New insolvency figures reflect better trading conditions and increase in business rescue

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A fall in the number of monthly company insolvencies in England and Wales reflects an improvement in local trading conditions, with a growing quantity of struggling businesses able to be rescued rather than closed down. This is according to the Midlands branch of insolvency and restructuring body R3 and follows latest monthly statistics published by the Insolvency Service which show that corporate insolvencies decreased by 7.3% in July 2024 to a total of 2,191 compared to the previous month’s total of 2,363. The drop in monthly company insolvencies follows soaring figures for June, which saw a 15.7% increase compared to the previous month, and a 17.1% rise against June 2023. R3 Midlands Chair Stephen Rome, a partner at Penningtons Manches Cooper in the region, said: “With the monthly decrease in business insolvencies there has been a rise in administration numbers, which is potentially positive for business rescue prospects. “Increasing numbers of businesses have been able to take early advice for exploring and activating rescue plans, enabling them to continue to trade rather than be wound up. “This has been helped by recent improvements in market and economic conditions, driven mainly by a successful summer of sport and more stability for businesses following the General Election. “Better trading conditions for the retail and hospitality sectors are likely to continue over the summer, while the construction sector could receive a further boost through the government’s planned housing and infrastructure initiatives, although it will take time for them to have an impact. “Despite the economic improvements, we would urge individuals and businesses facing financial issues to maximise their outcome options and seek advice early, making the most of the free initial consultation most R3 members offer.”

Leicestershire farm sells carbon credits to top F1 team

A rural consultancy has enabled a pioneering arable farm to sell ‘carbon credits’ generated from sequestered carbon in its soil to a top Formula 1 team to offset their emissions. Blaston Farm in Leicestershire, owned by Philipson Estates, has been at the forefront of regenerative farming for many years and has worked with Fisher German to help turn the farm into one that sequesters and stores a surplus of carbon. With Fisher German’s advice alongside agronomists Indigro and soil monitoring firm Ecometric, it has recently produced a detailed soil organic matter testing methodology and moved to a more regenerative style of farming. If a farm’s captured carbon is more than its yearly emissions, it means the surplus can be sold on the open market to private buyers looking to offset their emissions in the form of carbon credits. After vigorous analysis from Ecometric, credits were listed on the Regen Network platform. Blaston Farm was able to sell credits to the Mercedes-AMG PETRONAS F1 team via carbon finance specialist Respira International. Vicky Povey, agribusiness graduate at Fisher German, said: “Creating carbon credits in this way is relatively new, and the market is very much an emerging one. “But if a farm can demonstrate that it is sequestering carbon in its soils over time via detailed analysis from companies such as Ecometric, then it is looking more and more like a viable way of generating extra income, particularly as BPS declines to zero in 2027, and helping the environment. “Blaston Farm and Philipson Estates are very much pioneers in this regard and have shown that for the right farm, carbon credits are valued by the market. “For a company such as the Mercedes AMG PETRONAS F1 team to be purchasing credits, it shows the blue-chip firms hold them in high regard when it comes to offsetting emissions. “It’s fair to say that this method isn’t foolproof. The number of credits generated can depend on the type of soil a farm has and weather conditions. When assessing farm suitability for carbon sequestration, it is worth assessing fields individually and bearing in mind the trade-offs associated with reduced cultivation. “In addition, the longevity of these practices is somewhat unknown. We know the soil cannot store infinite amounts of carbon, so it is uncertain exactly how long we can continue to increase soil organic matter. “But farmers who are already trying regenerative farming methods ought to think about having their soil carbon levels measured against their emissions to generate credits. The market is only growing, and as companies are increasingly looking for ways to offset their emissions, it could be a great way to make extra money when farms are often under pressure. “For farmers thinking about generating carbon credits, it is vital to get expert advice so they can be sure it is a viable option for them.” Blaston Farm has engaged with regenerative farming practices for several years, including the creation of wildlife habitats alongside arable land, the use of renewable energy such as solar panels and air-source heat pumps, and participation in SFI schemes. Hylton Murray-Philipson, owner of Philipson Estates, believes that having exhausted the soil through years of continuous arable cropping, the heavy clay at Blaston has a 20-year journey of sequestration and recovery ahead. Hylton added: “Soil organic matter is a much more immediate form of sequestered carbon compared to trees or peatland. “At Blaston Farm, we have worked to improve soil quality by diversifying our crops and focusing on a more natural way of farming, which has enabled the soil to take in more carbon. “We felt the creation of highly audited carbon credits would be valued by the market, and the fact that we’ve sold a number of them to Mercedes-AMG PETRONAS F1 has proved us to be right. “We’re looking forward to continuing to capture more carbon to generate more credits, which are currently listed on the Regen Network platform, and show that other farms – and of course, the environment – could benefit from this practice too.”

