ISIS Equity Partners, investing funds from the Baronsmead VCTs, has completed a £3.75m replacement capital transaction in Surgi C, the distributor of spinal implants. Based in Birmingham, the business was originally incorporated in February 2007, following the acquisition of the distribution business of Surgicraft by the current managing director, Peter Dines, who will continue in his role as the major shareholder and MD.

Administrators from Birmingham accountancy and business advisory firm PKF have confirmed the sale of the assets of Hagley-based Advent Computer Training and Access 2 Careers, securing the future for thousands of students. The Worcestershire companies went into administration in February, leaving students who had taken out loans to fund their training facing an uncertain future. Advent provided IT training to approximately 6,500 students across the UK, and Access 2 Careers offered plumbing and electrical courses to more than 3,000. Certain assets of Advent have been bought by West Midlands-based Computeach, the UK market leader in IT training, and some Access 2 Careers assets have been purchased by OLCI Construction Training, the nationwide provider of plumbing, gas and electrical training. Both Computeach and OLCI have been confirmed as preferred training partners by Barclays Partner Finance, which provides third-party loans to students to fund their courses.

Staff at a Leicestershire telephony company are preparing for a summer of pop after clinching contracts to provide digital communications services to a string of rock and pop festivals around the country. Solwise Telephony of Hinckley will be supplying telephone links at the two giant V Festival events at Hylands Park in Chelmsford and Weston Park, Staffordshire. The company has also been drafted in to provide communication links at the T in the Park festival at Kinross in Scotland, and will be supplying digital communications at the Big Chill festival at Eastnor Castle in Herefordshire.

West Midlands coach operator Rotala has reported a leap in profits from £350,000 to £1.9m for the year ending 30 November 2009. Revenues also rose by 14 per cent from £35.7m in 2008 to £40.6m last year. Adjusted basic earnings per share was 7.06p, up from 1.67p in 2008. The company said that 2010 trading has thus far been “in line with expectations”.

A Leicestershire agricultural business that has successfully launched a green waste enterprise division is investing approximately £250,000 in a major expansion at its Hinckley base. Family-owned and -run J & F Powner is one of only a few green-waste handling sites operating with an Environmental Agency licence in Leicestershire, processing more than 14,000 tonnes of material every year, and it is constructing a new reinforced composting pad. The project is being part-funded by the company, along with a grant awarded by Emda through the Rural Development Programme for England (RDPE) and Yorkshire Bank.

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Frank Haslam Milan (FHM) has moved to bigger premises in Coleshill following a round of contract wins. The new contracts have resulted in the need to recruit more than 80 new members of staff – which in turn meant FHM needed a larger base to accommodate the company’s expansion. Under one of the new contracts, FHM will build a five-storey extension at The Snow Hill Hostel in Birmingham, a direct-access hostel for men over the age of 25, on behalf of Midland Heart. The contract value is £6.7m. FHM’s new offices will be based in Regeneration House, Gorsey Lane, Coleshill.

Licensing law firm Poppleston Allen has promoted solicitor Nick Arron to partner at the Nottingham-based practice. Managing partner Jonathan Smith said: “The move to partner represents just recognition for Nick’s commitment to the job and his clients. We have been impressed with Nick’s development of the betting and gaming practice since we asked him to step up and take responsibility for the Gambling Act 2005.”

Loudspeaker manufacturer Warwick Audio Technologies has appointed a new international sales manager to help launch the company into the global arena. Trevor Brown, an electronics expert with more than 20 years’ experience in sales and marketing, has joined to expand the company’s international client base. Brown has spent much of his career working for blue-chip companies such as Texas Instruments and Intel, where he worked as major accounts manager in the UK and the US.