University of Nottingham to help make design and manufacturing of digital technologies more sustainable
Severn Trent Water gives £600k to Trent Rivers Trust after pollution incident
After years of failure, this Government is strengthening regulation further through the Water (Special Measures) Bill so that water companies are held to account, benefiting customers and the environment.
Matt Easter, chief executive officer for Trent Rivers Trust, said: “Whilst we would rather such incidents did not take place, Enforcement Undertakings are an effective tool to support the recovery of our rivers and catchments following severe pollution events. “The funds will be used to restore and improve vital habitats and introduce or enhance natural processes that will cope better during any future pollution incident.“With the funding, Trent Rivers Trust will create a more natural catchment to better support the communities and wildlife that depend on its health and resilience.”
University of Leicester collaborates with two companies to foster innovation and drive business growth
New hope for future of Allestree Hall following renewed market interest
Council considers sale of Derby’s register office
Family business finds new home in Melton Mowbray Commercial Park
BGF invests £6m into Northampton-based playground design and installation business
Double-digit revenue and profit growth for Lutterworth cybersecurity software company
Double-digit revenue growth, with an expanding and geo-diversified pipeline, has put Intercede, the cybersecurity software company, on track to meet market expectations for the year.
The Lutterworth business is “pleased” with its interim results for the six months ended 30 September 2024, in which revenue grew to £8.54m, up from £7m in the same period of the year prior.
Profit before tax, meanwhile, ticked up to £1.7m from £1.1m.Royston Hoggarth, Chairman, said: “I am pleased to state that the Group is achieving its key objectives of delivering double digit growth both in revenue (adjusting for the exceptional licence order in December 23) and profit before tax.
“Furthermore, today we announce our new standalone product MyID SecureVault which already has significant client and prospect interest, emphasising not only the capabilities of the Group but also its ability to seek and nurture new market opportunities.
“With strategic investment in products and colleagues being maintained, I am also pleased at the level of commitment and talent our colleagues give in helping to deliver and achieve the Group’s growth ambitions.
“The momentum we had in FY24 has, on a like for like basis, further grown in FY25 and our results illustrate that. As the pipeline diversifies and expands, we are in a strong position to achieve our financial performance goals for FY25.
“Following on from the UK Budget and conclusion of the American elections, we hope there is now more stability in the macro-economic environment in the coming years.”
Revenue and profit on the rise at Gateley
Revenue and profit are on the rise at Gateley, the professional services group, according to a trading update ahead of half year results for the six months ended 31 October 2024.
The firm says its “increasingly diverse business lines combined to deliver a strong performance in the Period,” in which group revenue grew by 5% and is expected to be not less than £86m.
Underlying profit before tax, meanwhile, is expected to be not less than £10.5m, representing growth of 5%.
Rod Waldie, Chief Executive Officer of Gateley, said: “I am pleased with the Group’s performance in H1 25 and the ongoing improvement in activity levels as the financial year progresses, which means that we have good momentum into H2.
“The Group continues to benefit from the resilience created by our strategy of investing in a diverse and complementary range of professional services.
“We are pleased that our more recent organic investments are beginning to generate positive returns alongside the strong performance from our recently acquired businesses. Our balance sheet provides a strong foundation from which to take a long-term view of potential opportunities to further invest in both legal and consultancy services.
“Finally, as always, I would like to thank our clients for their support and our dedicated people for their ongoing hard work, commitment and can-do attitude.”