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

Advertisements

Amey wins £4.5m Network Rail contract

Amey, the UK’s leading support services partner and one of two companies bidding for the £2.7bn Birmingham highways maintenance PFI contract, has been awarded a multi-million pound contract with Network Rail to provide design and contract supervision services for the construction of platform extensions in nine stations on the Thameslink route.

The delivery of the project will be managed by one of Amey’s design offices in Birmingham and will be supported by two other Amey consultancy offices in Swindon and York.  The fee income for the work is estimated to be between £4-4.5m. The project is due for completion before the end of 2011.

Continue reading