People & Jobs - Job Gains / Losses |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 17 May 2012 | £92m contracts awarded - offshore windfarm development | ScottishPower Renewables and Dong Energy have awarded contracts worth £92m for the transportation and installation of turbine foundations for the 389-megawatt West of Duddon Sands offshore windfarm, off the coast of Cumbria. The contracts have the potential to create employment opportunities. | | | £-0.0m | | 1 |
| 100 | | 21 May 2012 | £80m Expansion - 100 New Jobs - Company growth | FISH farm operator Marine Harvest hopes to create 100 new jobs in an £80 million expansion of its Scottish operation between 2012 and 2016. The company already runs 38 farms in Scotland, supporting about 460 jobs. Chairman is Ole Eirik Leroy | | £127m | £33m | 392 | 20 |
| | 16 May 2012 | £500k investment - 30% increase in demand - New site | Whitley Brook Crematorium For Pets is investing £500,000 in a new site in Runcorn, Cheshire, creating new jobs. The company has outgrown its current site following a 30 per cent increase in demand. It will move by the end of 2012. | | | | | 2 |
| | 17 May 2012 | £4bn contracts secured - potential new jobs - ongoing business growth | Outsourcing company Serco has secured contracts worth a combined £4bn in 2012, including £300m of IT contracts. New business has been gained with a variety of organisations including the NHS, Shop Direct and the State Bank of India. The ongoing growth of the company has the potential to create jobs. 2010 turnover £4.3bn, 58,799 employees. | | £4,327m | £241m | 58,799 | 2 |
| 40 | | 17 May 2012 | £3m college expansion - 40 new jobs - vocational training development | Doncaster Deaf Trust is investing £3.2m in a social enterprise centre to offer vocational training for students. The scheme would create 40 office-based jobs. An earlier plan for a £17.5m development was abandoned due to financial restraints. The trust may also create facilities for young people with autism. 2011 turnover £8.1m, 246 employees. | | £8m | | 246 | 2 |
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People & Jobs - Management Moves |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 21 May 2012 | £35m management buy-out - private equity investment - potential new jobs | London-based Leisure Pass Group has been sold to its management team in a £35m buyout, supported by private equity firm Primary Capital. The company will now expand its customer offering in existing and new markets. The ongoing growth strategy has the potential to create jobs. 2010 turnover was £27.6m. | | £28m | £5m | 9 | 2 |
| 1 | 18 May 2012 | £1.2bn trading loss - Chief investment office manager retiring | JP Morgans has made a £1.2bn trading loss for the year to December 2011. Chief investment office boss Ina Drew has taken early retirement. she has offered to resign on several occasions after the office made huge losses. Jamie Dimon is the chief executive. | | £920m | £400m | | 3 |
| | 21 May 2012 | Yahoo\'s chief executive Scott Thompson resigns after 5 months | Yahoo\'s chief executive Scott Thompson resigns after 5 months | | | | | |
| 1 | | 18 May 2012 | UK expansion strategy - sales manager appointed - business expansion and diversification | US-based motor manufacturer, Regal Beloit, is expanding in the UK where it is launching its Marathon brand. The company plans to increase European sales from 33% to 50% of the total by 2015. The corporation is seeking acquisitions and may expand into frequency inverters. Lucie Hodkova has been appointed national sales manager for the UK. | | | | | 1 |
| 1 | | 17 May 2012 | 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. | | | | | 1 |
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People & Jobs - Outsourcing |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 17 May 2012 | UK outsourcing orders down 80% - sales remain at £974m | Logica recorded an 80% fall in UK orders to £101m in the 2012 first quarter, compared with 2011. Sales remained flat at £974m, with worldwide orders falling 24% to £1.05bn. The low UK orders were due to two major contracts, with SOCA and Shell secured in 2011. | | £3,697m | £211m | 38,963 | 1 |
| | 16 May 2012 | Outsourcing contract agreed - 10 jobs lost - Monthly loss of 70k | Keychoice Underwriting is to outsource its underwriting function to Towergate, resulting in 10 redundancies. Keychoice Underwriting will retain responsibility for relationship management, sales and marketing for the business. The company is losing around 70,000 a month. Jonathan Davey is the managing director. | | £0.1m | £-1.5m | 14 | 1 |
| | 16 May 2012 | Outsourcing contract agreed | Towergate Partnership has agreed an outsourcing contract with Keychoice Underwriting. Towergate Underwriting will assume responsibility for the underwriting, pricing, administration and claims handling of Keychoice Underwritings book of business. | | £360m | £57m | 4,064 | 100 |
| | 21 May 2012 | Moneycorp outsouces ATM estate to VocaLink | Moneycorp, a leading non-bank provider of foreign exchange services, has outsourced the management of its ATM estate to VocaLink, the international payments provider. | | | | | |
