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Search News : 4th February 2012 - 11th February 2012

People & Jobs

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Job Gains / Losses

GainLossDateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
3509 Feb 2012£8m hotel opens in Leicester - 35 jobs createdA 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£0.1m5021
4008 Feb 2012£8m hotel construction to commence - 40 new jobsWork 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£12m3,433600
3009 Feb 2012£7m homes & leisure development project - 244 new homes - 30 jobs createdPersimmon 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£91m2,18610
09 Feb 2012£70m refinancing - business expansion strategy - potential new jobsRotherham-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£2m1195
07 Feb 2012£63m BP contract secured - 100 jobs securedOffshore 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£96m01
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People & Jobs

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Management Moves

GainLossDateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
10 Feb 2012Robert Hiscox Retires - 280 Employees - Annual Turnover £255.6mProperty trading and development company Grainger plc, have confirmed that Robert Hiscox has retired from the company. Annual Turnover is £255.6m, total employees 280.Grainger PLC£296m£130m2748
107 Feb 2012Risk assurance head appointedPwC 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£0.0m01
10 Feb 2012Plymouth City Council chief executive steps down after 'turning round' councilCOUNCIL chief Barry Keel is to leave the authority after seven years in charge having helped it to achieve "major goals".
08 Feb 2012Paragon UK appoints John Fox to develop its trade divisionCommercial printer Paragon UK has appointed John Fox, former Grasmere Business Forms operations manager, as sales manager for its trade division.
110 Feb 2012Opening respiratory physics laboratory - creating jobs - manager appointedTeam Consulting has appointed a new respiratory physics laboratory in Ickleton, Cambridgeshire after 2011 proved to be its most successful year financially. The company plans to double in size within five years and will take on further office and laboratory space and more staff. Mark Shepherd has been appointed manager of the new laboratory.Team Consulting Limited£0.0m£0.0m01
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People & Jobs

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Outsourcing

GainLossDateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
09 Feb 2012Escher wins big contract with leading postal authorityShares 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 2012Acquires Smiths Consulting - £10m investmentOutsourcing 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£347m35,41510
10 Feb 2012Acquires Fountains Environmental - business expansionSussex-based OCS Group has taken over the assets from Fountains Environmental Limited, which was placed into administration in January 2012. The takeover is part of OCS Group's strategy to develop its leading position in the UK facilities management market. OCS has 56,000 employees and recorded turnover of £491.3m in the year to March 2011.OCS Group UK Limited £491m£5m60,1584
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Headquarters & Premises

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Office Premises

GainLossDateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
109 Feb 2012To open Solihull office - automotive sector expansion - potential new jobsFircroft 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£0.0m01
108 Feb 2012Sustained business growth - larger premisesFalkirk-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£0.0m01
10 Feb 2012Sales up 23% to £54m - New offices opened - 120 staffDriving and industrial recruiters Transline Resource Group turnover has increased 22.8% to £54.34 million, the fourth year in a row of double-digit growth. In 2011, the firm opened new offices in Scotland, the Midlands, the South-East and the South-West. It employs 120 staff across 54 locations.Transline Resource Group £0.0m£0.0m00
208 Feb 2012Regional expansion strategy - creating jobsEnergy 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£0.0m01
108 Feb 2012Opens third office - business expansion - potential new jobsLudgate 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£0.0m01
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Headquarters & Premises

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Industrial Premises

GainLossDateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
1008 Feb 2012£40m expansion plan - 10 New Farms - 100 New Jobs - 5 Year PlanThe 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£0.0m01
10 Feb 2012£2m factory extension - 25 jobs createdSteel company Erasteel Stubs has opened a £2million extension to its factory in Wilderspool, Cheshire. The phased expansion programme has created around 25 jobs.Erasteel (UK) Limited£9m£0.9m172
108 Feb 2012Rutland factory to close - 31 jobs lostGenerator 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£12m03
108 Feb 2012Heating installation company goes into administration - Jobs lostHeating installation company Gavin Ward Ltd, based in Burnley, Lancashire, has gone into administration. The companys insulation and building services division will be closed, however the heating and plumbing division of the group will continue trading. The company employs approximately 50 people and those working in the insulation and building services division will lose their jobs.Gavin Ward Limited£0.0m£0.0m01
108 Feb 2012Food factory developemt - 500 new jobs plannedBradford food manufacturing group Mumtaz will create 500 jobs in the 3 years to 2014 as part of multi-million pound plans to build a food factory. Construction will begin in February 2012 and be completed by the end of the year.Mumtaz Limited£0.0m£0.0m02
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Headquarters & Premises

