It’s the city’s business
BATHWORKS THIS ISSUE >>INSPECS GOES PUBLIC (95) >>FUNDING BOOST FOR FACE (96) >>ANDY SEMPLE OF THE NATIONAL TRUST (98) You can see why they won...
GOING PUBLIC Inspecs is to float on AIM, with a market capitalisation of £138 million. The Bath-based designer, manufacturer and distributor of eyewear frames to global chains raised £23.5 million from the placing, which, along with new bank facilities, existing cash facilities and future operational cash flows, will be used to grow the business. Approximately 52.2 per cent of Ordinary Shares will be held in public hands, with CEO Robin Totterman holding around 26.6 per cent. “We are delighted to have received a positive reception from a high quality set of investors, all of whom recognise the strong track record, differentiated proposition and competitive strengths of the business, being one of only a few companies providing a one-stop-shop to global retail chains,” says CEO Robin Totterman. “This IPO will enable the business to fuel its growth ambitions, both organically and through acquisitions, as we leverage our key strengths and competitive advantages to continue to take market share and drive shareholder value.” For more: www.inspecs.com INSPECS CEO Robin Totterman
Taking home the gold Lucknam Park left the South West Tourism Excellence Awards with three awards and a commendation. The luxury hotel near Chippenham nabbed two gold awards, one for Large Hotel of the Year and another for Spa & Wellbeing Experience of the Year, a bronze for Wedding Venue of the Year, and a further commendation for The Brasserie in the Restaurant/ Bistro of the Year category.
Silmiya Hendricks, commercial director, and Beth Tremelling, marketing and PR executive at the hotel, went to collect the award at the grand ceremony at Exeter Cathedral. “Our team works incredibly hard to ensure that we are always delivering the best service, and these awards are credit to that hard work,” Silmiya says. For more: www.lucknampark.co.uk
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