Alumasc warns that profits will be below expectations

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Friday 14 June 2019
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Alumasc warns that profits will be below expectations


Alumasc, the Kettering-based supplier of building products and systems, has said it expects its underlying pre-tax profits to be between 10 and 15 per cent below its expectations for its current financial year.
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Insider Feature

Business Matters: UK Survey - A mixed picture for the region but plenty to be positive about


Simon O’Neill, Midlands managing partner at EY, explains what EY’s 2019 Attractiveness Survey reveals about the Midlands as an attractive investment destination.
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Deals

Gaming machines maker snaps up counterpart


A supplier of gaming machines which dates back to the 1940s has acquired a counterpart in Nottinghamshire.
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Six-figure funding for security specialist


A Derbyshire-based fire alarm and security specialist is on track to increase its turnover by 50 per cent this year after securing a £150,000 loan from UK Steel Enterprise and NPIF - Mercia Debt Finance.
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IT giant agrees terms on £78.9m SCISYS offer


Listed software developer and IT services provider SCISYS is set to be acquired after a £78.9m deal was recommended to shareholders.
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Insider Feature

Business Matters: Helping business owners to plan their exit


Ajay Naik, Business Principal at Fairstone looks into ways business owners can plan their exit.
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Business

Turnover driven past £155m at truck dealer


One of the largest Scania truck and parts dealers in Europe has driven its turnover past the £155m mark, according to newly filed accounts.
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Former Gateley managing partner joins ULaw


The former managing partner of Gateley in the East Midlands has been named as The University of Law's (ULaw) Nottingham campus dean.
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University leads €2m wind power project


The University of Nottingham is leading a €2m project to optimise the sustainable exploitation of wind power in both the European and Brazilian energy markets.
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Erskine Murrey completes Essex rebrand


Leicester-based Erskine Murray has rebranded a brokerage following its acquisition of the business in 2018.
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Turnover nears £750m at delivery giant


Turnover has grown to almost £750m at package delivery giant Hermes Parcelnet boosted by new clients wins.
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Property

Go-ahead for country house restoration


A grade II-listed country house in Northamptonshire, which was constructed in the 1860s, is to be restored to provide new homes. after the go-ahead was granted.
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Occupany rates pass 90 per cent at workplace scheme


Occupancy rates at a prominent managed workspace scheme in Derby, which is a former home of Rolls-Royce, have passed the 90 per cent mark.
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Historic building secures funding for hub transformation


A historic building in Nottingham earmarked for a business hub had received £1.5m of funding.
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Manufacturing

Turnover drops almost 10 per cent at medicines maker


Turnover at a medicines maker in Leicestershire dropped by almost 10 per cent during its latest financial year.
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China exports jump at historic manufacturer


Royal Crown Derby, which has supplied its products to every British monarch since King George III, has seen its exports to China surge in the last year.
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Other News


Midlands Top 500 Companies List - 2019 edition available now


Member Exclusive News


New property manager for student lettings firm


A Nottingham-based student lettings and management company has hired a new property manager.
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Corporate Finance Directory


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Best Places to Meet


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