | £814m | £20m | 664 | 16 |
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Budgets & Expenditure - IT |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 09 Feb 2012 | Demand for IT staff increases in 2012 | Demand for permanent IT staff increased in January with these workers the second most in demand professionals. | | | | | |
| | 07 Feb 2012 | Commvault expands Simpana data management features | CommVault has added new features to its Simpana data management solution, to help customers to lower data management costs. | Commvault Systems Limited | £15m | £0.4m | 93 | 1 |
| | 07 Feb 2012 | British IT companies attracting strong private equity investment | Despite wider economic conditions, private equity firms are still investing in the UK's IT sector | | | | | |
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Budgets & Expenditure - Marketing |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
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| | 07 Feb 2012 | £124m increase in promotional spend - cautious outlook | Anglo-Dutch company Unilever, the world's second-biggest maker of branded household products by sales, increased its marketing budget by £124m to £5.13bn in 2011. Net profits increased 1% from £3.8bn to £3.83 in 2011 but the company is cautious of the future outlook due to difficult conditions in mature economies. | Unilever PLC | £38,653m | £5,536m | 165 | 2 |
| | 07 Feb 2012 | To increase advertising budget - branding campaigns | Everything Everywhere Ltd is launching a marketing campaign for its T-Mobile and Orange brands. The campaign will position T-Mobile as a value service and Orange as a higher-end service. | Everything Everywhere Limited | £5,298m | £-40.0m | 16,000 | 700 |
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Companies Receiving Investment - Venture Capital |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
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| | 09 Feb 2012 | £24m investment received - 20% share of company sold | Audio equipment company Bowers & Wilkins Group Limited based in Worthing, West Sussex.London has received a £24m investment from London based investment trust company Caledonia Investments. Caledonia Investment will own a 20% of the company as a direct result. | Bowers & Wilkins Group Limited | £0.0m | £0.0m | 0 | 1 |
| | 09 Feb 2012 | £24m investment in audio equipment company - 20% share acquired | London based investment trust company Caledonia Investments has invested £24m for a 20% share in audio equipment company Bowers & Wilkins Group Limited based in Worthing, West Sussex. | Caledonia Investments PLC | £206m | £0.0m | 797 | 1 |
| | 09 Feb 2012 | £2.3m investment received - Management buy in | Packaging manufacturer Viscose Closures, based in Swansea in Wales has received £2.3 investment from fund management company Finance Wales as part of a £5m management buy-in. | Viscose Closures Limited | £8m | £0.5m | 57 | 1 |
| | 09 Feb 2012 | £2.3m investment into packaging manufacturer | Fund management company Finance Wales has invested £2.3m into Swansea-based packaging manufacturer Viscose Closures as part of a £5m management buy-in. | Finance Wales Plc | £8m | £8m | 91 | 4 |
| | 08 Feb 2012 | £150,000 investment - new jobs | Northumberland-based Wood Heating has secured a £150,000 investment to recruit new staff following an increase in sales. The investment was from Finance for Business North East’s accelerator fund. Guaranteed government financial subsidies are expected to significantly increase demand for the firm's biomass boilers. | Wood Heating Company (Stoves) Ltd (The) | £0.0m | £0.0m | 0 | 1 |
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Companies Receiving Investment - Private Equity / Bank Funding |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 09 Feb 2012 | £70m refinancing - business expansion strategy - potential new jobs | Rotherham-based Energy Alloys UK Ltd, which provides oil field metals and equipment to energy companies, has secured a £70m senior secured credit facility to fund future growth and provide working capital. The company's expansion has the potential to create business and employment opportunities. Energy Alloys employs 110 staff in the UK. | Energy Alloys UK Ltd | £36m | £2m | 119 | 5 |
