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 […]
High-growth renewable energy business Ryse Energy has secured a six-figure loan from Lancashire’s Rosebud fund, managed by GC Business Finance (GCBF) on behalf of Lancashire County Developments Ltd, to support increased demand for its products. Based in Lancashire, Ryse Energy is a global leader in off-grid and remote renewable energy systems. With more than 4,000 […]
Manufacturing output fell slightly in the quarter to February, but at a more modest rate than in the first lockdown last Spring, according to the latest CBI Industrial Trends Survey. The survey of 296 manufacturers also found that output increased in 11 of the 17 sub-sectors. However, growth in these sub-sectors was outweighed by sharp […]
The two owners of leading steel fabrications business, Fabrikat, the UK’s leading independent designer and fabricator of lighting columns and guardrails, recently sold the business to a management buy-out (MBO) team in a deal funded by Duke Royalty Limited. Sutton-in-Ashfield based Fabrikat (Nottingham) Limited was formed in 1985 and has grown to become one of […]
Bibby Financial Services (BFS) has provided a £4m invoice discounting facility to investment group Modular Group Investments to support the acquisition of Euramax Solutions Ltd, one of the UK’s leading window and door manufacturers. Servicing both commercial and residential businesses in the UK and Ireland, Euramax specialises in PVCu windows and covers developments of all […]
Surface Transforms, which manufactures next-generation carbon ceramic brake discs for the automotive and aircraft industries, has raised £20m to expand its manufacturing capacity and meet growing demand from automotive customers in a financing round led by Zeus Capital. The raise follows a successful 18 months for Surface Transforms, in which it has secured contracts to […]
Output stabilised in the quarter to January, following three consecutive quarters of decline, according to the latest CBI quarterly Industrial Trends Survey for Scotland. However, output is expected to return to sharp decline in the months ahead. The survey saw an overall decline in total domestic and export orders, albeit at a slower pace than […]
Nationwide insolvency practitioner SFP has successfully completed the sale of Conwy-based injection moulding business, A2B Plastics Limited, after the company was placed into administration. Most of 24 employees’ positions will be safeguarded as a result, as well as retaining specialist manufacturing knowledge in Wales. With a history dating back to 1958 and operating […]
The S&E Group, which includes award-winning manufacturer Michael Smith Switchgear Ltd, has secured a development loan through Santander UK, with whom it has a longstanding partnership spanning over seven years. The Leicester-based Group, which comprises Michael Smith Switchgear Ltd (MSSL), AVW Fabrications Ltd and Power Quality Systems Ltd, specialises in the manufacture, supply and installation […]
Alternative SME credit specialist Caple has helped Euroview Architectural Glass (EAG), an independent manufacturer of high-performance glass, access a £3m long-term unsecured loan. Essex-based EAG will use the loan to complete a management buyout (MBO) of the company and to boost the growth of the business in the UK and internationally. It expects to grow […]
