Third annual survey highlights challenges facing SMEs

Businesses in the UK are being urged to share the challenges they expect to face over the next 12 months in the third annual SME Business Survey. The study, originally launched by Northants human resources experts HR Solutions in the midst of the pandemic in 2020, is live now for 2022 and is open to all small and medium sized enterprises and focuses on key issues such as the impact of rising costs, and employee retention. This is the third year that HR Solutions have run the survey, which they use to gain a deeper understanding of the year ahead and discover how SMEs plan to navigate the changing business climate. Chief Executive of HR Solutions, Greg Guilford, said: “The past three years that we have carried out our survey, have arguably been three of the most challenging years for SMEs for some time. “Last year’s survey found that SMEs were keen to manage their costs more effectively whilst also highlighting that recruitment was set to be a serious challenge. The survey allows us to do a ‘stock take’ on key trends for SMEs, and reflect on how the market is changing. “It also gives us the opportunity to support those enterprises that really need the extra help. In response to the challenges identified in the 2021/22 survey, we worked with a number of SME partners to deliver further guidance and support in key areas including business finance, employee retention and recruitment using webinars, seminars and detailed support packages.” Last year’s findings showed many SMEs were struggling with employee retention so HR Solutions teamed up with Vestd to discuss The Great Resignation and whether share and share option schemes could be the answer. Another webinar showed key ways to secure top performing employees within a challenging recruitment market. The 2021 SME Business Survey results also showed that cash flow within businesses is more important than ever, so HR Solutions partnered with Nordens accountants to look at the importance of cash flow and forecasting. Greg added: “The more people that take part in the survey, the clearer the picture is for us of what challenges need addressing and what support SMEs need right now. The work we do provides a wealth of material to enable SMEs to thrive and succeed, despite those challenges. “We are hoping to get a record number of participants this year. The survey is available online now and is quick and easy to complete. Take a look and be part of something that benefits our business community.” To take part in the 2022 SME Survey visit https://www.hrsolutions-uk.com/sme-business-survey before the end of the year.

Gateley hails “strong” six months

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The board of Gateley, the legal and professional services group, is “pleased with the strong performance” of the group in the six months ended 31 October 2022.

According to a trading update ahead of Gateley’s half year results, revenue has grown by 22% and is expected to be not less than £76 million. 

Underlying adjusted profit before tax meanwhile has grown by 11% and is expected to be not less than £9.4 million for the period.

Rod Waldie, Chief Executive Officer of Gateley, said: “In a period that included previously announced investment to strengthen our operating model and some predicted and appropriate post-pandemic increases in operating costs, our resilient business model, enhanced by an increasing range of complementary services, and our embedded ‘one-team’ culture, remain the driving forces behind another strong financial performance by the group. 

“On behalf of the board, I would like to thank our clients for their support and our dedicated people for their ongoing hard work, commitment and can-do attitude. 

“We are excited by the wide range of opportunities that are presenting themselves to the group and look forward to continuing to grow the business, both organically and via acquisition, in line with our stated strategy.”

Leicester reviews platform acquired by US firm

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AppHub, an ecommerce enablement platform, has acquired Leicester-based REVIEWS.io, the reviews platform founded in 2012 by Callum McKeefery and Nicole Albano. Fueled by a $60 million growth investment from Silversmith Capital Partners, the deal marks AppHub’s eighth and largest acquisition to date. As part of the acquisition, McKeefery will join the AppHub Board. REVIEWS.io was founded as a platform for collecting and publishing genuine reviews to build trust among consumers and merchants. REVIEWS.io has since evolved to leverage first-party data to help positively influence purchase behavior. The business has 8,000 customers, including some of the most well known brands in ecommerce, such as Vuori, Pura Vida and Boxraw. AppHub believes there are significant opportunities to accelerate REVIEWS.io’s growth by leveraging AppHub’s broad customer base, multi-product offering, and value-add services. “The product suite offered by REVIEWS.io fully supports the AppHub mission to build software that enables ecommerce success,” said Arjun Batra, co-founder and co-CEO of AppHub. “Our combined platform addresses a range of pain points for ecommerce businesses, including marketing, conversion, logistics, and now reviews, making it well positioned to serve both SMB and enterprise customers.” “Ecommerce has become incredibly crowded, forcing brands to compete more aggressively than ever for customer attention,” said McKeefery. “When we started REVIEWS.io 10 years ago, we wanted to create a product that would allow brands to build trust with their customers by enabling direct, useful feedback. AppHub is a great partner for us because of their broad ecommerce expertise and customer footprint, which will enable us to further accelerate growth.” “In addition to adding a great product, the acquisition of REVIEWS.io is transformational for us because it doubles our headcount to ~100 employees and expands our footprint to better serve our growing global customer base,” said Kris Eng, co-founder and co-CEO of AppHub.

