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Search News : 24th July 2014 - 31st July 2014

People & Jobs

 - 

Job Gains / Losses

GainLossDateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
29 Jul 2014£80m Investment - New Warehouse - Creating 200 JobsRapidly-growing PVCu extrusion firm HL Plastics is planning to build an £8m warehouse adjacent to its existing Derby factory, in 2015. The expansion would create 200 jobs over three years and would help the company meet growing demand for its windows, doors and other products.
H L Plastics Limited
£46m£3m3131
141024 Jul 2014£700,000 Reduction in Funding - 10 Job Losses - 14 Job GainsStockton Riverside College in Stockton on Tees is expected to make up to 10 staff redundant due to £700,000 funding cuts. However 14 new job opportunities will be available. The college has 461 employees.
Stockton Riverside College
1
4031 Jul 2014£6m Investment Strategy - Doubling UK Workforce - Recruiting International Sales StaffElectric vehicle firm Sevcon intends to double its Tyne & Wear engineering team to 80 and recruit additional worldwide sales staff. The company is seeking £6m from shareholders to capitalise on growth opportunities in China. Revenues for the six months to March 2014 were £10.7m compared with £8.6m in the 2013 same period.
Sevcon Limited
£17m£1m911
24 Jul 2014£6.7m Investment - New Hertfordshire Care Home - Creating JobsQuantum Care has selected contractor ISG to build a £6.7m care home in Letchworth, Hertfordshire. The investment will create employment opportunities. Quantum Care operates 26 care homes across Hertfordshire, Bedfordshire and Essex, and has annual turnover of £7.1m.
Quantum Care (Developments) Limited
£7m26
24 Jul 2014£400,000 Growth Funding - New Restaurant Concept - UK Expansion - Creating JobsHome of Fast Food, a new quick service restaurant concept, is launching in Nottingham and plans to expand nationally, creating employment opportunities. The company has attracted £400,000 funding from investors.
Home of Fast Food Limited
1
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People & Jobs

 - 

Management Moves

GainLossDateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
124 Jul 2014£235,000 Investment - Significant Technology Development - New Chief ExecutiveWales-headquartered Irresistible Materials, a spin-out from Birmingham University, has secured a further £235,000 from investors. The business has appointed Mark Shepherd as Chief Executive and has made significant progress with the development of its innovative microchip technology.
IRRESISTIBLE MATERIALS LIMITED
1
1124 Jul 2014Senior Management Changes - New Managing Director AppointedBerkshire-headquartered car manufacturer BMW has appointed Graeme Grieve as Managing Director for the UK and Ireland with effect from October 2014. Mr Grieve is currently responsible for the BMW Group Importer business. He succeeds Tim Abbott, who becomes Managing Director of BMW Group South Africa.
BMW (UK) Limited
£3,782m£63m3532
124 Jul 2014Senior Management Appointment - New Director of ManufacturingSpecialist lighting manufacturer GlassGuard, a trading division of Fotolec Technologies, has promoted Production Manager Chris Wright to the role of Director of Manufacturing. The Norfolk-based firm supplies its products worldwide.
Fotolec Technologies Limited
162
30 Jul 2014Saving £60m by 2018 - 1,000 Jobs At RiskCoventry City Council plans to reduce staff headcount by 1,000, including management roles, as part of a strategy to save £60m by 2017-18. The council plans to launch a new voluntary redundancy and early retirement scheme.
Coventry City Council
1
31 Jul 2014Revenues Fall 15% - 210 Job Losses - New Chief Executive - Profitability Improvement ExpectedInterdealer broker Tullett Prebon is reducing its 2,328-strong workforce by 210 after revenues fell 15% to £360.3 in the 2014 first half. The company is reducing costs by £40m in order to improve operating profits. Tullett's Chief Executive Terry Smith is stepping down in August 2014 and will be succeeded by John Phizackerley.
Tullett Prebon Plc
£804m£100m2,6032
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Headquarters & Premises

