Finance Birmingham completes second equity investment deal

Richard Toy, CEO, Auctus and Sam Miller, investment executive, Finance Birmingham

Finance Birmingham has completed its second equity investment with a £400,000 injection into Auctus Management Group (Auctus).

Tyseley-based Auctus, which supplies temporary and contract labour for the rail, utilities and civil engineering industries, will use the cash to finance a new headquarters and training centre, and to fund its expansion following the acquisition of Rail Safety Solutions (RSS). Auctus has also secured a seven-figure invoice discounting facility with Close Brothers. Continue reading