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Retail Premises

GainLossDateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
108 Feb 2012£20m Morrisons contract secured - potential new jobsInterior 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£9m2,5271
110 Feb 2012£150m development approved - potential new jobsDevelopment Securities has secured outline planning consent for a £150m redevelopment around London's Shepherd’s Bush market in a joint venture with Orion Land and Leisure. The redevelopment of the 1.9-hectare site will provide apartments, houses, a 4,000 sq m refreshment area and 6,000 sq m of shopping places, potentially creating a substantial number of jobs.Development Securities Plc£44m£10m811
108 Feb 2012£1.7m refurbishment completed - Spark Studio opens - potential new jobsSymphony 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£0.0m01
10 Feb 2012Waitrose to open Scottish branch as part of regenerationThe new store will be built on the former Burghmuir Industrial Estate on the edge of the town centre, as part of a regeneration of that site by Stirling Development Agency. Year to January 2011 turnover was £4.7bn, employees numbered 44,800.Waitrose Ltd£4,700m£253m43,000241
110 Feb 2012New Showroom - 4 More Showrooms Planned - Turnover £61.4m - Profit £551KHinckley-based Hammonds Furniture Group has opened a new 1,300 sq ft showroom at Peterborough Garden Park. The fitted furniture specialist has more than 70 showrooms across the country, as well as a presence in another 60 retailers operating as concessions. The new showroom is the first of 2012, with another five planned by the end of the year. Richard Hammonds is ChairmanHammonds Furniture Ltd£61m£0.5m94784
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Headquarters & Premises

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Healthcare Premises

GainLossDateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
110 Feb 2012Opening respiratory physics laboratory - creating jobs - manager appointedTeam Consulting has appointed a new respiratory physics laboratory in Ickleton, Cambridgeshire after 2011 proved to be its most successful year financially. The company plans to double in size within five years and will take on further office and laboratory space and more staff. Mark Shepherd has been appointed manager of the new laboratory.Team Consulting Limited£0.0m£0.0m01
110 Feb 2012New £1.5m care home - 35 jobs created - Opening April 2012Rectory Care is to create up to 35 new jobs by the £1.5 million conversion of a former Elysium health club in Albrighton, Shropshire, into a care home. The 31-bedroom home is due to be completed in April 2012.Rectory Care Limited£0.0m£0.0m01
110 Feb 2012NHS approves £1.5m medical centre - potential new jobsRealise Health Ltd has been selected by NHS North Essex to build a £1.5m medical centre in Wivenhoe. It will be nearly three times the size of the existing surgery in Wivenhoe, which it will replace. The centre could offer minor surgery, mental health services, physiotherapy and specialist diabetes clinics, creating business and employment opportunities.Realise Health Limited £0.0m£0.0m01
110 Feb 2012Health centre opened - £16.5m investment by Citycare partnershipNHS Hull has opened a £16.5m health centre in Hull which will offer a range of services, including sexual health and GP practices. It is the tenth health centre to be delivered by Citycare, a partnership between NHS Hull and the Sewell Group, as part of the city's Local Improvement Finance Trust programme.NHS Hull£0.0m£0.0m01
109 Feb 2012Day care centre to close - jobs at risk - £22m budget cutsSt 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£0.0m01
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Headquarters & Premises

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Educational Premises

GainLossDateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
109 Feb 2012£18.9m facility nears completion - supporting nuclear power developmentsAn £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£0.0m01
109 Feb 2012£100m student village - potential new jobsAEW 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£0.0m01
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Headquarters & Premises

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Public Service Premises

GainLossDateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
08 Feb 2012£129m police accommodation project - Appointed principal contractorThe 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£7m4084
08 Feb 2012£129m police accommodation projectThe 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£0.0m01
1708 Feb 2012Selling 17 sites - regeneration plans - potential construction apprenticeshipsHarlow 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£0.0m01
109 Feb 2012Control centre opened- £2.25m capital investment - 100 jobs createdLondon 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£0.0m01
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Headquarters & Premises