 - 

Office Premises

GainLossDateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
131 Jul 2014£2m Expansion - New Data Centre - Creating 25 JobsIT services company ITPS is investing £2m to create a 33,000 sq ft data centre and combined business recovery space in Gateshead. The expansion, which will create 25 jobs, is being supported by a £242,000 government grant. The company is expanding after securing several new contracts.
ITPS Communications Limited
2
129 Jul 2014£1m Investment - New Headquarters - Creating 140 JobsTrojan Electronics is investing £1m in new headquarters in Swansea after receiving £1.5m from the Welsh government. The move will help the company meet growing demand for its services in the UK and Europe, and is expected to create 138 jobs. The £10m turnover company currently employs 150 staff.
Trojan Electronics Limited
£9m£0.1m1002
126 Jul 2014Turnover Nearing £1m - Nuneaton Office Opened - Investing in Personnel and ITArmstrongs Accountancy is expanding into Nuneaton, West Midlands, with the opening of a new office. The Coventry-headquartered firm is investing in IT systems and is growing its overall team with four appointments. It expects turnover to exceed £1m shortly.
Armstrongs Accountancy Ltd
1
24 Jul 2014Strong Business Growth - Recruiting Staff - Seeking New OfficeNottinghamshire-based training and apprenticeship provider Positive Outcomes is expanding its regional training teams, sales team and HR Team. The company will offer new apprentice roles in marketing and finance. It is also seeking an additional office in Nottingham to accommodate its growing team. The £5m turnover firm has 140 employees.
Positive Outcomes Ltd
£5m£0.2m1371
131 Jul 2014Relocates to Larger Office - New Jobs ExpectedBerkshire-headquartered recruitment company Rapid Search & Interim, and sister company Firefly Human Capital, have moved to a larger office in Windsor, which can house up to 30 staff. The business has grown rapidly from two members of staff to 16, with further jobs expected as growth continues.
Rapid Search & Interim Limited
1
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Headquarters & Premises

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Industrial Premises

GainLossDateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
129 Jul 2014£80m Investment - New Warehouse - Creating 200 JobsRapidly-growing PVCu extrusion firm HL Plastics is planning to build an £8m warehouse adjacent to its existing Derby factory, in 2015. The expansion would create 200 jobs over three years and would help the company meet growing demand for its windows, doors and other products.
H L Plastics Limited
£46m£3m3131
124 Jul 2014New Volkswagen Inspection Site - 100 New JobsPeel Ports is opening a new Volkswagen vehicle inspection unit at the Port of Sheerness in Kent. The development is expected to create 100 supply chain jobs and increase imports into Sheerness by 50,000 vehicles a year.
Peel Holdings (Ports) Limited
£34m2,1191
126 Jul 2014Growth Funding Secured - Factory Expansion - New Jobs ExpectedQuantum Profile Systems, a manufacturer of specialist building products, has acquired its business premises in Oldham, Lancashire, and is preparing to build an extension to increase production capacity. The company has secured a seven-figure funding package. The investment is expected to create new jobs.
Quantum Profile Systems Limited
£7m£0.2m571
124 Jul 2014Expanding In Mexico - New Factory - Creating JobsPolycast, a Southampton company which makes the emblem for Rolls-Royce cars, is developing a 55,000 sq ft factory in Mexico which will accommodate up to 270 employees and help the company supply the aerospace market in the Americas.
Polycast Limited
1
26 Jul 2014Business Growth - £20m Investment - New Jobs ExpectedGlass manufacturer Beatson Clark is investing £20m into its 400,000 sq ft manufacturing site in South Yorkshire and targeting an increase in turnover from £45m to £50m within five years. The company, which employs 330 staff, is benefiting from increased demand from the independent brewery industry. The investment is expected to create new jobs.
Beatson Clark Plc
£43m£0.9m3233
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Headquarters & Premises

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Retail Premises

GainLossDateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
126 Jul 2014Service Station Expansion - New Subway and Spar Outlets - 10 New JobsThe Kay Group has completed a major expansion of its service station in Burnley, Lancashire. Spar and Subway are the anchor tenants at the development, which will create 10 jobs. The Kay Group has turnover of £92m and around 200 employees.
The Kay Group (Uk) Limited
£92m£1m1911
129 Jul 2014Opening Sunderland Store - 12 New Jobs - £577m TurnoverScrewfix is opening a new hardware store in Sunderland, increasing its UK chain of stores to 350. Twelve jobs have been created at the new branch which will open in August 2014. Screwfix has a turnover of £577m and 4,730 employees.
Screwfix Direct Ltd
£577m£40m2140
10025 Jul 2014Major Investment in China - 100 New Stores - Creating Jobs - £116m TurnoverLondon-headquartered homewares retailer Cath Kidston plans to open 100 stores in China, creating a substantial number of jobs, after selling a significant stake to Baring Private Equity Asia. The retailer has 66 UK stores and 89 in Asia. Revenue has increased 10% to £116m.
Cath Kidston Limited
£105m£19m7231
31 Jul 2014In Administration - 1,244 Jobs Lost - 33 Branches Purchased - 361 Staff SavedUnipart, the Oxford-based vehicle parts manufacturer, has gone into administration with the loss of 1,244 jobs after the company failed to find a buyer. The company employs 1,813 staff across 180 branches. Parts of the business have been sold to Andrew Page and The Parts Alliance, saving 33 outlets and 361 staff.
Unipart Group Limited
£232m£1m5,19561
31 Jul 2014In Administration - 1,244 Jobs Lost - 33 Branches Purchased - 361 Staff SavedUnipart, the Oxford-based vehicle parts manufacturer, has gone into administration with the loss of 1,244 jobs after the company failed to find a buyer. The company employs 1,813 staff across 180 branches. Parts of the business have been sold to Andrew Page and The Parts Alliance, saving 33 outlets and 361 staff.
Andrew Page Limited
£127m£9m1,39427
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Headquarters & Premises