| 56 | | 17 May 2012 | Major managed services contract secured - expansion in UK | Chinese telecommunications equipment and services provider Huawei has secured a contract to provide network planning and implementation services to Telefonica O2 UK in a five-year outsourcing agreement. 56 permanent roles and 62 contractors will transfer to Huawei. | | £281m | £7m | 436 | 3 |
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Headquarters & Premises - Office Premises |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| 2 | | 18 May 2012 | £1m revenue from Olympics - £121m debt facility secured - expansion in London | Student accommodation provider Unite Group expects Olympic contracts to add up to £1.75m to its revenue. A total of 3,600 of its rooms will be used in relation to the Olympic and Paralympic Games. Unite is acquiring two planned schemes in Stratford and Camden and has secured a £121m debt facility with Legal & General. 2010 turnover £193.4m, 913 employees. | | £193m | £30m | 913 | 7 |
| | 18 May 2012 | £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. | | £1,012m | £-0.5m | | 1 |
| 1 | | 17 May 2012 | 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. | | | | | 1 |
| 1 | | 17 May 2012 | Relocates to new headquarters - restructuring strategy | Aim Legal Expenses Insurance Services has relocated to new headquarters in Stockport following a business review. The company has restructured into four divisions focused on insurance, legal, automotive and claims management sectors. Aim employs 18 staff and turned over £4.2m in 2011. | | £6m | £0.9m | 29 | 1 |
| 1 | | 21 May 2012 | Proposed new nursing home and care home - includes residential and office development | Saint John of God Care Services has applied to build a 60-bed nursing home and an 11-bed care home on the site of the former Saint Clare Abbey in Carmel Road, Darlington. In addition to the two new buildings, it is also proposed to convert the Abbey into residential and office space. | | £23m | | 879 | 1 |
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Headquarters & Premises - Industrial Premises |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 17 May 2012 | £92m contracts awarded - offshore windfarm development | ScottishPower Renewables and Dong Energy have awarded contracts worth £92m for the transportation and installation of turbine foundations for the 389-megawatt West of Duddon Sands offshore windfarm, off the coast of Cumbria. The contracts have the potential to create employment opportunities. | | | £-0.0m | | 1 |
| 4 | | 21 May 2012 | £300,000 factory expansion - new jobs - exceptional business growth | Craftsman Tools has invested £300,000 to expand its factory in Otley, West Yorkshire, following increased demand for its products. Four jobs have been created and more are expected. The firm, which employs 60 people, increased 2011 sales by 39% to £4.8m and similar growth is expected in 2012. It hopes to increase turnover to £6m. | | £4m | £-0.1m | 47 | 1 |
| | 17 May 2012 | £2.8m capital investment - 17 new jobs - £1.5m US contract secured | Prima Dental Group is expanding after securing a £1.5m contract to supply dental drills to the US market. It is investing £2.8m in new equipment and a recruitment campaign to fill 17 new roles at its Gloucestershire factory. The company is experiencing strong export growth. 2010 turnover £7.9m, 104 employees. | | £8m | £1.0m | 104 | 2 |
| 1 | | 17 May 2012 | £1m capital investment - warehouse refurbishment - potential new jobs | Logistics company AK Worthington has completed a £1m refurbishment of a 16,000 sq ft warehouse in Trafford Park, Manchester. The work was carried out by Russells Construction. The investment is the first phase of the two-stage development of an eight-acre site. The development has the potential to create employment opportunities. 2011 turnover £10m, 115 employees. | | £10m | £0.2m | 115 | 2 |
| 1 | | 16 May 2012 | £1bn extra spending - 300 jobs created - Increased demand | Car giant Jaguar Land Rover is to spend an extra £1 billion with suppliers in the UK over the next four years, and plans to create 300 jobs. The company has seen increasing global demand for its cars. The jobs will be based at the new logistics facility in Ellesmere Port, Cheshire, which will open in summer 2012. | | £9,871m | | 17,255 | 1 |
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Headquarters & Premises - Retail Premises |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| 1 | | 16 May 2012 | £500k investment - 30% increase in demand - New site | Whitley Brook Crematorium For Pets is investing £500,000 in a new site in Runcorn, Cheshire, creating new jobs. The company has outgrown its current site following a 30 per cent increase in demand. It will move by the end of 2012. | | | | | 2 |
| 4 | 18 May 2012 | To sell 4 branches - competition concerns | Cheshire wholesaler Edmundson Electrical is selling four branches to facilitate its acquisition of the Electric Center. Selling the branches will mean the takeover does not have to be referred to the Competition Commission. Edmundson Electrical recorded turnover of 851m in 2010, and has 3,000 staff. | | £788m | £47m | 3,051 | 1 |