New life for Grimsby building

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A vital step in the transformation of Grimsby’s St James’ Square has been completed, with local company the E-Factor purchasing St James’ House. The former office building has been bought by the E-Factor Group, which has plans to bring the building back to life using a £1.5m slice of Towns Fund money along with significant private investment. The move provides a major boost for the Square and will pave the way for the building to be completely renovated and transformed into a business hub exclusively for local businesses. Mark Webb, Managing Director of E-Factor, said: “We’re absolutely delighted that we can now plough on with our plans to develop this building and provide quality business accommodation for a variety of local businesses and entrepreneurs right in the town centre. “There will also be space for business events and small conferences, all aimed at supporting local business people. This is a significant investment for our company, but we are determined to continue to be part of the positive story of growth in this area. “We recognise that this building has been empty for some time and with our investment, supported by the Towns Fund, we are confident we can bring it back to life. “We are an independent limited company, but every bit of our profits are reinvested in supporting the huge contribution local business owners and entrepreneurs make to this town. “E-Factor will once again be providing wrap around business support, easy in easy out terms and all the guidance we can give to help create and grow successful local businesses. The more people who do business in the town centre, the better it will be for shops and restaurants also located there.” North East Lincolnshire Council’s Cabinet approved a business case to help renovate the building last year with the use of Town Deal money. Whilst not putting any council cash into the scheme, authority approval was needed to enable the release of Government monies. North East Lincolnshire Council leader, Cllr Philip Jackson, said: “The success of the Wilkin Chapman building on Cartergate and the redevelopment of St James’ Square, a key heritage asset in the town, meant that the next step was to deal with St James’ House in a way that can increase footfall in the town centre and provide benefit to other local businesses. “I’m delighted E-Factor has taken this building on to bring a new dimension to St James’ Square, a fantastic heritage asset in our town centre. We are extremely pleased to support this scheme.” Confirmation of the building’s new future has delighted those who have worked hard in the background to progress plans. This includes the Church’s representative body, the PCC (the Parochial Church Council) – the former owners of the building. Fr Chris Hewitt, Vicar of Grimsby Minster and Chairman of the PCC, said: “St James’ House was built in the early 1970s and for many years provided offices and meeting space in the town centre for a variety of organisations including the council, the BBC and it also provided accommodation for the Parish office. “More recently the building became surplus to requirements and over the last few years a number of alternative options were investigated, which unfortunately did not proceed. We took the decision to appoint Scotts Property to dispose of the building and they received a number of expressions of interest. “We carefully considered these, not only from a financial perspective, but also with regard to the presence of Grimsby Minster and our social investment in St James’ Square and the surrounding area. The proposal from E-Factor provided the best fit and we are delighted to have sold the property to them. We look forward to seeing it play an important role in the future of St James’ Square and the town centre.” Lawrence Brown, Managing Partner at property agents Scotts, explained: “We’ve been working with the PCC and the Minster, together with other agencies, for several years to try to bring forward various alternative uses for the building. We’ve considered residential conversions, offices, medical related uses, art galleries and cultural space together with retail and restaurant units. “We’ve been so close on several occasions – most recently immediately prior to the lockdown at the start of the pandemic, but, as everyone knows, this changed everything.  All of this work had taken place ‘behind the scenes’ and when we were instructed, by the PCC, to openly market the property we received lots of interest from a range of different people. “After careful consideration the offer from E-Factor met the objectives of the PCC most closely and we can now look forward to seeing a refurbished building in the heart of the town centre.” E-Factor Group Ltd (E-Factor), have been both developing and managing a portfolio of commercial properties around North East Lincolnshire for more than 12 years.

Motorpoint sees record first half revenues while pre-tax profit slips with increased investment

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Motorpoint Group, the Derby-based vehicle retailer, has reported record first half revenues and a drop in pre-tax profit in unaudited interim results for the six months ended 30 September 2022 (H1 FY23). Revenue increased to a record £786.7m, up 30% from £605.2m in the same period of last year, helped by market share growth, vehicle mix and price inflation. It marks progress as the company looks to grow revenues to £2bn. Profit before tax meanwhile slipped from £13.5m to £3m, which the firm said reflects increased investment relating to delivery of strategic objectives and to maintain a market leading price position, against record margins experienced in H1 FY22. Mark Carpenter, Chief Executive Officer of Motorpoint Group PLC, said: “I am pleased with the progress the group has made during the period, delivering record first half revenues, whilst executing on our investment strategy for growth despite increasingly difficult macroeconomic conditions. “Providing our customers with the best omnichannel car purchasing experience is integral to what we do, and we believe this can be achieved through investment in both physical branches and technology. The ongoing success of our investment during the period is reflected in our increased market share of the 0-4 year old market and improved efficiencies across the business. “We believe that Motorpoint is the best operator in the UK’s used car market. It has proven its ability to grow profitably over its 25 year history and right now there is a significant opportunity for the business to grow its market share whilst remaining profitable. “As a result, in line with previous guidance, profitability levels will be lower as we continue to invest in our strategic agenda. The investments made now will enable Motorpoint to emerge from the current macro environment in a stronger position as we seek to deliver sustained shareholder value.”

