Record turnover at electrical wholesaler

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Today's West Midlands business news from Insider |

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West Midlands

Tuesday 25 January 2022

LATEST NEWS

TOP STORY

Record turnover at electrical wholesaler

Turnover at the owner of an electrical products wholesaler with almost 400 branches across the UK has surged past the £750m mark.
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INSIDER FEATURE

Business Matters: Your business is worth more to criminals than drug trade

With the global cost of cybercrime predicted to top US$10.5tn by 2025, it is more lucrative than drug trafficking. Fayyaz Shah, operations manager at METCLOUD, explains why syndicates are targeting SMEs and what businesses can do to protect themselves.
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DEALS

Kwalee makes first studio acquisition

Kwalee, a Leamington Spa-headquartered developer and publisher of video games, has made its first studio acquisition.
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PwC’s TS team surpasses £3.5bn milestone

PwC's transaction services (TS) team in the Midlands completed transformational deals with a total value of more than £3.5bn in 2021.
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365 Business Finance to increase lending with £55m raise

365 Business Finance has raised £55m to support its plans to quadruple its lending to SMEs over the next two years.
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Property services group sold to Platinum Equity

A deal has been agreed for a property services group with a nationwide network of 210 branches and offices to be sold to Platinum Equity by Bowmark Capital.
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INSIDER FEATURE

Business Matters: The Midlands Engine is Levelling Up and building back stronger

Grant Peggie, director for venture capital solutions at British Business Bank, says from local manufacturers to innovative tech start-ups, small businesses are the foundation of the Midlands' economy and its future growth.
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PROPERTY

PDS Direct agrees major warehouse deal

Logistics company PDS Direct has agreed a deal for an industrial warehouse unit in West Bromwich which extends to 58,578 sq ft.
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Palletline member acquires headquarters

A member of the freight distribution network Palletline has purchased the site it has operated from for 20 years.
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AspinallVerdi opens Birmingham office

Property regeneration consultancy AspinallVerdi has opened an office in Birmingham as the firm looks to expand its presence in the Midlands.
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Goold Estates to sell Walsall retail parade

Property investment and development company Goold Estates has revealed plans to sell a parade of town centre retail units at a multimillion-pound scheme in Walsall.
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Recruitment firm launches new office

A Black Country recruitment specialist has launched a new office following a rise in demand for permanent staff.
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Almost 60 homes proposed for Birmingham site

An application has been submitted proposing the transformation of a site in Birmingham to provide almost 60 homes.
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Savills names new office head

Savills has named the new head of its Telford office.
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BUSINESS

Interpath Advisory opens new Birmingham office

Interpath Advisory, which was formed last year following the sale of KPMG's UK restructuring practice, has opened its new office in Birmingham city centre.
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Partner hire at Curo

Bromsgrove-based accountancy firm Curo has welcomed an additional partner to support its expansion.
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Senior promotions at Prime Accountants Group

Prime Accountants Group, which has offices in Solihull, Birmingham and Coventry, has promoted two senior staff following a period of growth.
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MANUFACTURING

Revenue up and losses cut at Autins Group

Autins Group, a Warwickshire-headquartered supplier to the automotive industry, increased revenue and cut its pre-tax losses during its latest financial year despite the ongoing semiconductor shortage.
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Made Smarter generates more than £10m in GVA

Made Smarter, a programme designed to help West Midlands manufacturing and engineering firms utilise new digital technology, has achieved more than £10m in value generated since its launch last summer.
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OTHER NEWS

NEW Midlands Top 500 Companies Database - contact thousands of the senior decision makers

Midlands Top 300 SME companies data - contact top decision makers

MEMBER NEWS

Fresh appointment at Harris Lamb

Harris Lamb has appointed a residential property manager to help grow the department as part of its business development strategy.
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£1.5m works complete at Wolverhampton Art Gallery

Wolverhampton Art Gallery has unveiled its new look following the completion of £1.5m improvement works.
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UPCOMING EVENTS

18 Feb	Become Part of Birmingham’s Growth Breakfast
19 May	Insider East Midlands Dealmakers Awards 2022
26 May	Insider Made in the Midlands Awards 2022
23 Jun	Insider Midlands Residential Property Awards 2022
21 Jul	Insider Made in the UK Awards 2022

SERVICES & GUIDES

Corporate Finance Directory

Find an adviser to help you buy, sell or invest in a business.
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Best Places to Meet

The region's top places to hold events, conferences and meetings.
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Best Places to Stay

The region's top hotels and accommodation.
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Record turnover at electrical wholesaler

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