| 1 | | 21 May 2012 | To open London store - potential new jobs - e-commerce development | Designer label Temperley is opening a 2,500 sq ft store and headquarters in Mayfair, London, creating new jobs. The store is part of Temperleys international development strategy and further growth initiatives are planned, including a New York store in 2013 and the re-launch of e-commerce operations in October 2012. | | £12m | £0.1m | 109 | 1 |
| 1 | | 16 May 2012 | Telford branch opening - 12 potential new jobs | A new Subway fast food outlet is to open in Telford, Shropshire as part of the ongoing expansion of the brand, creating up to 12 jobs. The branch will be run by Simmi Sandhar, who previously ran the Bridgnorth branch before it closed down. | | £26m | £1m | 33 | 10,100 |
| 1 | | 17 May 2012 | Store expansion - potential new jobs | Mid Counties Co-operative is expanding its store in Chipping Norton, Oxfordshire by 17,500 sq ft. It is anticipated that the expansion will create employment and business opportunities. Ben Reid is chief executive of Mid Counties Co-operative. | | | | | 1 |
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Headquarters & Premises - Healthcare Premises |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| 1 | | 21 May 2012 | Site for new hospital identified - 20m capital investment - employment opportunities | Northumbria Healthcare Trust is to build a 20m hospital at the Berwick Academy site, potentially creating new jobs. It will launch a 12-month consultation process followed by a six-month tender process. The hospital could be completed by summer 2015. | | | | | 1 |
| 2 | | 21 May 2012 | Proposed new nursing home and care home - includes residential and office development | Saint John of God Care Services has applied to build a 60-bed nursing home and an 11-bed care home on the site of the former Saint Clare Abbey in Carmel Road, Darlington. In addition to the two new buildings, it is also proposed to convert the Abbey into residential and office space. | | £23m | | 879 | 1 |
| | 21 May 2012 | Proposed new nursing home and care home includes residential and office development | Saint John of God Care Services has applied to build a 60-bed nursing home and an 11-bed care home on the site of the former Saint Clare Abbey in Carmel Road, Darlington. In addition to the two new buildings, it is also proposed to convert the Abbey into residential and office space | | | | | |
| | 17 May 2012 | Nursing home plans new end-of-life care unit | A SPECIALIST 32-bed nursing home providing palliative care for the elderly is set to be built on a derelict site in Sutton Coldfield. | | | | | |
| | 21 May 2012 | Manchester office opened - funding secured for hospital developments | Robertson Group is to commence work on two major hospital developments in Cumbria. Funding has been secured for the £11m Cockermouth Community Hospital and £4m Cleator Moor Health Centre. Robertson opened a new office in Manchester in April 2012. 2011 turnover £204.5m, 1,039 employees. | | £205m | £1m | 1,039 | 1 |
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Headquarters & Premises - Educational Premises |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| 1 | | 17 May 2012 | £3m college expansion - 40 new jobs - vocational training development | Doncaster Deaf Trust is investing £3.2m in a social enterprise centre to offer vocational training for students. The scheme would create 40 office-based jobs. An earlier plan for a £17.5m development was abandoned due to financial restraints. The trust may also create facilities for young people with autism. 2011 turnover £8.1m, 246 employees. | | £8m | | 246 | 2 |
| 1 | | 17 May 2012 | New training academy - 230 jobs created | Aston Martin has opened a 1,400 sq m new training academy in Gaydon, Warwickshire, to train new employees. 230 new jobs have been created by the transfer of production of the Rapide model from Austria to Gaydon. Training will be carried out by staff recruited from the company's own production lines. | | £467m | £28m | 1,147 | 4 |
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Headquarters & Premises - Leisure Premises |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| 1 | | 18 May 2012 | Open fourth Manchester venue - 50 new jobs - £150,000 refurbishment programme | Baa Bar Group is opening a fourth venue in Manchester, creating 50 new jobs. It is also investing £150,000 to upgrade its other three Manchester sites in 2012. The expansion is part of a UK-wide investment programme. Baa Bar operates nine bars and turned over more than £11m in 2011. It employs 320 staff. | | £10m | £1m | 286 | 1 |
| 1 | | 17 May 2012 | New restaurant - 50 New jobs - Company growth | A NEW Harvester restaurant opening in July will create more than 50 jobs in York. Harvesters head of brand manager is Alex Meyer | | £1,533m | £216m | 34,007 | 13 |
| | 17 May 2012 | New Lincolnshire retail park - Construction to start October 2012 | Simons Developments is to construct a retail park in Scunthorpe, Lincolnshire. Three of the four retail units have been let and work is due to start in October 2012. Marks & Spencer are to open a store at the site. Chris Newsome is the development director for Simons Developments. | | £100m | £-2.7m | 305 | 3 |