Alpha Power Cleaners expand with new warehouse and workshop in Loughborough

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East Midlands-based commercial cleaning equipment specialist Alpha Power Cleaners has announced major expansion plans, with the build of a new warehouse and workshop for their current Loughborough site. The new warehouse will be critical in facilitating the company’s growth plans over the next few years. Alpha Power Cleaners sell, hire, repair and service commercial cleaning machines for customers across the UK, with a hire fleet of equipment from leading brands such as Kärcher, Tennant and Mac International. The details of Alpha Power Cleaners’ build plans Alpha Power Cleaners has commenced construction of a new, significantly larger warehouse to replace their current warehouse and offices. Upon completion, their new warehouse will include a new workshop for repairs and servicing, and new office space to accommodate the company’s growing team. This investment will provide Alpha Power Cleaners with more space for their hire fleet of machines, and an updated and improved repairs and servicing workshop. This will not only increase efficiency of repairs and servicing, but it will also further reduce wait times, by making it easier and faster for the team to deliver commercial cleaning equipment to their customers. As the company doesn’t currently have another site to work at, it’s all hands on deck! The entire team is working hard to provide the same high level of service, whilst the new warehouse and offices are being built. The project is making good progress, with the structure and flooring of the warehouse already complete. Work is now starting on the interior of the site, with plans to commence construction of the exterior later this year. The site is due to be completed by Q3/Q4 of 2023. Investing in the next phase of expansion The new development will unlock major benefits, both for the team at Alpha Power Cleaners, and their customers. Once expansion has been completed, Alpha Power Cleaners will be continuing to increase their hire fleet, giving them the capacity to reach more customers. Then, the dedicated, improved workshop will allow the company to operate more efficiently, and decrease the wait times for machine repairs and servicing. With new bespoke repair bays, complete with scissor lifts for each service technician, the workshop team will be able to service larger industrial and commercial machines with greater ease and efficiency. This development will give Alpha Power Cleaners a state of the art workshop, market leading in their field as the workshops have been specifically designed for the maintenance of all manner of industrial and commercial cleaning equipment.
This is an aerial shot of the new warehouse floor being laid, showing 5 of 7 new repair bays.
This will lay the foundation for the ongoing future growth of Alpha Power Cleaners, as its customer base expands and its contract numbers continue to increase at the same pace. Alongside this, across all aspects of the development, Alpha Power Cleaners is committed to supporting the local community. “We are immensely proud of the strong relationships that we forge with the local community, and this new development will continue that people-focused approach,” commented Rob Freeman, Operations Director at Alpha Power Cleaners. “We are committed to serving the community of Loughborough. Alongside the new job opportunities that will be available when the development is complete, including new Office Admin and Service Technician roles – we are also sponsors of the local ‘Barrow Town Harriers Under 11s Football Club’ and ‘Loughborough Rugby Football Club Under 14s’. For us, this is a key part of our company ethos and what we stand for.” If you are interested in finding more about the new office admin and service technical roles, send across your details to Alpha Power Cleaners. These new roles are becoming available now so please email info@alphapower.co.uk for more information. About Alpha Power Cleaners Alpha Power Cleaners is a commercial cleaning equipment specialist, offering a wide range of services, including the sales, hire, maintenance and repairs of a huge variety of commercial cleaning solutions from all leading manufacturers. The team has over 80 years of combined experience in the industry, and have established a long-standing reputation for quality, efficiency, affordability and reliability. Alpha Power Cleaners serve a wide area across the UK including the Midlands, the South, Loughborough, Derby, Nottingham, Milton Keynes, Luton and London. If you are looking to hire a commercial cleaning machine, or need advice on what machine best suits your needs, contact the team today.

LLEP invests £90,000 in extending project to grow digital skills in Leicester and Leicestershire

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Leicester and Leicestershire Enterprise Partnership (LLEP) and De Montfort University Leicester (DMU) will collaborate in extending a project to improve digital skills across Leicester and Leicestershire.

