Local business headlines from across the county
Contractor eyeing £30m turnover increase
A building contractor in Warwick has said the company is targeting a £30m increase in turnover during its current financial year.
MCS Group is expecting its turnover in 2018 to reach £110m up from £79.7m for the year to 31 December 2017. Its latest accounts were published earlier this month.
https://www.insidermedia.com/insider/midlands/contractor-eyeing-30m-turnover-increase
HOBIRA MIRA handed £700,000 gov contract
Nuneaton-based engineering, research and product testing company Horiba Mira has been awarded a £700,000 government contract for the second phase of the Autonomous Last Mile Resupply project.
https://www.insidermedia.com/insider/midlands/horiba-mira-handed-700000-government-contract
Major milestone for JLR battery project
An energy company has announced a "major milestone" in its £1.3m partnership with Jaguar Land Rover (JLR).
https://www.insidermedia.com/insider/national/major-milestone-for-jlr-battery-project
Manufacturer to create European HQ in Warwick
Electrical manufacturer Sodick is to build a 45,000 sq ft site in Warwick as it creates a new European headquarters for the business.
The Japanese business has been in Coventry for 10 years and will move its 46 staff, which run its sales, service and marketing support operation, to Tournament Fields.
http://www.thebusinessdesk.com/westmidlands/news/2019859-manufacturer-create-european-hq-warwick
Big data firm to invest £1.5m in Coleshill expansion
Telematics business Trakm8 is planning to invest £1.5m as part of its growth plans that will see it expand its Coleshill site.
https://www.thebusinessdesk.com/westmidlands/news/2019058-big-datatrakm8-invest-coleshill
Clinical tech firm secures Midlands Engine funding
Warwickshire-based clinical services technology firm C7 Health has received a six-figure package from the Midlands Engine Investment Fund’s (MEIF) Proof of Concept (POC) & Early Stage Fund.
https://www.insidermedia.com/insider/midlands/clinical-tech-firm-secures-midlands-engine-funding
Historic law firm pushes past £20m milestone
Revenues have topped £20m at historic Warwickshire law firm Wright Hassall, new accounts have revealed.
https://www.insidermedia.com/insider/midlands/wright-hassall-tops-20m-milestone
New escape room planned for town centre
A bid to convert a cycle shop in Leamington Spa into escape rooms has been approved.
The building in Bedford Street will be converted into four escape rooms after permission was granted by Warwick District Council.
https://www.insidermedia.com/insider/midlands/new-escape-rooms-set-for-town-centre
£14.5m housing project gets underway in Nuneaton
A £14.5m project to transform a six-acre former council site into a housing development close to Nuneaton town centre is now underway.
The St Mary’s Road site is being worked on by housing association Midland Heart and Derby-based developer Partner Construction.
https://www.insidermedia.com/insider/midlands/14.5m-housing-project-gets-underway
Manufacturer acquires counterpart
A Warwickshire-based company that makes chemicals for the electronics industry has acquired a manufacturing counterpart in Northamptonshire.
A-Gas Electronic Materials, which is located in Rugby, has snapped up Daventry-based Elga Europe for an undisclosed sum.
https://www.insidermedia.com/insider/midlands/manufacturer-acquires-counterpart