New car park scheme completed in Swadlincote as part of town’s broader regeneration

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Derby-based project managers, construction cost consultants and building surveyors Armsons Barlow have completed a project to deliver a new car park in Swadlincote, South Derbyshire. The scheme was undertaken on behalf of South Derbyshire District Council and represents a key part of the town’s broader regeneration project, aimed at enhancing local infrastructure and supporting the vitality of local businesses. The project involved the demolition and clearance of several abandoned and derelict buildings, including the former Banks House and Bretby View. The team from main contractor Cawarden stripped the site, demolished all concrete obstructions, including slabs, foundations, and drainage systems, before creating a new car park with associated drainage, kerb lines, retaining walls, access and landscaping. The completed free to use car park covers over 2,000m² of tarmac with 54 spaces including eight EV charging points, with three of these designed to be extra wide to make them accessible for wheelchair users. The car park has been created to serve the town centre, ease parking constraints and foster economic activity. The project has also introduced a ‘pocket park’ which features a granite path that loops through the site, leading to a circular seating area and is planted with over 200 native copper beech trees, creating a green space for both residents and visitors to enjoy. Armsons Barlow worked alongside structural and civil engineers ABA Consulting Engineers, principal designers CJ Consilium Ltd and main contractors Cawarden. Sally Walters, director of Armsons Barlow, said: “We are delighted to have completed this significant project in Swadlincote, which not only provides essential parking facilities but also enhances the landscape of the town with the addition of attractive green spaces. “The successful delivery of this project reinforces our commitment to supporting local communities through sustainable development.”