DMU has been commissioned to lead the LLEP’s Digital Skills Partnership (DSP) in delivery of the latest phase of its Digital Leicestershire project.

The University will utilise its experience to support the project vision of bringing people and organisations together to increase digital skills.

Digital Leicestershire has three areas of focus: 

  • Upskilling digital skills of local small businesses

  • Increasing digital inclusion

  • Developing educational pathways.

The £90,000 project is the second phase of an original LLEP project which commenced during the pandemic to increase online inclusion as residents were locked down.

Many services moved online as a consequence of the pandemic, yet ONS data showed that more than 11% of the East Midlands population were non-internet users and 9% had no digital skills at all.

The new-look DSP will serve as a single portal for small businesses to access digital expertise and technical training. It will also signpost courses varying levels and lengths, as well as working to facilitate inclusion through device, skills and connectivity.

It comes after the first phase of Digital Leicestershire saw the LLEP Skills Advisory Panel (SAP) allocate £300,000 towards addressing Digital Poverty in February 2021 as part of the local Covid recovery response. 

Local partners and voluntary groups were consulted about how the money should be used, with skills, connectivity, and availability of devices identified as areas of particular need.

Seven projects were funded – providing recycled devices, laptop lending, and digital buddy schemes – with the aim of supporting more than 1,200 disadvantaged people.

DMU has now been commissioned to take forward a second phase, using repurposed Growing Places Fund (GPF) money to deliver further inclusion activities including:

  • Getting more community organisations accessing free data

  • Supporting equipment recycling and lending schemes

  • Working with partners to access hard-to-reach groups

  • Engaging more businesses through Corporate Social Responsibility plans

  • Increasing use of online learning resources

  • Seeking additional funding for a digital skills strategy for schools.

Activities under the two-year project will continue to be conducted under the Digital Leicestershire brand.

Andy Reed OBE, LLEP co-chair, said: “Inclusion is a core pillar of our regional economic growth strategy and the speed of the move to digital during the pandemic left some in our communities behind.

“Addressing that gap will help to grow our region; the Good Things Foundation has estimated that every £1 invested in digital inclusion could see a return of £9.47 for the economy.”

Research for Phase 2 showed that more than 20,000 roles requiring specialist IT skills were advertised in Leicestershire over a 12-month period. By developing local skills, the project can help to provide a workforce needed by employers.

Helen Donnellan, PVC Regional Business and Innovation, DMU, said: “Digital inclusion is a real issue in Leicester and DMU has been involved in support work for many years with the city’s communities.

“We know that employers struggle to find people with digital skills and the knock-on effect this has on their ability to grow and thrive.

“This valuable work will help address this, helping people not only to gain sought-after skills but to get them into jobs.” 

The DSP engages with more than 70 local individuals across the groups, with direction and thought leadership provided by LLEP digital skills ambassador Amit Sinha.

Amit, also chief technology officer for SME and Scale at Microsoft, said: “Digital skills are vital for the future economy and the LLEP partnership with DMU will provide people in our region with not only the basic skills needed for everyday life but also the technical skills required by the employers and industries of tomorrow.”

QUAD appoints new Chief Executive

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QUAD has announced that its interim Chief Executive has been given the role on a permanent basis. Since taking on the role, Vivek Malhotra has successfully led QUAD through the uncertainty following the COVID pandemic. He also recently led QUAD’s successful NPO application process, securing £1.4 million from Arts Council England to support the cultural hub’s work over the next three years.
A registered charity, QUAD opened to the public in 2008, and since then has been at the heart of the city’s cultural scene, as well as being internationally recognised for providing quality and excellence in the arts. Its facilities include cinemas, gallery, café bar and workspaces. The venue provides contemporary art exhibitions, films and events, as well as creative participatory and learning opportunities. Mark Gregory, chair of QUAD’s board, said: “The board wish Vivek every continued success in his now permanent role as CEO, as we continue to drive QUAD’s vision through challenging times of the current economic climate. “The board of trustees has confidence that Vivek will continue to successfully navigate and drive QUAD’s future success.” Vivek said: “I am very pleased to have been appointed as the permanent CEO of QUAD and look forward to working with the board and team to achieve the goals of the organisation and to secure its future.”

