West Midlands business round-up

Firms across the region have been continuing to produce great results as the year comes to an end. Here's some of the highlights.

Christmas sales boost for Togademus

Birmingham based start-up toy shop Togademus has seen monthly sales up by 20% compared to last year.

Togademus was launched in August 2015 by Helen Earp, a mum of four-year-old twins and was born out of her craft business, selling wooden products, bunting and nursery décor from a rented space within the shop.

Helen says that this year’s festive sales have been boosted due to the top five festive bestsellers: wooden Noah’s Ark toys, science kits, wooden tea sets, train sets and finally Lottie Dolls – which have won numerous awards as a positive role model for children.

Tim Sawyer, CEO of Start Up Loans Company who supported Helen as she started her business, said: “It’s fantastic to see Togademus wrap up its first full year of trading on such a positive note, and bringing children together at Christmas to enjoy some festive craft workshops in the shop is a nice added touch. Small businesses should be at the heart of every community spreading cheer.

Fracino expands team by 25%

Fracino has boosted its payroll by 25% across the last 12 months as part of a multi-million pound investment programme to meet a growing demand for its products.

The Birmingham-based third generation family business which manufactures cappuccino and espresso machines has created nine new roles in the past few months alone – bringing the total headcount to 58.

The arrivals are key to the continued growth of Fracino, which produces more than 5,000 coffee machines annually for a client portfolio spanning SUBWAY®, Patisserie Valerie, Druckers coffee shops and Pathfinder pub chains.

Mazars awarded Top 50 Tax Team of the Year

The tax team based in Mazars’ Birmingham office celebrates national feedback and recognition with their colleagues and clients throughout the UK.

Mazars, the integrated and independent international organisation specialising in audit, accountancy, tax and consulting services, has been awarded the Top 50 Tax Team of the Year award at the 2016 British Accountancy Awards.

The judging panel recognised, in particular, that the team from Mazars “looks to deal with the major challenges of delivering a modern-day tax service, that of transparency and ethics. Alongside their approach (the team) also illustrated their success with impressive figures”.

NatWest opens new manufacturing hub in Coventry

NatWest has opened a new manufacturing hub for businesses in Coventry, where companies from across the Midlands can support each other and celebrate their achievements.

The hub which is located at NatWest’s offices in Rowan House, Coventry, was officially opened on Thursday, December 16, and includes a display of some of the products manufactured in the region and a celebrates of some of the great things being done in the Coventry and Warwickshire.

Surinder Summan, director of Commercial Banking at NatWest, said: “Without question manufacturing businesses across Coventry and Warwickshire have developed innovative products and technology to support the manufacturing sector, and our hub has been created to celebrate these achievements.

"The ecosystem continues to evolve to meet the needs of the industry and businesses continue to develop with it, and will continue to do so well into 2017 and beyond.”