| 23 | | 17 May 2012 | Gala Casino takeover agreed - 205m investment - acquiring 23 casinos | Rank Group has conditionally agreed to acquire Gala Casinos from Gala Coral Group for 205m. The acquisition includes 23 casinos and creates the largest casino operator in Great Britain with 58 venues and 13 non-operating licences. Rank plans to expand its G Casino format to the acquired venues. Rank Group 2010 turnover 544.5m, 8,937 employees. | | £545m | £62m | 8,937 | 2 |
| | 21 May 2012 | Brand new Camborne hotel and restaurant complex opens | A brand new Camborne hotel and restaurant complex has officially opened its doors, marking a 5.9 million investment that has created 41 jobs for the town. | | | | | |
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Headquarters & Premises - Hotel Development Projects |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| 1 | | 17 May 2012 | New £10m hotel development - Joint venture with hotel group - 55 new potential jobs | London based property development company Reef Estates Limited, along with Premier Inn Hotels Ltd, have submitted plans to build a 10m hotel in Winchester, Hampshire. If approved, the hotel would be built next to the citys fire station, and approximately 55 jobs would be created as a direct result. The hotel would have 101 bedrooms and parking for up to 87 cars. Stewart Deering is Director of Reef Estates. | | | | | 1 |
| 1 | | 17 May 2012 | New 10m hotel development - 55 potential new jobs | Bedfordshire headquartered Premier Inn Hotels Ltd, along with Reef Estates Limited, have submitted plans to build a 10m hotel in Winchester, Hampshire. If approved, the hotel would be built next to the citys fire station, and approximately 55 jobs would be created as a direct result. The hotel would have 101 bedrooms and parking for up to 87 cars. | | £87m | £12m | 3,433 | 600 |
| 1 | | 17 May 2012 | New 10m hotel development - 55 potential new jobs | Bedfordshire headquartered Premier Inn Hotels Ltd, along with Reef Estates Limited, have submitted plans to build a 10m hotel in Winchester, Hampshire. If approved, the hotel would be built next to the citys fire station, and approximately 55 jobs would be created as a direct result. The hotel would have 101 bedrooms and parking for up to 87 cars. | | | | 4 | 1 |
| 1 | | 21 May 2012 | Government funding secured - Hampton by Hilton hotel development - potential new jobs | Hilton has secured funding from the government Growing Places fund to redevelop the vacant Joplings department store in Sunderland into a 119-bedroom Hampton by Hilton hotel with new shops. The development is expected to create employment and business opportunities. 2010 turnover 61.1m. | | £61m | £-68.4m | | 1 |
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Headquarters & Premises - Call Centres |
| Gain | Loss | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 18 May 2012 | New £430m contract - Outsourcing plans for UK retailer | International service company Serco, based in Hook in Hampshire, has produced a contract which will involve contact centres being outsourced in a £430m deal. The Business Process Oursourcing (BPO) contract has been made to improve efficiency of customer contact services for Shop Direct Group, a UK retail company. Christopher Hyman is Chief Executive of the Serco Group. | | £4,327m | £241m | 58,799 | 2 |
| | 21 May 2012 | New base for advice bureau | The Chelmsford branch has opened in the building on the corner of Duke Street and Coval Lane, after more than 300,000 was spent modernising it. | | | | | |
| | 21 May 2012 | Intelecom delivers contact centre solution in the cloud to Dominos Pizza | Central to operations at Dominos Pizza is its IT helpdesk service that underlines the companys commitment to innovation. The helpdesk includes a hosted contact centre based on the latest Connect technology from Intelecom. | | | | | |
| | 21 May 2012 | ICMI announces global call centre of the year | Allianz Global (small-to-medium call centre) and UPMC Health Plan (large call centre) picked up the Global Call Center of the Year gold awards. | | | | | |
| | 21 May 2012 | Diamond Insurance bad call centre performance | Staff at insurance company Diamond Insurances call centre are in line for extra training due to bad call centre performance. | | | | | |
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New Business Wins & Company Awards - Contracts, Orders |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 17 May 2012 | £92m contracts awarded - offshore windfarm development | ScottishPower Renewables and Dong Energy have awarded contracts worth £92m for the transportation and installation of turbine foundations for the 389-megawatt West of Duddon Sands offshore windfarm, off the coast of Cumbria. The contracts have the potential to create employment opportunities. | | | £-0.0m | | 1 |
| | 17 May 2012 | £4bn contracts secured - potential new jobs - ongoing business growth | Outsourcing company Serco has secured contracts worth a combined £4bn in 2012, including £300m of IT contracts. New business has been gained with a variety of organisations including the NHS, Shop Direct and the State Bank of India. The ongoing growth of the company has the potential to create jobs. 2010 turnover £4.3bn, 58,799 employees. | | £4,327m | £241m | 58,799 | 2 |
