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The administrators of kitchen and bathroom showroom group Homeform have admitted that customers, employees and businesses owed a collective £30m following the company's collapse are unlikely to see a penny of their money. A new report seen by Insider has revealed that the company, which operated the Sharps Bedrooms factory in Bilston, failed owing creditors more than £80m. READ MORE...
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| Deals |
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Barclays Corporate in the Midlands has provided debt facilities to support Exponent Private Equity's £121m acquisition of BBC Magazines. Read More...
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Warwickshire-based Promanex has been sold to engineering company Costain Group in a deal worth £18.8m. The acquisition was advised by the Birmingham offices of Deloitte and Eversheds. Read More...
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Birmingham City Council is set to bid for a tenth of the government's £20m High Street Recovery fund. Read More...
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| Property |
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Two divisions of Warwickshire-based Morgan Sindall Group have been appointed to the Constructing West Midlands framework in a £3bn deal. Read More...
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Private Finance Initiative (PFI) funding for new infrastructure does not provide taxpayers with good value for money, the House of Commons' Treasury select committee has concluded. Read More...
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Birmingham-based regeneration company St Modwen has appointed a contracter for its £5m 'mysapce' youth centre in Longbridge. Read More...
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| Business |
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Two businesses from the West Midlands have made it into a list of the top ten family businesses in the UK for 2011. Coventry Airport owner Sir Peter Rigby makes the sixth spot on the list. Read More...
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Barclays Business has appointed Doug Woodhouse as relationship director in the Midlands. Read More...
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