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Healthcare Premises

GainLossDateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
124 Jul 2014£6.7m Investment - New Hertfordshire Care Home - Creating JobsQuantum Care has selected contractor ISG to build a £6.7m care home in Letchworth, Hertfordshire. The investment will create employment opportunities. Quantum Care operates 26 care homes across Hertfordshire, Bedfordshire and Essex, and has annual turnover of £7.1m.
Quantum Care (Developments) Limited
£7m26
124 Jul 2014New care home - 90 New jobs - Business expansionLondon based Minton Group are to build an 70 bed care home and 39 assisted bungalows in a 39 acres country park setting, creating 90 new jobs.
Minton Group Limited
£1m91
31 Jul 2014New Contract - Retirement Village - Business growthHertfordshire based Bam Construction has been appointed to build a £33m retirement village for Bupa-owned Richmond Care Villages in Oxfordshire. Bam currently employ 2233 staff with a turnover of £839.50m
Bam Construct UK Limited
£840m£9m2,2333
124 Jul 201480 New jobs - New premises - Business growthPeterborough based care home provider, Peterborough Care Limited has completed its first purpose built 50 bed care home and has created 80 new jobs.
Peterborough Care Limited
2
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Headquarters & Premises

 - 

Educational Premises

GainLossDateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
24 Jul 2014£50m New contracts - Business growthEdinburgh based Miller Construction has reached financial close on a pair of Scottish school building projects together worth more than £50m. The firm will build Inverness Royal Academy for £35.4m and Noss Primary School in Wick for £15.4m.
Miller Construction (UK) Ltd
£251m£-1.9m5652
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Headquarters & Premises

 - 

Public Service Premises

GainLossDateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
130 Jul 2014Business Growth - Relocated To Larger Premises - Jobs CreatedUppercut Hair and Beauty Salon has relocated to larger premises in Stanton Hill, Nottinghamshire, following business growth. The company has recruited three more staff and further recruitment is planned.
Uppercut Hair, Beauty & Tanning
1
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Headquarters & Premises

 - 

Leisure Premises

GainLossDateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
124 Jul 2014£400,000 Growth Funding - New Restaurant Concept - UK Expansion - Creating JobsHome of Fast Food, a new quick service restaurant concept, is launching in Nottingham and plans to expand nationally, creating employment opportunities. The company has attracted £400,000 funding from investors.
Home of Fast Food Limited
1
126 Jul 2014Growth Funding Secured - Opening New Cafe - Creating 20 JobsWaterloo Tea has secured bank funding to open a new café in the centre of Cardiff. The expansion will create 20 new jobs increasing Waterloo Tea's total workforce up to 35. The company also has branches in Penylan and Penarth, Wales.
Waterloo Tea Limited
3
31 Jul 2014100 Jobs at Risk - Library Closures Expected - £3.8m Reduction in BudgetWest Yorkshire-based Kirklees Council may close all but two libraries across the district, putting 100 jobs at risk in 2015. The library budget is expected to fall from £6.3m to £2.8m, following by a £1.4m investment to restructure the service, creating hubs and using volunteer groups to run libraries.
Kirklees Council
1
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Headquarters & Premises

 - 

Hotel Development Projects

GainLossDateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
24 Jul 2014£1m Hotel Expansion - 20 New JobsCotswold Inns and Hotels is investing £1m to expand The Bear of Rodborough Hotel in Gloucestershire. The investment will create 20 new jobs. The company operates seven hotels, has a turnover of £16.3m and employs 350 staff.
Cotswold Inns and Hotels Limited
£16m£0.6m3544
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Headquarters & Premises