| | 17 May 2012 | £2.8m capital investment - 17 new jobs - £1.5m US contract secured | Prima Dental Group is expanding after securing a £1.5m contract to supply dental drills to the US market. It is investing £2.8m in new equipment and a recruitment campaign to fill 17 new roles at its Gloucestershire factory. The company is experiencing strong export growth. 2010 turnover £7.9m, 104 employees. | | £8m | £1.0m | 104 | 2 |
| | 17 May 2012 | UK outsourcing orders down 80% - sales remain at £974m | Logica recorded an 80% fall in UK orders to £101m in the 2012 first quarter, compared with 2011. Sales remained flat at £974m, with worldwide orders falling 24% to £1.05bn. The low UK orders were due to two major contracts, with SOCA and Shell secured in 2011. | | £3,697m | £211m | 38,963 | 1 |
| | 17 May 2012 | Tidal energy contract secured - 120 potential new jobs - expansion in renewables sector | Steel Engineering Ltd has secured a contract to build a tidal energy device for Oceanflow Energy. Steel Engineering expects renewables work to treble its turnover in the three to five years to 2015/17. The company also expects to double its current workforce of 120 over the same period. | | £6m | £0.3m | | 1 |
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Mergers & Acquisitions - Mergers, Acquisitions & Flotations |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 18 May 2012 | £61m disposal of VT Services - increase in profits and revenue | Babcock International has sold US defence business VT Services for £61m to VT Holdings Inc. VT Service was acquired as part of the takeover of VT Group in 2010 and does not fit with Babcocks strategy. Babcock recorded revenue of £3.1bn in 2011, compared with £2.7bn in 2010, while pre-tax profit increased from £216.7m to £274.1m. | | £2,756m | £158m | 27,588 | 1 |
| | 18 May 2012 | £6.7bn Coty bid withdrawn - business turnaround strategy | Coty has withdrawn its £6.7bn takeover bid for US-based Avon Products after Avon failed to meet its deadline to respond. Avon has recorded a substantial decline in sales and recently appointed chief executive Sheri McCoy will now make stabilising the business a priority. | | £329m | £4m | 1,774 | 14 |
| | 17 May 2012 | £516,000 loss recorded - acquisition - £10m fundraising | Cheshire-based Sterling Green Group recorded a loss after taxation for the year to March 2012 of £516,000, compared with £1.9m in 2011. The figure includes costs and losses of £344,000 relating to the disposal of its trading subsidiaries in December 2011. It is acquiring another company and is raising £10m through a share placing. | | £3m | £-0.2m | 53 | 2 |
| | 17 May 2012 | £2.5bn takeover bid - UK frozen food producer for sale | Surrey based British brand Birds Eye, owned by current private equity business Permira, has been the subject of a £2.5bn takeover bid by Thailands Charoen Pokphand Foods ,which has offices in Worcestershire and a factory in Newmarket, Suffolk. Rival offers have been made by private equity giants Blackstone and BC Partners. The bids are as a result of Birds Eye being put up for sale in March 2012. | | £55m | £32m | 75 | 1 |
| | 18 May 2012 | £10 private equity investment - acquired by Endless | Private equity firm Endless has invested £10m in the acquisition of Cinesite from Kodak. Digital effects company Cinesites operates in a high-growth where there are significant opportunities. Endless is recapitalising the business in order to give film-makers the confidence to award it new contracts. | | £26m | £3m | 329 | 3 |
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Budgets & Expenditure - Marketing |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 21 May 2012 | £160,000 investment - new marketing strategy - creating 15 jobs | Environmental health company Healthy Buildings (Ireland) is investing over £160,000 in an expansion which will create 15 jobs. The Belfast-based firm has received £30,000 from Invest NI to create a marketing strategy for Scotland and the north of England. It employs 60 people and hopes to increase sales in Great Britain to £500,000 by 2013. | | | | | 2 |
| | 18 May 2012 | 250 global jobs lost - Costs cut by $86m - Business growth | Arla Foods is to cut 250 jobs globally as part of a programme to cut annual costs by US$86m and reduce complexity within the organisation. It will also reduce its spend on market research and analysis activities. The company has seen significant growth which it expects to continue. Peder Tuburgh is the chief executive. | | £5m | £4m | 7 | 19 |
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Companies Receiving Investment - Venture Capital |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 16 May 2012 | £2.5m investment - Business growth - Sales up 50 per cent - New jobs created | Manufacturer I-Plas, based in Halifax in Yorkshire, has received £2.5m from a venture capital investor to help finance product development. As a result sales have increased by £2m, from £4m to £6m, following the development of new products. The company has also increased its sales team. Grahame Hall is Chief Executive of I-Plas. | | £5m | £-1.6m | 70 | 1 |