M&S lets Daventry distribution facility

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Logicor, an owner and manager of logistics real estate in Europe, has secured a long lease with retailer, Marks & Spencer (M&S) at DIRFT 224, Daventry. It follows the refurbishment of the c.224,000 sq ft cold store distribution facility located at Daventry International Rail Freight Terminal (DIRFT). Anthony McCluskie, Logicor’s director, Asset Management, UK, says: “It’s great to work with M&S again to provide this refurbished modern chilled storage for our valued existing customer. The site has undergone a full refurbishment which was delivered on time, ready for M&S to occupy ahead of their Christmas peak. M&S will join a number of blue-chip occupiers at this prime distribution park.” JLL and Cushman & Wakefield advised Logicor. Alongside extending the relationship with M&S, an extensive refurbishment programme has begun on three detached warehouses within a large secure site, known as CAMPUS 450, at DIRFT which will enhance the sustainability of the current assets. As part of the work to improve the sustainability of assets across the Logicor portfolio, EV charging points, new LED lighting, and air source heating will all contribute to lowering the carbon emissions and will be targeting BREEAM Very Good.

Redundancies made at Joules

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Senior redundancies have been made at Market Harborough lifestyle brand Joules, following the appointment of administrators last week. Retail Week reports that it has seen an internal memo noting that channels director Rimal Patel and brand and creative director Chloe Ward have both left the business, while chief financial officer Caroline York is set to leave on Thursday. 11 other staff were also said to have been made redundant on Monday, with more to follow. Will Wright, Ryan Grant and Chris Pole from Interpath Advisory were on Wednesday (16 November) named joint administrators of Joules Group plc and Joules Limited. At the same time, Will Wright and Ryan Grant were appointed joint administrators of Joules Developments Limited and The Garden Trading Company Limited. Joules is one of the UK’s best-known retail brands, renowned for its premium, colourful clothing and homewear products, inspired by country living. Headquartered in Market Harborough, the group currently operates a total of 132 stores across the UK, employing over 1,600 people. The joint administrators said they will continue to trade the group as a going concern while they assess options for the business, including exploring the possibility of a sale as a going concern. All stores, including the group’s online store, will remain open. Will Wright, head of restructuring at Interpath Advisory and joint administrator, said: “Joules is one of the most recognisable names on the high street, with a unique brand identity and loyal customer base. “Over the coming weeks, we will endeavour to continue to operate all stores as a going concern during this vitally important Christmas trading period while we assess options for the group, including a possible sale. “Since the group’s announcement on Monday, we have had an overwhelming amount of interest from interested parties. We will be working hard over the days ahead to assess this interest, but at this stage we are optimistic that we will be able to secure a future for this great British brand.” A South African group that owns brands such as Phase Eight and Hobbs is reportedly contemplating a bid for Joules. According to Sky News, The Foschini Group (TFG) has been in discussions with Joules for several weeks – ahead of it appointing administrators – with an offer of investing in the business in return for a substantial stake.

Newly launched roadside dining brand commits to largest unit at Rutland development­­

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UK property developer Godwin Developments has announced that Loungers, a nationwide operator of all day café-bars and restaurants, has signed a lease for the biggest unit at its new roadside retail development, Ram Jam Services. Fronting the busy northbound section of the A1 in Rutland, the restaurant will be operated under the Brightside brand, a recently announced roadside dining concept from Loungers which is being rolled out across the UK. When delivered, the 4,500 sq ft unit will be the first purpose-built Brightside restaurant which will serve c. 41,500 vehicles passing the site daily as well as residents of the local area. Ram Jam Services is positioned alongside the main arterial route from Peterborough to Grantham, next to an established petrol station, a new bakery and is only 15 minutes away from Rutland Water – one of the largest man-made lakes in Europe. The area and wider county attract nearly 1.9 million visitors every year who favour it for its attractive countryside and outdoor pursuits. A total of four units have been developed by Godwin at Ram Jam Services, of which three are currently under offer, leaving only one unit comprising 754 sq ft available. Claudine Tracey, associate director, Commercial Development at Godwin Developments, said: “We are delighted to have secured Loungers’ new Brightside brand for our Ram Jam Services development. The site has historically been a thriving roadside destination and we are really pleased to be breathing new life into it, bringing amenities and consumer choice, attracting passing motorists as well as those who are travelling to and live in the local area. “We remain very active in the roadside retail market, which is buoyant and growing rapidly. We have already built strong partnerships with all major market players in this space and we will continue to support them in expanding their networks and bringing brands closer to their customers.” Alex Reilley, founder chairman of Loungers plc, said: “We believe that Brightside will really shake up what has become an uninspiring sector and that there is potential to roll out Brightside across the UK in the coming years. Our expertise in high-quality, great value all-day dining, developed through Lounge and Cosy Club, gives us confidence that Brightside can bring proper hospitality back to roadside dining across the UK.” Ogle Property and Shakespeare Martineau acted for Godwin Developments on the deal. The remaining unit is being marketed by Ogle Property.