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Cultural Premises

GainLossDateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
108 Feb 2012Budget cut - 30 job losses - closing studioTV 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£5m3861
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Headquarters & Premises

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Leisure Premises

GainLossDateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
109 Feb 2012£8m hotel opens in Leicester - 35 jobs createdA 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£0.1m5021
09 Feb 2012£7m homes & leisure development project - 244 new homes - 30 jobs createdPersimmon 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£91m2,18610
10 Feb 2012New cinema complex for StratfordStratford WILL be getting a new multi million pound cinema complex.
09 Feb 2012Hotel and ski slope planned for OasisA 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.
1507 Feb 201215 pubs acquired for £22.9mLondon headquartered brewery company Fuller Smith & Turner has purchased 15 pubs from Enterprise Inns, based in Solihull, West Midlands for £22.9m. The pubs made operating profits of £1.7m in the year to the end of September 2011 whilst under Enterprise Inns ownership.Fuller Smith & Turner Plc£0.0m£0.0m01
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Headquarters & Premises

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Hotel Development Projects

GainLossDateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
108 Feb 2012£8m hotel construction to commence - 40 new jobsWork 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£12m3,433600
108 Feb 2012£1.5m hotel development - 40 new jobsRuthin 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£0.0m01
110 Feb 2012Kings Lynn Travelodge Approved - 16 Jobs Created - Company GrowthPlans for a new 68-bed motel in Kings Lynn have been approved by West Norfolk Council. The new motel will create 16 full and part-time jobs.Travelodge Hotels Ltd£332m£3m3,395400
10 Feb 2012Hotel's new owners plan 1.5m revampA 1.5 million modernisation programme designed to transform one of Bath's oldest hotels into a mid-market boutique offering has been announced by its new owners.
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Headquarters & Premises

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Call Centres

GainLossDateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
10 Feb 2012Recyclebank contract secured - potential new jobsCroydon-based contact centre Call Britannia has secured a contract to provide customer service support for Recyclebank, which lets members earn points for taking everyday green actions. Call Britannia expects to create jobs as a result of the new contract. It recruits people who have been unemployed for 6 months or over.Call Britannia Contact Centres Ltd£0.0m£0.0m01
10 Feb 2012Recruitment drive for contact centreA MAJOR recruitment drive has been launched to fill a number of new roles, bringing a jobs boost to the city.
110 Feb 2012Call centre opened - creating 200 jobsEtihad Airlines Ltd has opened a call centre at Manchester Airport. The airline has doubled daily flights from Manchester and plans to increase staff headcount at the airport from 100 to 300 by the end of 2012. The call centre will take calls from customers booking flights 27 countries and will provide a 24-hour service.Etihad Airlines Ltd£0.0m£0.0m01
09 Feb 2012BT opens three new centresTelecoms giant BT is opening three new customer service centres this week, including one in the West Midlands.
10 Feb 20123 New Customer Service Centres - Jobs Created - Turnover £15.6bnTelecoms company BT is opening three new customer service centres, one in the West Midlands, one in South Tyneside and one in Lancashire creating hundreds of new jobs. Annual Turnover £15.6bnBT Group PLC£20,076m£2,578m931
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New Business Wins & Company Awards

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Contracts, Orders

   DateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
07 Feb 2012£63m BP contract secured - 100 jobs securedOffshore 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£96m01
08 Feb 2012£50m Investment - 50 New Jobs - Contract Won - £92.4m TurnoverThe 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£10m9542
08 Feb 2012£50m Investment - 50 New Jobs - Contract Won - £7.3m TurnoverThe 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£0.4m419
10 Feb 2012£250,000 contract secured - supplying mobile phones to AdmiralCardiff-based mobile phone company The Word Direct Ltd has secured a £250,000 contract to supply Admiral Group and Confused.com with mobile telephones.The Word Direct Limited£0.0m£0.0m01
08 Feb 2012£20m Morrisons contract secured - potential new jobsInterior 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£9m2,5271
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New Business Wins & Company Awards