 - 

Call Centres

GainLossDateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
31 Jul 2014Retirement Product Sales Decline - 60 Jobs At RiskFinancial services group Legal & General is planning to reduce staff headcount at its Cardiff office by 60 following a decline in sales in its retirement business. Some staff may be redeployed in Cardiff or across other branches. The London-headquartered company has annual turnover of £34.9bn and 9,860 employees.
Legal & General Group PLC
£34,976m9,8647
126 Jul 2014Opening Yorkshire Call Centre - 350 New JobsElectronics company Samsung is planning to open a call centre in Leeds, where it will create 358 customer support roles. Surrey-headquartered Samsung has a turnover of £3.2bn and 1,000 employees.
Samsung Electronics (UK) Limited
£3,208m£60m1,0056
24 Jul 2014New chief executive - Business growthWrexham based Dee Valley Group has appointed Ian Plenderleith as its new Chief Executive and Director. The firm currently employs 166 staff with a turnover of £22.81m
Dee Valley Group Plc
£23m£12m1662
24 Jul 2014Launching Atom Bank - Creating 400 JobsTrading as Atom Bank, Crossco (1337) is launching a new online and telephone banking service. Atom Bank will employ 400 people at new headquarters in Durham. It will have no branches and will start trading in 2015.
Crossco (1337) Plc
1
24 Jul 2014Income increased by 14.2% - Business performanceSouth West accountancy firm Old Mill has increased its total income to £16.2m an increase of 14.2%. The firm currently employs 270 staff in 5 locations with a turnover of £8.89m
Old Mill Accountancy Llp
£9m£2m2705
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Growth

 - 

Turnover Growth

   DateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
31 Jul 2014Turnover increased to £10m -Lytham St Annes based vetinary products manufacturer, Vet Plus has increased international sales leading to turnover reaching £10m.
Vet Plus Limited
2
26 Jul 2014Turnover Nearing £1m - Nuneaton Office Opened - Investing in Personnel and ITArmstrongs Accountancy is expanding into Nuneaton, West Midlands, with the opening of a new office. The Coventry-headquartered firm is investing in IT systems and is growing its overall team with four appointments. It expects turnover to exceed £1m shortly.
Armstrongs Accountancy Ltd
1
24 Jul 2014Sustained Business Growth - Turnover Exceeds £50m - Employment OpportunitiesBirmingham-headquartered law firm Shakespeares increased its turnover by 20% to more than £50m for the year to April 2014 and recruited 12 partners. The firm has achieved record turnover for 19 consecutive years and continues to invest in new personnel and expansion through mergers.
Shakespeares Legal LLP
£40m£11m2508
31 Jul 2014Revenues Fall 15% - 210 Job Losses - New Chief Executive - Profitability Improvement ExpectedInterdealer broker Tullett Prebon is reducing its 2,328-strong workforce by 210 after revenues fell 15% to £360.3 in the 2014 first half. The company is reducing costs by £40m in order to improve operating profits. Tullett's Chief Executive Terry Smith is stepping down in August 2014 and will be succeeded by John Phizackerley.
Tullett Prebon Plc
£804m£100m2,6032
31 Jul 2014New Oxfordshire HQ - Turnover Up 5% - Jobs ExpectedProdrive, the Oxfordshire-based motorsport and engineering consultancy, is relocating its headquarters to a new larger facility in the county. The company has seen its turnover increase by 5% to GBP 107.8m, and currently employs 593 staff, with new jobs expected.
Prodrive (Holdings) Limited
£108m£10m5931
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Growth

 - 

Profit Growth

   DateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
31 Jul 2014Pre-Tax Profits Up 40% To GBP 250m - Planned Channel Launch - 9% Turnover GrowthITV Plc is a group engaged in television broadcasting and production, cinema advertising, distribution of commercials & movies, rental & retail of televisions, videos & system installations, publication & distribution of education al books & materials, & other media activities.
ITV Plc
£2,389m£546m4,2574
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New Business Wins & Company Awards

 - 

Contracts, Orders

   DateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
24 Jul 2014£50m New contracts - Business growthEdinburgh based Miller Construction has reached financial close on a pair of Scottish school building projects together worth more than £50m. The firm will build Inverness Royal Academy for £35.4m and Noss Primary School in Wick for £15.4m.
Miller Construction (UK) Ltd
£251m£-1.9m5652
26 Jul 2014£3.85m Export Orders Secured - Potential New JobsPrecision Technologies Group, a Rochdale, Lancashire engineering company, has secured export orders worth £3.85m with companies in China and Taiwan. The contracts are expected to create employment opportunities.
Precision Technologies Group (PTG) Limited
1
31 Jul 2014£2m Expansion - New Data Centre - Creating 25 JobsIT services company ITPS is investing £2m to create a 33,000 sq ft data centre and combined business recovery space in Gateshead. The expansion, which will create 25 jobs, is being supported by a £242,000 government grant. The company is expanding after securing several new contracts.
ITPS Communications Limited
2
26 Jul 2014£20m US Contract Secured - 50 New JobsICC Solutions, a software company headquartered in Warrington, Cheshire, is planning to create 50 jobs after securing a £20m contract in the US. The contract is to provide chip and pin test tools and certification services.
ICC Solutions Limited
1
25 Jul 2014Thameslink Contract Underway - 300 New JobsSiemens has started work on a major contract to produce hi-tech components for the £6.5bm Thameslink rail project. The contract will create 300 jobs at its plant in Hebburn, South Tyneside. Siemens Plc has a turnover of £2.7bn and 8,340 employees.
Siemens Plc
£2,665m£243m8,3391
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Mergers & Acquisitions