| | 16 May 2012 | £1bn extra spending - 300 jobs created - Increased demand | Car giant Jaguar Land Rover is to spend an extra £1 billion with suppliers in the UK over the next four years, and plans to create 300 jobs. The company has seen increasing global demand for its cars. The jobs will be based at the new logistics facility in Ellesmere Port, Cheshire, which will open in summer 2012. | | £9,871m | | 17,255 | 1 |
| | 18 May 2012 | Positive launch for recruitment specialist | A specialist recruitment company is launching in Altrincham after securing £50,000 capital from Positive Cashflow Finance in Manchester. | | | | | |
| | 21 May 2012 | MTI leads £3.8m round for Manchester Uni spinout Arvia | MTI Partners, Sustainable Technology Investors Limited, Park Walk Advisors and other investors have backed technology company Arvia Technology with £3.8m. | | | | | |
| | 21 May 2012 | Low Carbon Lighting land over 500k in venture capital funding | Low Carbon Lighting boss Tim Cantle-Jones with David Exley of venture capitalists Northstar | | | | | |
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Companies Receiving Investment - Private Equity / Bank Funding |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 18 May 2012 | £3m bank financing secured - international expansion plans - potential new jobs | S&P Casuals, a Nottinghamshire-based designer, importer and distributor of clothing has secured £3m funding from Santander. The company plans to expand internationally, targeting growth of 20% year-on-year. It operates a warehouse in Nottinghamshire and has offices in New York, China, Bangladesh and Pakistan. Jobs are expected as a result of the expansion strategy. | | | | | 2 |
| | 21 May 2012 | £35m management buy-out - private equity investment - potential new jobs | London-based Leisure Pass Group has been sold to its management team in a £35m buyout, supported by private equity firm Primary Capital. The company will now expand its customer offering in existing and new markets. The ongoing growth strategy has the potential to create jobs. 2010 turnover was £27.6m. | | £28m | £5m | 9 | 2 |
| | 18 May 2012 | £1m revenue from Olympics - £121m debt facility secured - expansion in London | Student accommodation provider Unite Group expects Olympic contracts to add up to £1.75m to its revenue. A total of 3,600 of its rooms will be used in relation to the Olympic and Paralympic Games. Unite is acquiring two planned schemes in Stratford and Camden and has secured a £121m debt facility with Legal & General. 2010 turnover £193.4m, 913 employees. | | £193m | £30m | 913 | 7 |
| | 18 May 2012 | £10 private equity investment - acquired by Endless | Private equity firm Endless has invested £10m in the acquisition of Cinesite from Kodak. Digital effects company Cinesites operates in a high-growth where there are significant opportunities. Endless is recapitalising the business in order to give film-makers the confidence to award it new contracts. | | £26m | £3m | 329 | 3 |
| | 21 May 2012 | UK Steel Enterprise investment - major expansion strategy - potential new jobs | Stourbridge rail supply chain management company, SCG Solutions has secured funding from finance from UK Steel Enterprise, a subsidiary of Tata Steel. It will now expand into new markets in the Far East, Middle East and Australasia. The ongoing growth of the company has the potential to create employment opportunities. | | | | | 1 |
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Companies Receiving Investment - Private Finance Initiatives / PPI Initiatives |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 21 May 2012 | Manchester office opened - funding secured for hospital developments | Robertson Group is to commence work on two major hospital developments in Cumbria. Funding has been secured for the £11m Cockermouth Community Hospital and £4m Cleator Moor Health Centre. Robertson opened a new office in Manchester in April 2012. 2011 turnover £204.5m, 1,039 employees. | | £205m | £1m | 1,039 | 1 |
| | 17 May 2012 | 27 jobs created - Creative Jobs Fund successful | A piltot project launched by Northern Film & Media to create jobs in the creative industries has provded successful, with companies adding 27 full-time posts in spring 2012. The company launched the £72,000 Creative Jobs Fund in February 2012. 2011 turnover £3.5m. | | £3m | £-0.2m | | 1 |
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Performance & Profits - Profits |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
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| | 18 May 2012 | £61m disposal of VT Services - increase in profits and revenue | Babcock International has sold US defence business VT Services for £61m to VT Holdings Inc. VT Service was acquired as part of the takeover of VT Group in 2010 and does not fit with Babcocks strategy. Babcock recorded revenue of £3.1bn in 2011, compared with £2.7bn in 2010, while pre-tax profit increased from £216.7m to £274.1m. | | £2,756m | £158m | 27,588 | 1 |
| | 17 May 2012 | £516,000 loss recorded - acquisition - £10m fundraising | Cheshire-based Sterling Green Group recorded a loss after taxation for the year to March 2012 of £516,000, compared with £1.9m in 2011. The figure includes costs and losses of £344,000 relating to the disposal of its trading subsidiaries in December 2011. It is acquiring another company and is raising £10m through a share placing. | | £3m | £-0.2m | 53 | 2 |