| | 07 Feb 2012 | £4.2m investment - Aero Stanrew MBO | Cardiff-based private equity firm WestBridge Fund Managers has invested £4.2m as part of a £8.5m management buyout at Devon-based aerospace component manufacturer Aero Stanrew. The investment is WestBridge's largest to date. | Westbridge Capital LLP | £0.0m | £0.0m | 0 | 1 |
| | 09 Feb 2012 | £100m bank refinancing secured - Majority stake of business sold | Healthcare at Home, based in Burton on Trent, Staffordshire has sold a majority stake of the business to private equity house Vitruvian Partners. The company has also secured £100m of bank refinancing with RBS and HSBC. As a result of the investment the executive management team is to expand. Mike Gordon is Chief Executive of Healthcare at Home. | Healthcare At Home Limited | £814m | £20m | 664 | 16 |
| | 07 Feb 2012 | £1.5m funding secured - technology development strategy | 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. | eoSemi Ltd | £0.0m | £0.0m | 0 | 1 |
| | 09 Feb 2012 | £1.5m funding secured - Jobs created - International expansion | Loughborough engineering firm Phase Vision is to create jobs and expand internationally after securing a £1.5 million investment. The company is looking to sell its products in Asia, America and Europe. It hopes to create at least eight jobs in sales, support and production by the end of 2012. Ralph Weir is the chief executive. | Phase Vision Ltd | £0.0m | £0.0m | 0 | 1 |
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Performance & Profits - Profits |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
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| | 09 Feb 2012 | £650m turnover - Triumph Motorcycles sales up 11% | Derbyshire-based Bloor Holdings recorded £650m turnover in the year to June 2011, while profit increased to £22.8m, compared with £19.6m in 2010. Triumph Motorcycles accounted for £345.3m of sales, an 11% increase from 2010. The group, which includes Bloor Homes, employs approximately 2,000 staff. | Bloor Holdings Limited | £655m | £36m | 2,015 | 2 |
| | 08 Feb 2012 | Revenue up 3% - Profit down 1% - Workforce reduced by 7% | Hull based Smith & Nephew, Europes biggest artificial knee and hip maker, has recorded a 1% fall in profits for the last three months in 2011 to £176m. Group revenue rose 3% for the same period to £698m. The company is to cut costs by £95m and will be reducing its workforce by 7%. Olivier Bohuon is Chief Executive of Smith & Nephew Plc. | Smith & Nephew PLC | £2,467m | £573m | 10,172 | 5 |
| | 08 Feb 2012 | Returns to profit - turnover falls to £82.21m | Recruitment company Eden Brown recorded profits of £1.6m for the year to March 2011, compared with a loss of £1.22m the previous year. During the year is reduced administrative costs by approximately £4m and reduced staff headcount from 188 to 178. Turnover fell from £87.81m to £82.21m. | Eden Brown Ltd | £88m | £-1.1m | 188 | 2 |
| | 07 Feb 2012 | Profits up to £11.2m - expansion strategy | Despite the difficult economic climate Bruntwood Group's pre-tax profits increased 1% to to £11.2m in the year to 30 September 2011. Turnover fell from £100.2m to £99m. The company recorded a strong performance in new lettings and customer retention. Going forward, it plans to expand in the science and technology sector in Manchester. | Bruntwood Group Limited | £100m | £41m | 366 | 1 |
| | 09 Feb 2012 | Profits up 48% - Revenue falls 5% - 146,000 new customers | Telecoms company BT has recorded a 48% rise in profits as a result of customer demand for high speed broadband and cost cutting involving the loss of 30,000 jobs. The company made £652million in the last three months of 2011 and revenue fell 5%. BTs broadband customers increased by 146,000 during the same period. Ian Livingston is Chief Executive of BT. | BT Group PLC | £20,076m | £2,578m | 93 | 1 |
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Performance & Profits - Business Performance |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 09 Feb 2012 | £650m turnover - Triumph Motorcycles sales up 11% | Derbyshire-based Bloor Holdings recorded £650m turnover in the year to June 2011, while profit increased to £22.8m, compared with £19.6m in 2010. Triumph Motorcycles accounted for £345.3m of sales, an 11% increase from 2010. The group, which includes Bloor Homes, employs approximately 2,000 staff. | Bloor Holdings Limited | £655m | £36m | 2,015 | 2 |