 - 

Mergers, Acquisitions & Flotations

   DateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
31 Jul 2014£8m Acquisition - Technology Division ExpandingElectronics firm Stadium Group has acquired United Wireless for £8m. The acquisition will allow Stadium Group to expand its technology division in the fast growing market for machine-to-machine wireless devices. The £41m turnover group employs 160 people at its headquarters in Hartlepool, Teeside, and 890 staff in total across three UK locations.
Stadium Group Plc
£41m£2m1,4043
26 Jul 2014Takeover Agreed - Jobs SafeguardedCorndell Furniture Company has been taken over by a new company Corndell Quality Furniture Ltd, which was established to rescue the firm from administration. The takeover safeguards the remaining 84 jobs at Corndell Furniture Company. The new business will trade from the same premises in Witney, Oxfordshire.
Corndell Furniture Company Limited (In Administration)
£12m£0.1m1101
26 Jul 2014New Company - Acquires Corndell Furniture Company - 84 Jobs SavedA new company, Corndell Quality Furniture Ltd, has acquired Witney, Oxfordshire furniture maker Corndell Furniture Company from administrators, safeguarding the jobs of 84 employees.
Corndell Quality Furniture Ltd
1
24 Jul 2014Merges with Speechly Bircham - Company relaunch - Business growthLondon based Charles Russell, has agreed to merge with international law firm Speechly Bircham in a move that will create a £135m-turnover powerhouse with 170 partners. The company will be called Charles Russell Speechlys and will be launched on 1st November, 2014
Charles Russell LLP
£68m£21m4281
29 Jul 2014Acquires Workforce Metrics - Business growthSurrey based Workforce Metrics and its core product ER Tracker have been added to Lincoln based Software Europe's cloud services portfolio.
Software (Europe) Limited
1
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Budgets & Expenditure

 - 

IT

   DateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
26 Jul 2014Turnover Nearing £1m - Nuneaton Office Opened - Investing in Personnel and ITArmstrongs Accountancy is expanding into Nuneaton, West Midlands, with the opening of a new office. The Coventry-headquartered firm is investing in IT systems and is growing its overall team with four appointments. It expects turnover to exceed £1m shortly.
Armstrongs Accountancy Ltd
1
24 Jul 2014Restructuring BBC News - Focusing on Digital Technologies - 220 Job LossesThe BBC is to lose a further 415 jobs from its news operations in order to save £48m by 2017. The division will increase its use of digital technologies, and 195 new posts will be created, meaning a net reduction of 220 jobs overall.
British Broadcasting Corporation (BBC)
£40m£-0.9m25,37718
28 Jul 2014European Expansion Strategy - Launching Social Media Platform - New ProductsLondon-based furniture e-tailer Made.com is launching a social media platform for customers and is planning further European expansion after successfully opening operations in France and Italy. It aims to become the premier homewares brand in Europe and is launching new products. Made.com employs 140 staff in the UK and 20 in Shanghai.
Made.com Design Limited
5
24 Jul 2014Business Growth - £60,000 Investment - 10 New JobsBlossoms Limited is creating 10 jobs at its children's day nursery in Leicester in a major expansion. The company has invested £60,000 in new technology and upgrading its facilities. It is increasing the number of children it cares for from 70 a day to 125, and staff numbers will increase to 28.
Blossoms Limited
1
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Budgets & Expenditure

 - 

Marketing

   DateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
24 Jul 2014Profits increased by 2.1% - Sales decreased by 6.1% - Business performanceSt Albans, Hertfordshire based Premier Foods to double marketing budget as profits rise to £48m an increase of 2.1%, sales have decreased by 6.1%. The firm will increase its marketing with a relaunch of Mr Kipling and Homepride brands.
Premier Foods PLC
£856m£53m8,3791
31 Jul 2014GBP 300k Funding - Two New Investors - Business ExpansionSwipeStation, the Hertfordshire-based technology start-up, has secured more than GBP 300k in funding from two key investors. The company provides technology for location-based marketing and has secured custom from clients such as Red Bull and Pepsi. The funding will be used towards its ongoing expansion.
SwipeStation Limited
1
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Companies Receiving Investment