GLP selects Winvic to deliver 761,000 sq ft Lutterworth industrial facility

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Winvic Construction Ltd has been selected by GLP to construct MPN 761 at Magna Park in Lutterworth. The Winvic GLP partnership is a first and the industrial facility totalling 761,000 sq ft is the largest speculative unit that the developer has brought forward to date. The project will see the main contractor reach a significant milestone in its 23-year history of constructing industrial facilities; MPN 761 located on Magna Park North marks Winvic’s construction of 100 million sq ft of industrial space. MPN 761 will be the sixty-fourth industrial building that Winvic has been contracted to deliver with Net Zero Carbon requirements and it is set to achieve a BREEAM Outstanding rating and EPC A. The sustainable first-in-class design means it is 100% PV ready and WELL Building Standard compliant. The building, with an 18-metre clear height to haunch, comprises a 716,662 sq ft warehouse, an 8,202 sq ft undercroft warehouse, a 1,615 sq ft plant deck and 34,667 sq ft space across a three-storey office and two transport offices; Winvic will fit out the offices to Cat A standards. Winvic will also construct parking areas for 525 cars, 277 HGVs and 180 bicycles as well as undertake landscaping and planting. The project will be handed over to GLP in June 2025. Winvic will be working with GLP to undertake several social value activities to benefit people and businesses that are local to Magna Park as part of its ongoing commitment to deliver positive project legacies. For example, Winvic will focus on providing employment opportunities to young people, engaging Micro, Small, and Medium Enterprises (MSMEs) and working with local schools and community organisations; this will include volunteering and providing regular donations to local food banks. Danny Nelson, Managing Director of Industrial, Distribution and Logistics, said: “MPN 761 has become a special project for three reasons; it marks Winvic’s construction of 100 million square foot of industrial space, it’s GLP’s largest ever speculative unit and it has brought the start of a new and exciting contractor-client relationship. I’d like to thank GLP for appreciating our industrial sector expertise and ESG credentials, and for appointing us on this next phase at Magna Park. “The premier and historic logistics developer is widely acclaimed within the industry for setting new standards in terms of design, environmental management, sustainability, occupier efficiency and local job creation, and we’re proud to now be a part of the Magna Park story. The team is looking forward to progressing safely through the programme and have their sights set on completion in June 2025.” Peter Baird, Senior Construction Manager, GLP, said: “We are pleased to be partnering with Winvic to deliver MPN 761 as we embark upon the next important phase of development at Magna Park North. This is a testament to our confidence in the resilience of the UK logistics market and the strategic importance of the Midlands in particular. “Winvic possess an impressive track record within the industrial sector, and we are pleased to welcome their expertise to our supply chain as we deliver a best-in-class mega distribution unit with occupier demand, technological advancements and environmental, social and governance principles at its core.”

Professional services group appoints new chairman

Professional services group Gateley has appointed Edward Knapp as an Independent Non-Executive Director and Chair Designate. Edward becomes a Non-Executive Director with immediate effect and will become Chairman when Nigel Payne steps down from the board on 1 November 2024.

Edward is a global business leader with extensive experience in growth strategy design and delivery, technology, risk management and transformation with a particular focus on professional and financial services.

He has held executive and senior leadership roles in consultancy and professional services, high-growth technology companies and major financial institutions worldwide, including McKinsey & Company, Barclays, HSBC, Revolut and M&G, where he has most recently brought a particular focus on advisory, wealth management and talent.

As a member of the UK Endorsement Board he is accountable for influencing, endorsing and adopting standards for audit, accounting and professional services spanning UK PLCs.

He currently serves as a Non-Executive Director of F&C Investment Trust plc and has extensive international private-equity backed and plc board and advisory experience, including Chairman of the Audit and Risk Committee and Non-Executive Director of AIM company Ten Lifestyle Group plc and formerly as a Non-Executive Director of Mattioli Woods plc.

On appointment, Edward will become a member of the Remuneration, Audit and Risk and Nomination Committees. From 1 November 2024, he will take over the role of Chairman of the Board, and Chairman of the Nomination Committee.

Rod Waldie, CEO of Gateley, said: “On behalf of the board, I thank Nigel for his significant contribution to the Group throughout the nine year period since IPO. His experience, tireless commitment, clear perspective and support have been instrumental in growing the diverse and resilient professional services business that Gateley is today.

“I am delighted to welcome Edward to the board. He brings extensive and valuable executive and non-executive experience across a range of sectors, commercial acumen and strong and effective leadership. He will be an excellent chairman for the Group.

“I very much look forward to working with Edward as we continue to grow the Group, maximising the strengths and opportunities generated by the unique combination of professional services in our business.”

Edward Knapp, incoming Chair of Gateley, said: “It’s an honour to be appointed as the next Chairman of Gateley. Nigel and the whole team have achieved so much since IPO. The business has an extraordinary track record and heritage of delivering for clients across its legal and professional services capabilities.

“I am looking forward to engaging with our clients, colleagues, communities, shareholders and the whole board to help Gateley navigate the next chapter of outstanding client service, capitalising on its compelling talent proposition to deliver sustainable profitable growth and shareholder returns for the long term.”

Loughborough-based insurance brokers snapped up

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Insurance intermediary, Specialist Risk Group (SRG), has acquired Loughborough-based Anthony James Insurance Brokers, subject to regulatory approval.