| | 21 May 2012 | e2v hikes payout as revenues and profits rise | e2v hikes payout as revenues and profits rise | | | | | |
| | 17 May 2012 | To consider 10.7bn dollar Coty - business review - profits fall | US-based Avon Products is considering a 10.7bn dollar takeover bid from Coty after failing to respond to an earlier bid of 10bn dollars. The deadline to respond to the latest bid was 14 May 2012 but Avon is seeking additional time. Avon recorded weak first-quarter results, including a fall in profits and is planning a business review. | | £329m | £4m | 1,774 | 14 |
| | 18 May 2012 | Stobart Group reports rise in profits | Cumbrian transport giant the Stobart Group has motored through the financial crisis to rack up a 35.2 million annual profit ' two per cent up on 2010. | | | | | |
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Performance & Profits - Business Performance |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
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| | 18 May 2012 | £61m disposal of VT Services - increase in profits and revenue | Babcock International has sold US defence business VT Services for £61m to VT Holdings Inc. VT Service was acquired as part of the takeover of VT Group in 2010 and does not fit with Babcocks strategy. Babcock recorded revenue of £3.1bn in 2011, compared with £2.7bn in 2010, while pre-tax profit increased from £216.7m to £274.1m. | | £2,756m | £158m | 27,588 | 1 |
| | 16 May 2012 | £500k investment - 30% increase in demand - New site | Whitley Brook Crematorium For Pets is investing £500,000 in a new site in Runcorn, Cheshire, creating new jobs. The company has outgrown its current site following a 30 per cent increase in demand. It will move by the end of 2012. | | | | | 2 |
| | 21 May 2012 | £300,000 factory expansion - new jobs - exceptional business growth | Craftsman Tools has invested £300,000 to expand its factory in Otley, West Yorkshire, following increased demand for its products. Four jobs have been created and more are expected. The firm, which employs 60 people, increased 2011 sales by 39% to £4.8m and similar growth is expected in 2012. It hopes to increase turnover to £6m. | | £4m | £-0.1m | 47 | 1 |
| | 16 May 2012 | £2.5m investment - Business growth - Sales up 50 per cent - New jobs created | Manufacturer I-Plas, based in Halifax in Yorkshire, has received £2.5m from a venture capital investor to help finance product development. As a result sales have increased by £2m, from £4m to £6m, following the development of new products. The company has also increased its sales team. Grahame Hall is Chief Executive of I-Plas. | | £5m | £-1.6m | 70 | 1 |
| | 21 May 2012 | £2.5M profit - Annual Turnover £74m - 350 Employees | Clugston Construction, one of the North's leading construction companies with offices in Leeds, Scunthorpe and Hebburn Tyne & Wear, has recorded annual results for 2011/12 which show an increased turnover by 34% from £54m to £74M and a pre-tax profit of £2.5M. Steve Radcliffe is Managing Director | | £53m | £-4.0m | 348 | 3 |
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Performance & Profits - Products and Services |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
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| | 17 May 2012 | £3m college expansion - 40 new jobs - vocational training development | Doncaster Deaf Trust is investing £3.2m in a social enterprise centre to offer vocational training for students. The scheme would create 40 office-based jobs. An earlier plan for a £17.5m development was abandoned due to financial restraints. The trust may also create facilities for young people with autism. 2011 turnover £8.1m, 246 employees. | | £8m | | 246 | 2 |
| | 16 May 2012 | £2.5m investment - Business growth - Sales up 50 per cent - New jobs created | Manufacturer I-Plas, based in Halifax in Yorkshire, has received £2.5m from a venture capital investor to help finance product development. As a result sales have increased by £2m, from £4m to £6m, following the development of new products. The company has also increased its sales team. Grahame Hall is Chief Executive of I-Plas. | | £5m | £-1.6m | 70 | 1 |
| | 16 May 2012 | £1bn extra spending - 300 jobs created - Increased demand | Car giant Jaguar Land Rover is to spend an extra £1 billion with suppliers in the UK over the next four years, and plans to create 300 jobs. The company has seen increasing global demand for its cars. The jobs will be based at the new logistics facility in Ellesmere Port, Cheshire, which will open in summer 2012. | | £9,871m | | 17,255 | 1 |
| | 18 May 2012 | UK expansion strategy - sales manager appointed - business expansion and diversification | US-based motor manufacturer, Regal Beloit, is expanding in the UK where it is launching its Marathon brand. The company plans to increase European sales from 33% to 50% of the total by 2015. The corporation is seeking acquisitions and may expand into frequency inverters. Lucie Hodkova has been appointed national sales manager for the UK. | | | | | 1 |