 - 

Venture Capital

   DateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
24 Jul 2014£400,000 Growth Funding - New Restaurant Concept - UK Expansion - Creating JobsHome of Fast Food, a new quick service restaurant concept, is launching in Nottingham and plans to expand nationally, creating employment opportunities. The company has attracted £400,000 funding from investors.
Home of Fast Food Limited
1
24 Jul 2014£235,000 Investment - Significant Technology Development - New Chief ExecutiveWales-headquartered Irresistible Materials, a spin-out from Birmingham University, has secured a further £235,000 from investors. The business has appointed Mark Shepherd as Chief Executive and has made significant progress with the development of its innovative microchip technology.
IRRESISTIBLE MATERIALS LIMITED
1
31 Jul 2014GBP 300k Funding - Two New Investors - Business ExpansionSwipeStation, the Hertfordshire-based technology start-up, has secured more than GBP 300k in funding from two key investors. The company provides technology for location-based marketing and has secured custom from clients such as Red Bull and Pepsi. The funding will be used towards its ongoing expansion.
SwipeStation Limited
1
31 Jul 2014GBP 15m Law Firm Investment - GBP 225m Available - Business GrowthNorthEdge Capital, based in Manchester, has invested £15m in industrial disease law practice Roberts Jackson. NorthEdge is investing GBP 225m in Northern businesses as part of its Debut fund, and Roberts Jackson will use the funding to accelerate it's expansion.
Roberts Jackson Limited
2
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Companies Receiving Investment

 - 

Private Equity / Bank Funding

   DateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
31 Jul 2014£8m Acquisition - Technology Division ExpandingElectronics firm Stadium Group has acquired United Wireless for £8m. The acquisition will allow Stadium Group to expand its technology division in the fast growing market for machine-to-machine wireless devices. The £41m turnover group employs 160 people at its headquarters in Hartlepool, Teeside, and 890 staff in total across three UK locations.
Stadium Group Plc
£41m£2m1,4043
31 Jul 2014£2m Expansion - New Data Centre - Creating 25 JobsIT services company ITPS is investing £2m to create a 33,000 sq ft data centre and combined business recovery space in Gateshead. The expansion, which will create 25 jobs, is being supported by a £242,000 government grant. The company is expanding after securing several new contracts.
ITPS Communications Limited
2
29 Jul 2014£1m Investment - New Headquarters - Creating 140 JobsTrojan Electronics is investing £1m in new headquarters in Swansea after receiving £1.5m from the Welsh government. The move will help the company meet growing demand for its services in the UK and Europe, and is expected to create 138 jobs. The £10m turnover company currently employs 150 staff.
Trojan Electronics Limited
£9m£0.1m1002
29 Jul 2014£160,000 Growth Funding Secured - 70 New JobsAvox, a Wrexham-headquartered company which provides specialist information to financial institutions is creating 70 jobs. The company has securing £160,000 from the Welsh Government to support the expansion. Avox is a subsidiary of New York-based Depository Trust & Clearing Corporation. It has turnover of £6m and 120 employees.
Avox Limited
£6m£-0.4m1161
26 Jul 2014£100m Refinancing Agreed - 1% Growth in Group RevenueShower and tile manufacturer Norcros has secured £100m of bank funding which will provide the group with increased flexibility and reduce interest costs by £200,000 a year. The company increased its revenue by almost 1% for the 13 weeks to 29 June 2014, although total revenue for its UK business fell by 1.6%.
Norcros Plc
£211m£9m1,6083
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Performance & Profits

 - 

Business Performance

   DateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
31 Jul 2014£6m Investment Strategy - Doubling UK Workforce - Recruiting International Sales StaffElectric vehicle firm Sevcon intends to double its Tyne & Wear engineering team to 80 and recruit additional worldwide sales staff. The company is seeking £6m from shareholders to capitalise on growth opportunities in China. Revenues for the six months to March 2014 were £10.7m compared with £8.6m in the 2013 same period.
Sevcon Limited
£17m£1m911
26 Jul 2014£100m Refinancing Agreed - 1% Growth in Group RevenueShower and tile manufacturer Norcros has secured £100m of bank funding which will provide the group with increased flexibility and reduce interest costs by £200,000 a year. The company increased its revenue by almost 1% for the 13 weeks to 29 June 2014, although total revenue for its UK business fell by 1.6%.
Norcros Plc
£211m£9m1,6083
24 Jul 2014Sustained Business Growth - Turnover Exceeds £50m - Employment OpportunitiesBirmingham-headquartered law firm Shakespeares increased its turnover by 20% to more than £50m for the year to April 2014 and recruited 12 partners. The firm has achieved record turnover for 19 consecutive years and continues to invest in new personnel and expansion through mergers.
Shakespeares Legal LLP
£40m£11m2508
24 Jul 2014Strong Business Growth - Recruiting Staff - Seeking New OfficeNottinghamshire-based training and apprenticeship provider Positive Outcomes is expanding its regional training teams, sales team and HR Team. The company will offer new apprentice roles in marketing and finance. It is also seeking an additional office in Nottingham to accommodate its growing team. The £5m turnover firm has 140 employees.
Positive Outcomes Ltd
£5m£0.2m1371
31 Jul 2014Revenues Fall 15% - 210 Job Losses - New Chief Executive - Profitability Improvement ExpectedInterdealer broker Tullett Prebon is reducing its 2,328-strong workforce by 210 after revenues fell 15% to £360.3 in the 2014 first half. The company is reducing costs by £40m in order to improve operating profits. Tullett's Chief Executive Terry Smith is stepping down in August 2014 and will be succeeded by John Phizackerley.
Tullett Prebon Plc
£804m£100m2,6032
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Performance & Profits

