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Close Asset Management Holdings Limited

Tue, 22 May 2012 09:04:24 +0100

Restructuring strategy - losses continue
Close Asset Management recorded a loss in its 2012 interim results but its restructuring strategy has entered its final stage. Private client assets under management increased from £6.9bn to £7bn over the three months to the end of April 2012. Turnover in 2011 was £32m, 399 employees.

Neptune Investment Management Limited

Mon, 21 May 2012 08:33:16 +0100

Sales team restructured - head of strategic partners appointed
Neptune has continued to strengthen its sales team with the appointment of Andy Larkin as head of strategic partners. The firm has reviewed its UK retail sales team and appointed Adam Hughes as head of UK wholesale. The restructuring is expected to provide a better service for clients across the UK. 2010 turnover £80.9m, 92 employees.

Crown Place Vct Plc

Fri, 18 May 2012 18:00:02 +0100

Board changes at investment company - Director retires - New Director reported
Vikram Lall CBE, a Director of London based investment company Crown Place Vct Plc, is to retire from the Board. Richard Huntingford has been appointed to the Board with immediate effect as Mr Lalls replacement. Mr Huntingford is a Chartered Accountant. Patrick Crosthwaite is Chairman of Crown Place Vct Plc.

Endless Llp

Fri, 18 May 2012 08:55:00 +0100

25m investment - Bathstore and Cinesite acquired
Private equity firm Endless has invested 15m in the acquisition of Bathstore from Wolseley and 10m in Cinesite, which it acquired from Kodak. Further investment is expected. Endless is investing in Wolseleys ecommerce operation and is recapitalising Cinesite.

KAMES CAPITAL PLC

Fri, 18 May 2012 08:02:17 +0100

£1.5m office refurbishment - Work starting August 2012
Landlord Kames Capital is to embark on a £1.5m refurbishment of an office block in Manchester city centre. The work will begin in August and be completed by December 2012. Project management practice Powell Williams will manage the project. John Benham is an assistant fund manager at Kames.

Brainspark Plc

Thu, 17 May 2012 11:23:01 +0100

Strengthens board - appoints CEO
Investment company Brainspark has strengthened its board with the appointment of Cesare Suglia as chief executive. Mr Suglia joins Brainspark from ORH, a manager of tour operators, hotels and resorts, where he is Chief Financial Officer. He will help to establish Brainspark as a leading investor in real estate and leisure assets.

Forrester Boyd (Lincolnshire) Limited

Thu, 17 May 2012 09:50:13 +0100

Skegness office opened - Michael May Chartered Accountants acquired
Forrester Boyd has acquired fellow chartered accountancy firm Michael May. The acquisition gives the expanding firm an office in Skegness, Lincolnshire and increases total staff headcount to 150. The team at Skegness is headed by partner Alan Nesbitt.

HSBC Holdings PLC

Thu, 17 May 2012 08:38:08 +0100

Closing Lincolnshire branch - fall in demand for service
HSBC Bank is closing its branch in Woodhall Spa, Lincolnshire, due to a decrease in customers using it. All staff employed at the branch will be redeployed to other branches including Horncastle and there will be no redundancies.

Business Growth Fund Plc

Wed, 16 May 2012 10:39:17 +0100

8m investment provided to pub business - Minority stake obtained
The Business Growth Fund has invested 8m in pub business Wear Inns to enable them to acquire new sites which will result in the creation of 40 new jobs. The fund will take a minority stake in the business. NVM Private Equity has also invested 2m in Wear Inns.