Research reveals strong growth in number of enterprises in Leicester and Leicestershire

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New research from the Office for National Statistics’ UK Business Counts dataset shows that Leicester and Leicestershire have performed strongly against other English local authority and regional areas in terms of the number of enterprises and businesses located in the area between 2011 and 2021. The highlights include:
  • Space Park Leicester newLeicester had a 98 per cent growth rate in the number of enterprises in the city, ranked 5th overall and the highest outside of London in comparison with all 152 single/upper tier authority areas
  • Leicestershire’s growth rate in the number of enterprises is ranked 5th against the 31 other comparable counties
  • The Leicester and Leicestershire Enterprise Partnership (LLEP) achieved a growth rate of 46 per cent and is the fourth highest of 38 Local Enterprise Partnership areas
The wider East Midlands region saw a percentage growth of 34 per cent in the number of enterprises – the third biggest growth out of nine regions around the country. Mike Denby, director of inward investment and place marketing at Leicester City Council, said: “We are pleased to see the impressive performance of the city and county in terms of the number of businesses making the area their home, and staying and growing here. “The destination offers a high quality and cost competitive investment location and growth results like these reaffirm the message that Leicester and Leicestershire is a place where world leading businesses will thrive in the long-term.”

KPMG UK to relocate Nottingham office

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Business advisory firm KPMG UK is set to relocate its Nottingham office, next year, to the University of Nottingham’s new Castle Meadow Campus as part of its long-term regional growth strategy.

KPMG UK’s Nottingham office supports businesses in the East Midlands with audit, tax, consulting and advisory services across a wide range of sectors – both private and public. The firm’s office, currently located on Park Row, Nottingham, hosts over 200 employees, who will move to a dedicated office at the university’s new campus, situated at the foot of the city’s historically significant Nottingham Castle.

The move strengthens the existing strategic partnership between KPMG UK and the university; and bringing a local business into the academic hub will provide an exciting opportunity to create a professional learning and working environment for staff and students. Bringing the daily business activity of the firm into the university environment will also unlock new opportunities for talent and skill development, shared facilities and services – including hospitality and conferencing – as well as the experience of a university-business connected environment.Marc Abrams, senior office partner at KPMG UK’s Nottingham office, said: “This is an exciting time for KPMG in the East Midlands as we embark on the next stage of our relationship with the university. The decision to locate within the university in the city centre reinforces KPMG’s investment in the East Midlands and our ambition to expand and enhance staff experience by providing new facilities.

“With this move our clients will benefit from greater collaboration on research and innovation projects between KPMG and the university, enabling us to deliver enhanced data driven outcomes for their businesses.”

Castle Meadow Campus is the university’s once-in-a-generation landmark investment currently in development. The new campus will enable the university to have a greater physical presence in the city centre, bringing opportunities for final year and postgraduate students studying professional practice-based courses, as well as supporting jobs, investment, and growth for the city.

Margaret Monckton, chief financial officer at the University of Nottingham, said: “We are delighted to welcome KPMG into our university community. Our Castle Meadow Campus will enhance opportunities for collaboration with local business, industry and small businesses, making it easier for partners to seamlessly engage with us and develop long-term, mutually beneficial relationships, and make a positive difference for the city, while offering the best of facilities for staff and students. KPMG is a foundational partner in this exciting new venture for the university.”

Justine Andrew, head of the University Partnership office at KPMG UK, added: “The first year of our partnership has already unlocked some exciting projects for us, the university, our clients and the region. Being located within the university’s campus will be a new step for us as we look to collaborate on talent, product development and innovation. We see the Nottingham partnership playing an increasingly important role in supporting new and innovative ways of working across the UK. The move is a hugely exciting chapter for us.”

Professor John Gathergood, associate pro-vice chancellor for Research and Knowledge Exchange in the Faculty of Social Sciences at the University of Nottingham, said: “We are thrilled to enter this unique co-location relationship with KPMG which will benefit the research and innovation activity in both organisations. Campus co-location promises new ways of working and innovating, bringing university and business talent in partnership to promote research and innovation for financial inclusivity and social good.”

The relocation announcement comes shortly after the first anniversary of KPMG UK’s strategic partnership with the University of Nottingham, a partnership which drives insight for clients and supports the economic growth agenda across the East Midlands. The move allows an additional exciting opportunity for collaboration across fintech, talent and research-based client solutions.

Student accommodation and Build to Rent apartment scheme planned for site of Leicester office building

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Proposals have been submitted for purpose-built student accommodation (PBSA) and a Build to Rent (BtR) apartment scheme on Welford Road in Leicester.
Cheswold Welford Road Limited are seeking full planning permission to redevelop James House for the scheme. The plans involve the demolition of the existing office building at the site to make way for a student accommodation block providing 351 bedspaces, and a Build to Rent block providing 106 apartments made up of 46 one bed and 60 two bed flats. There would also be a commercial unit on the ground floor.