 - 

Products and Services

   DateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
31 Jul 2014£8m Acquisition - Technology Division ExpandingElectronics firm Stadium Group has acquired United Wireless for £8m. The acquisition will allow Stadium Group to expand its technology division in the fast growing market for machine-to-machine wireless devices. The £41m turnover group employs 160 people at its headquarters in Hartlepool, Teeside, and 890 staff in total across three UK locations.
Stadium Group Plc
£41m£2m1,4043
24 Jul 2014£235,000 Investment - Significant Technology Development - New Chief ExecutiveWales-headquartered Irresistible Materials, a spin-out from Birmingham University, has secured a further £235,000 from investors. The business has appointed Mark Shepherd as Chief Executive and has made significant progress with the development of its innovative microchip technology.
IRRESISTIBLE MATERIALS LIMITED
1
28 Jul 2014European Expansion Strategy - Launching Social Media Platform - New ProductsLondon-based furniture e-tailer Made.com is launching a social media platform for customers and is planning further European expansion after successfully opening operations in France and Italy. It aims to become the premier homewares brand in Europe and is launching new products. Made.com employs 140 staff in the UK and 20 in Shanghai.
Made.com Design Limited
5
30 Jul 2014Creating 90 Jobs - Launching New Routes from Belfast - £195,000 Funding SecuredAirline Jet2 is creating 86 jobs at Belfast International Airport, including flight and cabin crew, engineers and ground operations staff. The £556m turnover airline is launching four new routes from the airport and adding a third aircraft to its Belfast operations. Invest NI has contributed £195,000 toward the expansion.
Jet2.Com Ltd
£556m£21m2,2742
31 Jul 2014Creating 200 Jobs - Repaying £154.5m Government Funding - Expanding Into Current AccountsVirgin Money is creating 200 new jobs, including 120 in North-East England. The company will repay a £154.5m funding package put in place when it bought Northern Rock from the Government in 2012. It is also entering the current account market. Virgin Money employs 2,500 staff, with 1,700 people based in Newcastle-upon-Tyne.
Virgin Money Holdings (Uk) Limited
£875m2,71874
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Ecommerce

   DateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
24 Jul 2014Restructuring BBC News - Focusing on Digital Technologies - 220 Job LossesThe BBC is to lose a further 415 jobs from its news operations in order to save £48m by 2017. The division will increase its use of digital technologies, and 195 new posts will be created, meaning a net reduction of 220 jobs overall.
British Broadcasting Corporation (BBC)
£40m£-0.9m25,37718
31 Jul 2014European Expansion for Topshop and Topman - Partnership with Zalando - Launching Online StoresRetail group Arcadia is to launch its Topshop and Topman brands on fashion website Zalando in September 2014 as part of their European expansion strategy. Zalando will open dedicated online shops for Topshop and Topman. Arcadia Group has a turnover of £133m, 2,050 employees and 166 locations.
Arcadia Group Limited
£133m£-18.8m2,044166
28 Jul 2014European Expansion Strategy - Launching Social Media Platform - New ProductsLondon-based furniture e-tailer Made.com is launching a social media platform for customers and is planning further European expansion after successfully opening operations in France and Italy. It aims to become the premier homewares brand in Europe and is launching new products. Made.com employs 140 staff in the UK and 20 in Shanghai.
Made.com Design Limited
5
29 Jul 2014E-commerce Firm Expands - Management Buyout - 50 New JobsVisualsoft, a Stockton-On-Tees e-commerce firm, intends to create 50 jobs after completing a management buyout. The 150-strong company aims to treble turnover by 2017. It has launched 1,000 online stores for retailers and has a base in Australia.
Visualsoft UK Limited
3
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Renewable Energy

   DateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
31 Jul 2014New wind farm project - Business growthEast Sussex firm Triodos Renewables has started building work on a new wind farm project on 2 sites. Work on the Boardinghouse site of five turbines is expected to take 14 months with a launch in September 2015.
Triodos Renewables Plc
£8m£2m12
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Sales

   DateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
31 Jul 2014£6m Investment Strategy - Doubling UK Workforce - Recruiting International Sales StaffElectric vehicle firm Sevcon intends to double its Tyne & Wear engineering team to 80 and recruit additional worldwide sales staff. The company is seeking £6m from shareholders to capitalise on growth opportunities in China. Revenues for the six months to March 2014 were £10.7m compared with £8.6m in the 2013 same period.
Sevcon Limited
£17m£1m911
29 Jul 2014UK Sales increased by 5.2% - Business growthEssex based national carpet retailer, Carpetright has inreased its UK sales by 5.2%. The firm now has 467 stores of which 283 have now been modernised and the firm currently employs 3200 staff with a turnover of £457.60m
Carpetright PLC
£458m£1m3,2002
31 Jul 2014Retirement Product Sales Decline - 60 Jobs At RiskFinancial services group Legal & General is planning to reduce staff headcount at its Cardiff office by 60 following a decline in sales in its retirement business. Some staff may be redeployed in Cardiff or across other branches. The London-headquartered company has annual turnover of £34.9bn and 9,860 employees.
Legal & General Group PLC
£34,976m9,8647
24 Jul 2014New Technical Services Engineer and Sales Rep - Business growthStockport, Cheshire based Tool & Fastener Solutions have appointed Lewis Jones as its new Technical Support Engineer and Neil Panting as its new External Sales rep.
Tool & Fastener Solutions Limited
322
24 Jul 2014Exceptional Business Growth - International Sales Up 92%Simpsons Malt increased its international sales by 92% to £9.7m in the two years to 2013. The Northumberland-headquartered maltster is the 23rd fastest growing export company in the UK. Simpsons has annual turnover of £157.9m and 200 employees.
Simpsons Malt Limited
£158m£10m2054
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Cloud Computing & Virtualisation

   DateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
26 Jul 2014International Expansion - Opening UK Office - New Jobs ExpectedDropbox, a US-headquartered cloud storage provider, is planning to open an office in the UK as part of its strategy to increase the number of subscribers paying for its business service. It is also planning to open in continental Europe and Japan. The expansion is expected to create employment and business opportunities.
Dropbox
1
24 Jul 2014Cloud Computing Venture Launched - New Jobs - £3m Revenue Increase ExpectedCheshire-based NTTX Ltd, a provider of consultancy services to the rail industry, has launched a Cloud Computing division and created five jobs after securing bank funding. NTTX expects revenue to increase by around £3m, to £8m - £9m, as a result of the diversification.
NTTX Limited
2
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International

   DateHeadlineSummaryOrganisationTurnoverProfitEmployeesLocations
31 Jul 2014£6m Investment Strategy - Doubling UK Workforce - Recruiting International Sales StaffElectric vehicle firm Sevcon intends to double its Tyne & Wear engineering team to 80 and recruit additional worldwide sales staff. The company is seeking £6m from shareholders to capitalise on growth opportunities in China. Revenues for the six months to March 2014 were £10.7m compared with £8.6m in the 2013 same period.
Sevcon Limited
£17m£1m911
26 Jul 2014£3.85m Export Orders Secured - Potential New JobsPrecision Technologies Group, a Rochdale, Lancashire engineering company, has secured export orders worth £3.85m with companies in China and Taiwan. The contracts are expected to create employment opportunities.
Precision Technologies Group (PTG) Limited
1
26 Jul 2014£20m US Contract Secured - 50 New JobsICC Solutions, a software company headquartered in Warrington, Cheshire, is planning to create 50 jobs after securing a £20m contract in the US. The contract is to provide chip and pin test tools and certification services.
ICC Solutions Limited
1
31 Jul 2014Turnover increased to £10m -Lytham St Annes based vetinary products manufacturer, Vet Plus has increased international sales leading to turnover reaching £10m.
Vet Plus Limited
2
24 Jul 2014Senior Management Changes - New Managing Director AppointedBerkshire-headquartered car manufacturer BMW has appointed Graeme Grieve as Managing Director for the UK and Ireland with effect from October 2014. Mr Grieve is currently responsible for the BMW Group Importer business. He succeeds Tim Abbott, who becomes Managing Director of BMW Group South Africa.
BMW (UK) Limited
£3,782m£63m3532
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