Manufacturers calls for greater role in English devolution plans

Business must be given a greater role in plans for devolution in England if the process is to result in genuine localism and a...

Wilkins Group to open $3m Sri Lanka factory

A Nottingham-headquarted firm which manufactures packaging has invested $3m in a new Sri Lankan factory. Wilkins Spence Packaging Lanka, a subsidiary of The Wilkins...

Loughborough’s largest warehouse sold to expanding local firm

A 155-year-old Loughborough-based manufacturer has moved into a newly refurbished 202,000 sq ft warehouse thanks to a sale through local surveyors Mather Jamie. Charles...

Rolls-Royce set to make further redundancies

Rolls-Royce has announced plans to cut a further 400 jobs in its marine business as it reacts to the impact of a sharp fall in oil prices. The company says it will offset the job losses by in...

Catapult sells Oxford Cryosystems to new management team

Melton Mowbray-based investment house Capital Ventures has sold its stake in Oxford Cryosystems, which has been sold through a management buy-out. Catapult invested in...

Manufacturers fearful of Living Wage pressure, says EEF

New research from EEF, the manufacturing organisation, shows that the majority of manufacturers will see little impact from the move to implement a National...

PottertonPacs adds to manufacturing footprint

A Leicestershire manufacturing business has built a 3,000 sq ft building after securing funding from Barclays. PottertonPacs on Coleman Road has built the new...

Musgrave Generators moves to new premises

An East Midlands-based business which specialises in the design and manufacture of large scale generators has moved to new premises in Daventry. Musgrave Generators,...

Fairline Boats sets sail for new ownership

Corby luxury yacht manufacturer Fairline Boats has been sold by Better Capital to a special purpose acquisition vehicale affiliated with the Wessex Bristol group...

Clear road ahead for MVIS after funding deal

A Matlock-based company, Mobile Visual Information Systems (MVIS), has secured a £1.94m finance package to help with its growth in supplying roadside solar powered mobile signs.
The funding package complemented the asset backed funding provided by Reward Capital and enabled MVIS to secure a multi-million pound contract to deliver signage for Highways England’s M1 smart motorway project, which is currently being piloted on the M1 corridor at three sites between junctions 42 and 15. As part of the contract, MVIS invested in 136 new portable, solar powered, five colour matrix signs and partnered with Bartco UK, manufacturer of the signs, to deliver the largest deployment of portable variable message signs on the smart motorway project. The contract and finance package has put the company on target for a 500 per cent increase in turnover over the next three years following double and treble digit growth in turnover and profits over the previous two financial periods. Pat Musgrave, managing director of MVIS said: “Securing the finance has not only enabled us to deliver signage for the Smart Motorway project but also cemented our reputation as market leader in mobile signage and pave the way for international expansion for the company.”The funding, which was provided by Lombard Technology Services (LTS), was negotiated on behalf of MVIS by Chesterfield-based Mitchells Chartered Accountants and Business Advisers.

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Prestigious industry award for Derbyshire manufacturer

Gowercroft Joinery has won a national award from the British Woodworking Federation (BWF) for the design, manufacture and installation of over 300 timber external...

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