| | 07 Feb 2012 | £124m increase in promotional spend - cautious outlook | Anglo-Dutch company Unilever, the world's second-biggest maker of branded household products by sales, increased its marketing budget by £124m to £5.13bn in 2011. Net profits increased 1% from £3.8bn to £3.83 in 2011 but the company is cautious of the future outlook due to difficult conditions in mature economies. | Unilever PLC | £38,653m | £5,536m | 165 | 2 |
| | 09 Feb 2012 | £1.5m funding secured - Jobs created - International expansion | Loughborough engineering firm Phase Vision is to create jobs and expand internationally after securing a £1.5 million investment. The company is looking to sell its products in Asia, America and Europe. It hopes to create at least eight jobs in sales, support and production by the end of 2012. Ralph Weir is the chief executive. | Phase Vision Ltd | £0.0m | £0.0m | 0 | 1 |
| | 08 Feb 2012 | Turnover up 75% - Secured projects worth £380m | London based McLaren Construction Group has recorded turnover of £267m for the year ending July 2011, up 75% from 2010. The company has secured project for 2011/12 of approximately £380m. The group is continuing to expand its customer base in London, with key projects and recent contracts secured over the 2012 financial year. Kevin Taylor is Chairman at McLaren Construction Group. | Mclaren Construction Group Limited | £153m | £3m | 196 | 1 |
| | 07 Feb 2012 | Turnover up 5% - Margins down - 4000 employees | Unilever has reported strong growth despite difficult market conditions with turnover at the company up by 5 per cent to £38.6bn. company reported a 6.5 per cent underlying sales increase, mainly helped by growth in emerging markets. Paul Polman is Chief Executive. | Unilever UK Ltd | £1,772m | £122m | 3,985 | 2 |
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Performance & Profits - Products and Services |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 07 Feb 2012 | £4.2m private equity investment - MBO - business expansion strategy | 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. | Aero Stanrew Limited | £10m | £1m | 133 | 4 |
| | 07 Feb 2012 | £1.5m funding secured - technology development strategy | 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. | eoSemi Ltd | £0.0m | £0.0m | 0 | 1 |
| | 09 Feb 2012 | TomTom enters UK motor market with CCV broker | Author:Martin Friel | | | | | |
| | 09 Feb 2012 | Recruiting 300 staff - service improvements | London Underground Ltd is recruiting 300 customer service assistants for its Tube stations to fill vacancies created by natural wastage and internal promotion. The company is recruiting 160 new train drivers internally after increasing the number of services is offers. London underground recorded £1.92bn turnover for the year to March 2011 and employed 18,054 staff. | London Underground Ltd | £1,922m | £-89.3m | 18,054 | 3 |
| | 07 Feb 2012 | New joint venture company - 28 jobs saved | Norfolk based NPS Group, a property design and management service company has established a new joint venture company with Leeds City Council, to provide architectural design services for council construction projects. The new company has been called NPS Leeds and will be part owned by the council and managed by NPS, with the council retaining equal control on decisions. The councils in-house design team is set to transfer to the new company, safeguarding their jobs. Mike Britch is NPS Group Managing Director. | NPS Group | £0.0m | £0.0m | 0 | 1 |
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Hot Topic - Renewable Energy |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 07 Feb 2012 | £25m Yorkshire Water contract secured - renewable energy scheme - potential new jobs | Morgan Sindall Plc has secured a contract to design and build a £28m biogas plant for Yorkshire Water in partnership with sustainable design and management consultancy Grontmij. The contract is worth £25m to Yorkshire Water and has the potential to create new jobs. | Morgan Sindall Plc | £2,102m | £42m | 7,662 | 3 |
| | 07 Feb 2012 | Acquires Greenpark Energy - £6m investment | As part of its ongoing expansion, Nottinghamshire-based alternative energy company Alkane Energy has acquired rival company Greenpark Energy for £5.7m. | Alkane Energy PLC | £7m | £1m | 13 | 2 |
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