Clowes Developments reports record breaking turnover

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Clowes Developments has reported a rise in revenue and profit in its latest annual accounts for the financial year ending 31 March 2022. The Derbyshire-headquartered firm achieved a record breaking turnover of £119.8 million, up from £82.9m in the year prior. Pre-tax profits meanwhile stood at £41m, growing from £22.3m. The news comes after the firm’s acquisition of Derby County Football Club earlier this year. The directors of Clowes “consider that this is a medium-term investment to return the football club to stability and add significant value to the initial cost of circa £60m.”
Since 31 March 2022, the group has acquired four new sites along with the Pride Park Stadium, and sold a number of smaller completed new build commercial properties, sold two commercial land plots and agreed further pre-sales on six commercial units where building is about to commence or has already started. Clowes says it continues to trade at increased levels compared to previous years due to the pre-sold commercial deals signed both during the year and since the year end.
Chairman of Clowes Developments, David Clowes, said: “Our latest figures tell an on-going and compelling story of robust financial management and cautious investment. Our buoyancy is testament to the hard work of our professional team and a vote of confidence from the market in our company’s ethos and commercial direction.”

Strong revenue growth for Lutterworth cybersecurity software company

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Revenue and pre-tax profit are on the rise at Intercede, the Lutterworth cybersecurity software company. According to interim results for the six months ended 30 September 2022, revenues totalled £6.1 million, approximately 24% higher than the £4.9 million reported for the same period of last year. Profit before tax meanwhile hit £620,000, up from £120,000. The news comes after Intercede’s acquisition of Authlogics Ltd, post-period end, a UK-based company bringing Multi Factor Authentication (MFA) and Password Security Management (PSM) capabilities to the Intercede Group.

Royston Hoggarth, chairman, said: “I would like to take this opportunity to thank our colleagues for their hard work during what has undoubtedly been a busy six months, driving strong double-digit revenue growth and working towards the completion of Intercede’s first M&A deal.

“The acquisition of Authlogics enables Intercede to deliver on its strategic vision of addressing the entire authentication pyramid from Passwords to PKI. 

“The Board is pleased to see such a focussed start to Phase 2 of the turnaround plan to push scalability and accelerate revenue growth.

“While the Board is cognisant of volatility in the current global macroeconomic environment, we remain confident in the group’s execution of the ‘6C strategy’ and that the outlook for the second half of FY23 remains in line with management’s expectations.

Burton upon Trent-based golf club expands after securing funding package

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A Burton upon Trent-based leisure business has expanded with support from HSBC UK. Branston Golf and Country Club has utilised a £2.4m funding package from HSBC UK to assist the business with its regeneration plans, following a management buyout of the club pre-pandemic. The transformation includes the development of a health club, 17m swimming pool, conference facilities, creche, and a 2,000 sq ft gym, alongside extensive maintenance of multiple site golf courses. Branston Golf and Country Club has established 10 jobs across the business, created to manage and support the promotion and operation of the Club’s new and improved facilities. With over 3,000 members, Branston Golf and Country Club has seen a 23% uplift in health and fitness memberships – and a 14% increase in golf memberships – since reopening post-pandemic in 2021. As a result of expanding, Branston Golf and Country Club is estimating an increase of 25% in turnover to hit £5m in revenue at the end of a five-year regeneration plan. Ben Laing, Managing Director at Branston Golf and Country Club, said: “The support from HSBC UK has enabled us to extend our investment over a longer period. Consolidating the investment in one package will enable us to drive the rate and volume of all revenue streams, resulting in steady and consistent growth across all business sections. “As we operate in the premium segment of the market, this investment has ensured that we can deliver the highest quality of service and facilites to all our members and customers.” Paul Armstrong, area director at HSBC UK, added: “We’re pleased to be able to support businesses from sectors that are still recovering from the impact of the pandemic, such as Branston Golf and Country Club. The Club is in a position to move forward with its exciting plans for future growth.” The proposal was introduced by Ben Lavin at Empire Finance who worked with Mark Greasley, relationship manager at HSBC UK, in order to find a suitable funding package.

Plans in for major student scheme in Leicester

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Plans to demolish a factory in Leicester to make way for student accommodation have been submitted to the City Council. The proposals for the Gill Knitwear site at 48 Little Holme Street are to be delivered by ECE Westworks alongside Crown Student Living.
The application site is within walking distance to both of Leicester’s universities.
The planned scheme comprises 646 beds of managed student accommodation, varying from studios to multi-level cluster apartments. These would be supported by associated landscaping, ancillary and communal facilities. The building would vary in height from seven to eleven storeys with a six-storey connecting spine.