| | 18 May 2012 | Product development ongoing - commercial launch planned | Motive Television is making progress in its BCJV LLC joint venture with Granite Broadcasting Corporation, to enable Television Anytime Anywhere over broadcast television to tablet devices. A Technical Feasibility Analysis and Business Plan has been approved. Technical development of the product will begin in June 2012, leading to a commercial launch in Spring 2013. 2010 turnover £1.3m. | | £1m | £-1.0m | 8 | 1 |
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Hot Topic - Ecommerce |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
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| | 21 May 2012 | To open London store - potential new jobs - e-commerce development | Designer label Temperley is opening a 2,500 sq ft store and headquarters in Mayfair, London, creating new jobs. The store is part of Temperleys international development strategy and further growth initiatives are planned, including a New York store in 2013 and the re-launch of e-commerce operations in October 2012. | | £12m | £0.1m | 109 | 1 |
| | 21 May 2012 | Pinterest to bolster ecommerce offering for brands | .Pinterest is set to revamp its ecommerce offering for brands after investment from Rakuten, one of the worlds largest online marketplaces, a move that comes as the company looks to identify new revenue streams. | | | | | |
| | 18 May 2012 | Launches e-commerce site - extending service to consumers | Multibrands International is launching a new e-commerce site which will allow consumers to buy products directly from the company, as well as from retailers. Multibrands retail partners include Tesco and Homebase. Multibrands will develop mobile phone apps later in 2012. | | | | | 3 |
| | 21 May 2012 | E-commerce services provider releases online portal | Global e-commerce services provider Digital River has launched a new online portal, dubbed Digital River Connect, which allows developers to gain access to its Global Commerce and Commerce Express app... | | | | | |
| | 21 May 2012 | E-commerce group Alibaba to repurchase 20% stake from Yahoo | E-commerce group Alibaba has revealed plans to repurchase up to one-half of Yahoo\'s stake or approximately 20 percent of Alibaba\'s fully-diluted shares. | | | | | |
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Hot Topic - Renewable Energy |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
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| | 17 May 2012 | £92m contracts awarded - offshore windfarm development | ScottishPower Renewables and Dong Energy have awarded contracts worth £92m for the transportation and installation of turbine foundations for the 389-megawatt West of Duddon Sands offshore windfarm, off the coast of Cumbria. The contracts have the potential to create employment opportunities. | | | £-0.0m | | 1 |
| | 17 May 2012 | Tidal energy contract secured - 120 potential new jobs - expansion in renewables sector | Steel Engineering Ltd has secured a contract to build a tidal energy device for Oceanflow Energy. Steel Engineering expects renewables work to treble its turnover in the three to five years to 2015/17. The company also expects to double its current workforce of 120 over the same period. | | £6m | £0.3m | | 1 |
| | 18 May 2012 | Sales increase to £6.4m - 38 jobs created - business expansion | Renewable energy company Eco Environments recorded turnover of £6.4m in 2011/12, a substantial increase from £1.3m in 2010/11. It has created 38 jobs, increasing headcount to 50 over 12 months. The expansion follows strong demand for solar panels from domestic customers and significant commercial contract awards. It is planning further expansion of its commercial business. | | | | | 1 |
| | 21 May 2012 | New wind farm development - Environmental studies to be carried out | Manchester based energy company ASC Renewables are planning to build a wind farm with up to 13 wind turbines on farmland next to a sewage treatment works at Newton Marsh, Tetney, South Humberside. Environmental studies are to be carried out prior to a planning application being made. Mike Denny is Operations Director for ASC. | | | | | 1 |
| | 16 May 2012 | New Wind Farm - Annual Turnover £2.9m - 80 Employees | West Coast Energy Limited are starting construction work on Derbyshire's first commercial wind farm. Karen Elliott is Planning Manager. | | £3m | £-1.9m | 78 | 2 |
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Hot Topic - Cloud Computing & Virtualisation |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
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| | 21 May 2012 | Acquires Firstserv and Serverstream - cloud computing expansion - jobs safeguarded | Six Degrees has acquired managed hosting and cloud providers Firstserv and Serverstream. The London-based companies will add £3m of hosting revenues to Six Degrees managed data division and are part of a strategy to expand cloud hosting services. Seventeen employees will join Six Degrees Group as a result of the acquisitions. | | | | | 1 |
| | 21 May 2012 | 20 new jobs - £4.5m investment - cloud-based video production | Aframe Media Group expects to create 20 new jobs at its County Durham office after securing venture capital funding of £4.5m. The company is developing a cloud video production platform. Craig Franks has been appointed as sales and support manager. | | | | | 1 |
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