In Brief: James Walker Moorflex; Gateley; J. H. Shouksmith; G&E

METAL machining company James Walker Moorflex has committed its largest ever investment in a single item of plant and created three new jobs.

The West Yorkshire business has spent almost £500,000 on the installation of a new high-precision machining centre from DMG Mori at the company’s Bingley production site.

The company manufactures high-precision components in a range of metals for critical applications in the oil, gas and nuclear industries, with more than 75% of its output going for export to a wide range of blue-chip projects and customers round the globe.

“This represents the largest investment we have ever made in a single item of plant. We have an ambitious growth target of 25% per annum and this investment in both manufacturing technology and people, will enable us to stay ahead of the demands of our customers in the high specification oil, gas and nuclear industries,” said James Walker Moorflex’s manufacturing manager Andrew Meredith.

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GATELEY has advised on the admission to trading of German biopharmaceuticals company, Biofrontera AG, on AIM, the London Stock Exchange’s international market for smaller growing companies.
 
Nick Emmerson, a corporate partner in the Gateley Leeds office, acted for the nominated adviser and broker.

Biofrontera is also listed in Frankfurt and Dusseldorf and specialises in the development of medical cosmetics and dermatological drugs for the care and treatment of skin diseases.

Emmerson said: “AIM provides a great platform for international companies to build their ¬institutional and international investor base and accelerate international sales growth. Gateley is expertly placed to advise on AIM listings involving international companies.”

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BUILDING services company J. H. Shouksmith and Sons has been awarded a £2.7m contract to undertake the design and installation of the mechanical and electrical package at the new Gorse Stacks Primary Health Care Centre in the heart of Chester. 

York-based Shouksmiths’ project includes the installation of the full range of building engineering services comprising air conditioning and ventilation systems, security and CCTV facilities, fire alarms, telecommunications systems, heating, pipework services, plus all power and lighting.  A full building management system and two plant rooms are also being installed, one of which will house an energy efficient, combined heat and power unit.  Work started on site at the end of February and is due for completion in early October.

The Health Care Centre is the first phase of the development of the Gorse Stacks site, and will comprise a large reception area, a pharmacy, a café, waiting areas on each floor, consulting rooms, treatment rooms and a three tier underground car park.  Further phases for the site are also planned in the future to include offices and 42 residential units.

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G&E Wealth Management, the York and Leeds-based IFA arm of accountants Garbutt & Elliott, has been selected by Benenden Wellbeing to provide financial advice to the members of its parent organisation, Benenden Health.

G&E Wealth Management will be offering advice about the financial options for paying for care in later life to the leading mutual Benenden Health’s UK membership of around 900,000 people.

Simon Holt, managing director of G&E Wealth Management, said: “I’m delighted that our expertise in this very sensitive area for families has been recognised by Benenden Wellbeing and we are pleased by the number of members who have already taken our advice.”