Lincolnshire company fined £36,000 for illegal waste activities

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A food waste recycling company has been fined £36,000 for the illegal spreading and storage of waste at three sites in South Yorkshire and Lincolnshire, in a sentencing case heard at Doncaster Magistrates’ Court on Wednesday 16 November 2022. In September 2022, Whites Recycling Limited pleaded guilty to 8 offences, including the breach of environmental permit conditions related to the spreading of waste to farmland in Auckley and Blaxton, Doncaster, and Susworth, Lincolnshire, contrary to the Environmental Permitting (England and Wales) Regulations 2016. Doncaster Magistrates’ Court heard that Whites Recycling Limited, in breach of its environmental permit, spread liquid waste to fields near to Ivy House Farm, Auckley between March and May 2018; to Acomb Farm, Blaxton in November and December 2018; and to East Ferry Road, Susworth, Lincolnshire in November and December 2019. Liquid wastes containing nitrogen and phosphates were spread on land by the company at the wrong time of year or in excessive quantities, which posed a risk of pollution to groundwater. In addition, the Lincolnshire-based company pleaded guilty to illegally storing liquid waste in a storage tank on Acomb Farm between July 2017 and April 2018. Whites Recycling Limited is a company involved in the disposal and recycling of waste sludge and liquid waste, the majority of which are generated by the food industry. The company can lawfully spread such waste to farmland in circumstances where it can be demonstrated that land spreading will result in agricultural or ecological benefit. Although the company had an environmental permit that allowed it to spread food waste to land for agricultural benefit, it was a condition of its permit that before it could start to store or spread waste at a location, it must notify the Environment Agency using a deployment form, and the Environment Agency must agree to the spreading. This ensures that waste is only permitted to be spread to land when it benefits either the soil or the crop being grown in it and where it will not pose a risk of harm to the environment. If waste is spread to land without a deployment first having been agreed, or if waste is spread to land in circumstances which are not in accordance with the agreed deployment, then there is a risk of environmental harm. In passing sentence, District Judge Young stated that the company had been negligent, in that it had failed to take reasonable care to put in place and enforce proper systems for avoiding the offences. The court acknowledged that the company had reviewed its systems and steps had been taken designed to avoid further offending. The court stated that it had to balance the need to bring home to the company’s management and shareholders the need to improve regulatory compliance, with the fact that the company had recently been operating at a loss. The Court fined the company £36,000 and further ordered the company to pay a statutory surcharge of £170, and the Environment Agency’s investigation and legal costs of £38,008.17. After the sentencing, Area Environment Manager Steve Lawrie said: “Our rules are in place for a good reason and to ensure that any material that is spread is done correctly and managed in a way that protects the environment. We will not hesitate to take enforcement action in future for those who breach their permits and refuse to cooperate. “We hope this case sends a message to other land spreading operators and farmers that we take land spreading offences very seriously. Operators must follow the correct procedures to ensure they spread safely, in accordance with their environmental permits. “We will always take action against anyone who fails to act in accordance with environmental laws and if anyone spots an environmental incident, they can report it to the Environment Agency’s 24-hour incident hotline on 0800 807060.”

Northampton first in recruitment app roll-out

A new app launched by Berry Recruitment in Northampton enables users to find work in seconds. The tech is an extension of the town’s busy branch and means workers can take more control of their lives by choosing when and where they work. The app will be rolled out nationally but Northampton has been chosen as one of the first places to benefit. From downloading the app to accepting work is swift and simple – with employers also benefitting by filling vacancies more easily. Berry Recruitment provides full and part-time work in sectors including industrial, office, catering and driving – and it also provides staff for large events. Already the app is being downloaded by many who want to make a bit more money in the run-up to Christmas. Lee Gamble, manager of Berry Recruitment, said: “The app does not replace our Northampton branch – it is an extension of it. “Our workers can always talk to a real person; algorithms are great, but people buy from people – this hybrid solution is definitely the future for recruitment. “Northampton is an ideal place to roll out the app because of the nature of the work the branch provides and the high number of staff we already have on our books. “There are many employers in the area desperate for workers and we can now provide them with an even better service. “It is extremely easy to register on the app and we still interview people face-to-face – via Facetime or similar technology, and this reassures employers. “After it’s been downloaded the jobs are listed and people can click on vacancies and have work in seconds. It puts power literally in their hands. “The app provides the same benefits that those who register within the branch receive. “We have a refer-a-friend scheme and a temp of the month award, plus there are tips as well as careers and interview advice. “We provide a route planner to help workers get to the job and it’s easy to send messages via the app so all parties involved can communicate easily. “Clients and candidates across Northampton and surrounding areas are already using it and benefitting from it.”