Indoor Climate Systems Limited, specialists in controlled business environments, has been provided with £2.4m in refinance and working capital by leading alternative finance provider to mid-sized SMEs, ThinCats. The Indoor Climate Systems (ICS) brand has been trading since 1992 from Lapworth in Warwickshire, and specialises in the provision of building services to both the commercial […]
SME manufacturers, supported by Made Smarter in their drive to digitalise, are upskilling over 1,800 workers to create the teams of tomorrow. The Made Smarter Adoption programme in the North West has worked with more than 1,200 businesses since 2019, supporting them to introduce digital tools and technologies to help boost productivity and growth, and […]
York-based specialist automotive engineers, ProSpeed, is to create six new jobs and plans are now in place to double the size of the 15-strong workforce over the next 12 months. It follows a huge increase in orders from across Europe as its reputation for bespoke Land Rover Discovery accessories and specially designed six-wheel Hi-Lux chassis […]
Manufacturing optimism in the three months to April improved at its quickest pace since April 1973, while investment intentions saw a strong, broad-based rebound, according to the latest CBI quarterly Industrial Trends Survey. The survey of 288 manufacturers found that firms expect to increase capital expenditure on buildings, plant & machinery, product & process innovation, […]
A leading UK precision engineering firm has transferred ownership to an Employee Ownership Trust in an eight-figure deal as the business targets future growth, with support from Shawbrook Bank. Retrac Group’s new Employee Ownership Trust (EOT) takes full equity of the Swindon-based company from chairman Andy Carter, whose father established the business in 1972. The […]
Manufacturers in Greater Manchester have one last chance to benefit from a popular programme to help increase their productivity and get on the path to growth. Made for Manufacturing, which is run by GC Business Growth Hub, is actively recruiting for manufacturing businesses of all sizes from across the city region. This is the fourth […]
UK manufacturers are suffering a triple whammy of lower sales, sharply lower profits, and a painful cash squeeze, according to the new UK Manufacturing Barometer from specialist consultancy Insider Pro, which helps companies build effective and resilient supply chains. Insider Pro has analysed the accounts of 1,457 small and medium-sized manufacturers employing 2.7m makers, around […]
Ignite is a UK-based investor focused on supporting the growth of ambitious and fast-growing companies. The financial terms of the transaction are undisclosed. Headquartered in Gateshead and founded in 1979, NTG is a precision engineering business that manufactures low volume, high value parts for use in Severe Duty Engineering Applications, that sees products operate in […]
UK-pump specialists, Hydromarque Ltd, is set for significant expansion following its acquisition by a specialist private equity backer. BCF Equity Partners has acquired Peterborough-based Hydromarque in a deal totalling £2.7m. Hydromarque is an exclusive UK distributor of Gorman-Rupp, Cornell and Wallwin pumps across a range of industries including water and food production. Following acquisition, BCF […]
Two thirds of manufacturers (65%) would commit to greater investment in the UK if incentives for capital expenditure were increased, a new survey from accountancy and business advisory firm BDO has found. The poll of over 200 UK manufacturers also found an overwhelming majority (61%) who said that a simplification and extension of research and […]
20/04/2021
Edition 291 – March/April 2021
Receivables 2020 The 24th annual Business Money report on the UK invoice fina...
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