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Awards

   DateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
10 Feb 2012Secures award for training - Training Excellence accreditationAldridge, West Midlands-based In-Comm Training & Business Services has been recognised under a new Training Excellence scheme. It will hold a Training Excellence accreditation for two years, demonstrating its expertise in responding to the training needs of employers.In-Comm Business Services Limited£0.0m£0.0m01
09 Feb 2012Creme de la Creme award secured - national business accoladeThe 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£0.0m00
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Mergers & Acquisitions

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Mergers, Acquisitions & Flotations

   DateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
09 Feb 2012£18.3m acquisitions - international energy market expansionCambridge 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£0.6m862
09 Feb 2012£145m Takeover by Jewson - Concern from Fair Trading - 22 areas with competition concernsCoventry-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£0.0m00
09 Feb 2012£100m bank refinancing secured - Majority stake of business soldHealthcare 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£20m66416
09 Feb 2012Wrap software firm acquired by private equity groupManagement buy-out backed by General Atlantic and HIG Capital to be reviewed in relation to European merger rules.
08 Feb 2012Sandnessjen Engineering Acquired - Company GrowthAker Solutions has acquired Norwegian engineering company Sandnessjøen Engineering. The acquisition will strengthen Aker Solutions' presence in northern Norway and grow the company's engineering capacity for offshore projects.Aker Solutions E&C International Ltd£4m£-0.6m146
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Budgets & Expenditure

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IT

   DateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
10 Feb 2012£2.7m cost savings plan - major IT investment - technology partners appointedBristol City Council has selected Capgemini UK and ClickSoftware Technologies Ltd to provide an automated workforce management system which will save £2.7m a year in operational costs by 2014. The IT system will help improve organisation of repairs and maintenance of 28,000 local homes.Bristol City Council £0.0m£0.0m01
10 Feb 2012IT industry must drive broadband to boost UK economy, Intellect tells Annual Regent Conference 2012The IT industry must invest in UK skills and technology infrastructure such as broadband to boost economic growth.
09 Feb 2012Demand for IT staff increases in 2012Demand for permanent IT staff increased in January with these workers the second most in demand professionals.
07 Feb 2012Commvault expands Simpana data management featuresCommVault has added new features to its Simpana data management solution, to help customers to lower data management costs.Commvault Systems Limited£15m£0.4m931
10 Feb 2012British IT companies attracting strong private equity investmentDespite wider economic conditions, private equity firms are still investing in the UK's IT sector
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Budgets & Expenditure

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Marketing

   DateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
10 Feb 2012Strengthens digitial marketing - creative agency appointedVimto Ltd, which is owned by Mereyside-based Nichols Plc, is re-focusing its marketing spend from TV to digital. The brand aims to capitalise on its growing online popularity. London creative agency Lean Mean Fighting Machine has been appointed to handle the digital strategy.Vimto Limited£0.0m£0.0m01
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Companies Receiving Investment

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Venture Capital

   DateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
09 Feb 2012£24m investment received - 20% share of company soldAudio 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£0.0m01
09 Feb 2012£24m investment in audio equipment company - 20% share acquiredLondon 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£0.0m7971
09 Feb 2012£2.3m investment received - Management buy inPackaging 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£0.5m571
09 Feb 2012£2.3m investment into packaging manufacturerFund 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£8m914
08 Feb 2012£150,000 investment - new jobsNorthumberland-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£0.0m01
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Companies Receiving Investment

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Private Equity / Bank Funding

   DateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
09 Feb 2012£70m refinancing - business expansion strategy - potential new jobsRotherham-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£2m1195
09 Feb 2012£100m bank refinancing secured - Majority stake of business soldHealthcare 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£20m66416
09 Feb 2012£1.5m funding secured - Jobs created - International expansionLoughborough 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£0.0m01
10 Feb 2012Company expansion - £150K Investment Secured - New ProductsAmitex supplies a range of green, energy efficient LED lighting products to electrical wholesalers in the UK, is looking to expand after securing £150K investment from the Finance For Business North East Growth Fund, administered by NEL Fund Managers. The cash will provide Amitex with the working capital and infrastructure it requires to support an extended operation, and help it bring new products to market.AMITEX INTERIORS LIMITED£0.0m£0.0m02
10 Feb 2012British IT companies attracting strong private equity investmentDespite wider economic conditions, private equity firms are still investing in the UK's IT sector
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Performance & Profits

