1813 Club and Premier Members


1813 Club and Premier Members


Greater Birmingham’s leading companies


Help to manage money better


Not-for-profit company Auriga Services is taking part in a project aimed at finding out how people in the West Midlands can manage their money better. The project is one of 58 projects designed to improve people’s financial capability and is being underpinned by funding from the Money Advice Service. The Money Advice Service is an


organisation set up by the Government to provide free-of- charge advice on money and is paid for by a statutory levy on the financial services industry. Auriga has been asked to examine


how money management skills can help improve the well-being for people affected with a long term illness in University Hospitals Birmingham NHS Foundation Trusts across the West Midlands. Auriga commercial director Carol


Arnold said: “Being diagnosed with a long term illness would have a severe effect on anyone, not only trying to cope with the medical side but also the financial. This project enables us to support people in their journey and to give them the skills to manage their money.” Auriga Services manages trust


funds for three of the UK’s largest water utility companies.


A Solihull-based electricity generation company has successfully taken part in an auction to sell capacity to the UK Government. It is the first time that UK


Power Reserve (UKPR) has been successful at one of these events, which are known as Transitional Arrangement auctions, and are part of the Government’s attempts to reform the electricity supply market. Under the auctions, the


Government buys electricity capacity from ‘reliable’ sources, such as UKPR, in an arrangement which also designed to encourage the off-peak use of electricity, under a system known as ‘Demand Side Response’. The idea is to get consumers to


use more off-peak electricity. Through the auctions, the Government can tackle peak demand by incentivising large users of electricity such as factories or football pitches, to turn down their consumption at


Premier Membership


Contact: Howard Blow T: 0121 607 1841


Power firm plugs in to government contract


The company’s new, low


carbon energy, such as wind and solar, are complemented by fast- ramping, reliable energy sources like batteries and small, local power stations. Under the terms of the


Tim Emrich, UKPR chief executive


these times. It is a smart and flexible way of improving the electricity system without relying on consumers to pay for expensive new largescale infrastructure and power stations. UK Power Reserve is a fast


growing company and has more than 823megawatts (MW) of small-scale, local thermal power generation and battery storage assets, located across England and Wales.


Eventmasters in school partnership


Hospitality specialists Eventmasters are one of the latest businesses to join the Bishop Vesey's Grammar School’s (BVGS) Corporate Partnership Programme. The business, which is still family run and has been


operating for over 30 years from offices in Birmingham and London, has joined the new initiative to connect with the school, and will help support some of the events to be held for the BVGS Inspiration and Excellence Fund.


‘We are all about hospitality -going the extra mile and crafting a special experience for our clients’


Eventmasters managing director Denise Sheasby said:


“All our directors are from the local area and we hope to give back to the community by supporting this inspiring initiative. Having recently set up the Eventmasters Charitable Trust, the first charity we are working with is the BVGS Inspiration and Excellence Fund.


22 CHAMBERLINK May 2017 “BVGS shares a lot of our values at Eventmasters —


they are a proactive school, continually challenging the issues faced by the education sector. “We plan to work with them to deliver exceptional


events, providing general support and sourcing auction prizes. Each will have bespoke requirements. “We are all about hospitality — going the extra mile


and crafting a special experience for our clients.” Brian Davies, development director and deputy


director of sport at the school, said: “It's great to have Eventmasters involved, and as we continue to grow the Corporate Partnership Programme our work with them should increase. “We plan to attract as many affiliates, parents and


businesses as possible to the events, which will help to support our Inspiration and Excellence Fund giving us the opportunity to enrich the lives of our students. With the high level of attention to detail provided by Eventmasters, we plan to increase attendance and further grow our network within the community.”


Transitional Arrangements auction, UKPR secured 10MW of DSR capacity, which will come online in October 2017 for one year. UKPR is always seeking energy users which would like to benefit from its expertise, and the available payments to turn down its demand. A DSR customer would be alerted four hours ahead of the turn down period in order to help National Grid reduce overall load on the system at a peak demand point. UKPR chief executive Tim


Emrich said: “We are continuing to build our portfolio and look forward to working with new clients to manage their demand turn down via our existing partnership with Total Gas & Power and UKPR’s expertise.”


Politics to blame for decline in M&A


Mergers and acquisitions are likely to fall by ten per cent during this year, according to new analysis by Bracebridge Corporate Finance. The firm found that during the


first quarter of 2017, around 700 mergers and acquisition deals were announced, compared to 900 deals in the last quarter of 2016, a reduction of more than 20 per cent. Andy Moore, managing director


of Bracebridge Corporate Finance , said: “The decline in deal volumes in is not surprising, given the economic and political uncertainties of 2016. “Our current view on the outlook


for 2017 is that we will see a further reduction in volumes of around 10 per cent for the year, taking deal volumes to 3,300 for the year.”


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