Alert Data News | Business | Companies | UK | Business Performance

March UK Limited

Wed, 23 May 2012 08:29:10 +0100

Online retail company £240m Loss - future investment in IT infrastruture - restructuring programmes - Turnover 2.57bn - 16,000 Employees
Merseyside online retail company March UK have recorded Group turnover up from £1.89bn for 2010. Despite this, March UK recorded an operating loss of 240m, up from 76.8m in 2010. The losses are due to the cost of integration and restructuring programmes. The group continues to invest in its future with further significant investment in the IT infrastructure and web platform, supported by advertising campaigns.

QUANTUM PHARMACEUTICAL LIMITED

Wed, 23 May 2012 08:00:50 +0100

£25m expansion - Future Growth - 200 New Jobs
DRUGS company Quantum Pharmaceutical plans further growth after a £25m expansion which has seen it take on 200 staff and double its revenues to £55m. The company has also completed the acquisitions of three companies. Managing director is Andrew Scaife

CSR Plc

Wed, 23 May 2012 03:21:37 +0100

£10m loss at wireless technology firm - £44m restructuring costs - Over 400 jobs lost
Cambridge based wireless technology firm CSR Plc has recorded a pre-tax loss of £10.2million between January and March 2012, compared with a loss of £1.8million in the same period in 2011. The increased losses are as a result of the companys £44m of restructuring costs, which included closing down its TV business section and cutting more than 400 jobs.

Mechan Limited

Tue, 22 May 2012 22:10:15 +0100

Expansion of export business - Sales level maintained - Business award
Heavy lifting equipment specialist Mechan has expanded its export business into new markets in Taiwan, New Zealand and Belgium. Sales and profits for the company have been maintained. It has received an award from the Manufacturing Advisory Service for its commitment to continuous improvement principles. Richard Carr is the managing director.

Manganese Bronze Holdings PLC

Tue, 22 May 2012 17:13:46 +0100

Slower trading - fall in sales
Black cab manufacturer Manganese Bronze Holdings has experienced slower trading and expects UK sales in the first half of 2012 to be lower than for the first half of 2011. Trading has been affected by weak business confidence due to adverse economic conditions. Sales are expected to improve in the second half. 2010 turnover £69.5m, 321 employees.

Bridgman Ibc Limited

Tue, 22 May 2012 13:49:57 +0100

Major capital investment - new machinery to support growth
Bridgman IBC, a Hartlepool-based industrial door manufacturer, has purchased a computer numerical control wood machining centre for a six figure sum. The new machinery will allow the company to meet increased demand from customers as the construction industry starts to recover. 2011 turnover £5.37m, 66 employees.

Yoplait UK Ltd

Tue, 22 May 2012 08:47:15 +0100

Franchise bought back - Production to Cease at Glambia - Turnover 133.7m
Irish dairy and ingredients group Glanbia has agreed to sell its local rights to Yoplait back to the yoghurt maker. Under the agreement, Yoplait will reacquire the franchise for EUR18m and will progressively take over responsibility for production, marketing and account management in the Republic of Ireland and Northern Ireland. As a result, production will cease at Glanbia's facility in Inch, Co. Wexford.

Stobart Group Ltd

Tue, 22 May 2012 08:39:21 +0100

2,000 potential new jobs - Widnes inter-modal site development - strong business performance
Logistics group Stobart expects to complete development at its Widnes road, rail and sea hub within three years, creating up to 2,000 jobs. Revenues increased to £551.9m for the year to February 2012, from £500.4m in 2011. Pre-tax profits increased to £30.5m compared with £29.5m previously. The group employs a total of 5,500 staff.

Newnham & Abel Ltd (In Administration)

Tue, 22 May 2012 08:23:52 +0100

Placed into administration - 11 jobs lost
Norfolk steel fabrication company Newnham & Abel Ltd has been placed into administration with the loss of 11 jobs. The company closed due to late payments and a default by a major client. Donna Louise Cartmel, of Unique Business Recovery Ltd, was appointed administrator of Newnham and Abel Ltd on 4 May 2012.