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Profits

   DateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
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£36m2,0152
10 Feb 2012£632m loss in quarter - Sales up 8.5% - Uncertain marketSteel maker ArcelorMittal has posted a £632 million net loss in the fourth quarter to December 2011, mostly due to tax and restructuring charges. The company reported a profit of £416 million in the third quarter of 2011. Sales were up 8.5% at £14 billion from the fourth quarter of 2010. Uncertainty about the European economy has lowered steel prices and shipments.Arcelormittal Limited£38m£5m961
10 Feb 2012Sales and profits growth - ongoing business expansionWales-based Tremorfa Group, which provides building services in the mechanical, electrical, fire, security and IT sectors, expects further sales and profits growth in 2012 after doubling profit from £90,812 to £232,950 in 2011. Sales increased from £10.2m in 2010 to £11.5m. The company has diversified with the recent launch of Tremorfa Wireless Solutions.Tremorfa Group Limited£10m£0.1m1461
08 Feb 2012Revenue 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£573m10,1725
08 Feb 2012Returns to profit - turnover falls to £82.21mRecruitment 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£-1.1m1882
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Performance & Profits

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Business Performance

   DateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
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£36m2,0152
10 Feb 2012£632m loss in quarter - Sales up 8.5% - Uncertain marketSteel maker ArcelorMittal has posted a £632 million net loss in the fourth quarter to December 2011, mostly due to tax and restructuring charges. The company reported a profit of £416 million in the third quarter of 2011. Sales were up 8.5% at £14 billion from the fourth quarter of 2010. Uncertainty about the European economy has lowered steel prices and shipments.Arcelormittal Limited£38m£5m961
10 Feb 2012£200K Expansion Programme - Major Awards Won - New JobsThe Backyard Brewhouse in Brownhills has produced 35 per cent more ale in 2011 compared with 2010, and picked up three major awards through the year. The company is expanding its capacity by more than 300% with a £200K expansion programme that will see them grow from 1400sqft to 2500 sqft .THE BACKYARD BREWHOUSE LIMITED£0.0m£0.0m01
09 Feb 2012£1.5m funding secured - Jobs created - International expansionLoughborough 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£0.0m01
08 Feb 2012Turnover up 75% - Secured projects worth £380mLondon 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£3m1961
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Performance & Profits

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Products and Services

   DateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
10 Feb 2012£200K Expansion Programme - Major Awards Won - New JobsThe Backyard Brewhouse in Brownhills has produced 35 per cent more ale in 2011 compared with 2010, and picked up three major awards through the year. The company is expanding its capacity by more than 300% with a £200K expansion programme that will see them grow from 1400sqft to 2500 sqft .THE BACKYARD BREWHOUSE LIMITED£0.0m£0.0m01
09 Feb 2012TomTom enters UK motor market with CCV brokerAuthor:Martin Friel
10 Feb 2012Sales and profits growth - ongoing business expansionWales-based Tremorfa Group, which provides building services in the mechanical, electrical, fire, security and IT sectors, expects further sales and profits growth in 2012 after doubling profit from £90,812 to £232,950 in 2011. Sales increased from £10.2m in 2010 to £11.5m. The company has diversified with the recent launch of Tremorfa Wireless Solutions.Tremorfa Group Limited£10m£0.1m1461
09 Feb 2012Recruiting 300 staff - service improvementsLondon 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£-89.3m18,0543
10 Feb 2012New jobs - 24-hour service launchedWest Midlands based Manor Vets has launched a 24-hour emergency service, creating new jobs for three veterinary surgeons and three veterinary nurses. The service will start on 20 February 2012.Manor Vets£0.0m£0.0m01
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Hot Topic

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Renewable Energy

   DateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
10 Feb 201275 job losses - selling Lockwood site - creating 30 jobs at new premisesDavid Brown Gear Systems is reducing its 450-strong workforce in Lockwood, Huddersfield by 75. It is selling part of the site to Kirklees Council. A new factory is being built in Mirfield, West Yorkshire, creating 30 jobs. Expansion in the renewables sector is expected to create further jobs. For the year to December 2009 turnover was £54m.David Brown Gear Systems Limited£54m£3m4311
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