This latest acquisition further expands and strengthens SRG’s retail pillar, Specialist Risk Insurance Solutions (SRIS). Founded in 2009, Anthony James Insurance Brokers has built a strong reputation for providing comprehensive insurance services for businesses across the UK. Its expertise spans a wide range of sectors including commercial, corporate, and high-net worth personal lines, making Anthony James a valuable addition to SRG’s existing portfolio. Chairman and founder, Steve Boorman, and Managing Director, Jacob Duckworth, will continue to lead the business, aiming to accelerate growth both organically and through acquisitions. Their team of 50 staff will also transition to SRG, maintaining operations from the Loughborough and Nottingham offices as they establish and strengthen SRG’s presence in the East Midlands. Anthony James becomes SRG’s fifth acquisition since it announced its new investment partners, Warburg Pincus and Temasek, in May this year. Lee Anderson, SRG Group Deputy CEO, said: “Steve, Jacob and the team at Anthony James are a brilliant addition to our growing Group. They have built a fast growing and profitable business that we have admired for a number of years, and we are delighted to welcome them to SRG. The Anthony James team will add tremendous value to our retail business, SRIS, and I look forward to seeing the positive impact Steve and his team make as part of our exciting growth strategy.” Steve Boorman, Anthony James Chairman, said: “It became clear when getting to know Lee and the SRG team throughout the deal process that we shared the same people-focussed and growth-oriented values. I would like to thank my team for all their hard work, and we now look forward to working with our SRG colleagues on our exciting future ahead.”

Just 2 weeks remain to make your nominations for the East Midlands Bricks Awards 2024!

With only two weeks remaining until nominations close for the East Midlands Bricks Awards 2024, ensure to submit your entries for the annual celebration of the property and construction industry by Thursday 5th September. The Bricks shine a light on the outstanding work of those shaping the landscape of our region, recognising development projects and people in commercial and public building across the East Midlands – from offices, industrial and residential, through to community projects such as leisure schemes and schools. We also highlight the work of architects, agencies and those behind large schemes. Take this chance to showcase exceptional new commercial and residential developments, those demonstrating a leading position in sustainability and design excellence; gain recognition as outstanding developers, architects, contractors, and agents, as well as for significant deals; and ensure efforts in corporate social responsibility are rewarded, from eco initiatives to charity work, to social value schemes. To nominate your (or another) business/development for one of our awards, please click on a category link below or visit this page Award categories include:

Nominations end Thursday 5th September

A glittering awards ceremony revealing winners will take place on Thursday 3rd October (4:30pm – 7:30pm) in the Derek Randall Suite at the famous Trent Bridge Cricket Ground, also offering the perfect opportunity to forge new contacts with property and construction professionals from across the region. The event will additionally feature Paul Southby, partner at Geldards LLP, chair of the Advisory Board to Nottingham Business School, chair of Broadway independent cinema, trustee of Clean Rivers Trust, chair of Nottingham Partners, board member of Marketing Nottingham and Nottinghamshire, and former High Sheriff of Nottinghamshire, as keynote speaker. Tickets can now be booked for the East Midlands Bricks Awards 2024 – click here to secure yours. Connect with local decision makers over nibbles and complimentary drinks while applauding the outstanding companies and projects in our region.
Dress code is standard business attire.
Thanks to our sponsors:      

       

To be held at:

Highlight responsible businesses at the East Midlands Bricks Awards 2024

On Thursday 3rd OctoberEast Midlands Business Link’s prestigious Bricks Awards will take place at the famous Trent Bridge Cricket Ground, celebrating the region’s property and construction industry. The annual event recognises development projects and people in commercial and public building across the region – from office, industrial and residential schemes, through to community projects such as leisure schemes and schools. With nominations closing on Thursday 5th September, 10 categories are available to enter. Don’t miss out on this opportunity to showcase your projects and team, reward their hard work, and boost morale. Amongst this year’s categories is Responsible Business of the Year, which can be entered here. The winner of this award will have demonstrated corporate responsibility in their field, working in harmony and for the betterment of the local community in which it operates and setting a shining example for the rest of the supply chain. Last year the award was won by Cawarden, with G F Tomlinson and Aspbury Planning Limited runners up. Upon winning, William Crooks, Managing Director of Cawarden, said: “Cawarden’s second consecutive win of the Responsible Business of the Year award is a true testament to our unwavering commitment towards improving the industry’s image. Our efforts to raise the bar for our people, planet, and community have been recognised through this award. Being a part of the regional property and construction sector is a source of immense pride for us, and we will continue to strive towards excellence.” This year’s Responsible Business of the Year award will once again be sponsored by Press for Attention PR. Greg Simpson, founder of Press for Attention PR, shared: “I have sponsored The Bricks for many years now and as far as I recall, always this particular category. Why is that? Well, it is the PR and the former journalist in me combined. “There are some superb stories that come to light here that might otherwise struggle to make the news or are perhaps kept under the bushel to an extent. I get that. The work and changes that are being created are the key thing when it comes to being responsible from an ESG perspective, not the column inches. That being said, here’s a chance to cast off those sharing shackles and to shine the spotlight proudly on some of the fantastic feats and worthy work that is taking place across the region within the built environment. Cheers to you all.” Offering advice to those entering the awards, Greg added: “First up, tell us judges a story. We don’t need to hear about what you do, your history and inside leg measurements. Set the scene by all means but grab our attention early on by explaining the problem or challenge as it stood and how you tackled it and crucially…why? How did you change things? What does it mean for the user/stakeholder. Remember, nobody wants a drill…they want a home in the wall. Show us the results.” Submit your nominations for Responsible Business of the Year here before entries close on Thursday 5th September.
Winners and sponsors at the East Midlands Bricks Awards 2023
Winners will be revealed at a glittering awards ceremony on Thursday 3rd October, at the Trent Bridge Cricket Ground (4:30pm – 7:30pm) – an evening also offering an opportunity to establish new connections with property and construction professionals from across the region, and hear from keynote speaker Paul Southby. Other award categories open for entry include: Commercial Development of the Year, Contractor of the Year, Architects of the Year, Residential Development of the Year, Developer of the Year, Deal of the Year, Most Active Estate Agent, Excellence in Design, and Sustainable Development of the Year. All entry forms can be accessed here. The Overall Winner award will also be presented at the event. This award cannot be entered, with the winner selected from those nominated for the event’s other awards. The Overall Winner of the East Midlands Bricks Awards 2024 will also receive a year of marketing/publicity worth £20,000.

Book your tickets now

Tickets can now be booked for the East Midlands Bricks Awards 2024 – click here to secure yours. The special awards evening and networking event will be held on Thursday 3rd October 2024 in the Derek Randall Suite at the Trent Bridge Cricket Ground from 4:30pm – 7:30pm.
Connect with local decision makers over nibbles and complimentary drinks while applauding the outstanding companies and projects in our region, and hear from keynote speaker Paul Southby, partner at Geldards LLP, chair of the Advisory Board to Nottingham Business School, chair of Broadway independent cinema, trustee of Clean Rivers Trust, chair of Nottingham Partners, board member of Marketing Nottingham and Nottinghamshire, and former High Sheriff of Nottinghamshire. Dress code is standard business attire. Thanks to our sponsors:      

     
 

To be held at:

Chesterfield IT company transitions to employee ownership

Chesterfield software company  RA Information Systems is to become an employee-owned business through an Employee Ownership Trust. A company spokesman said: “The move reflects our commitment to sustaining the company’s independence and recognising the invaluable contributions of our employees. This decision not only secures the future of our business but also honours the legacy of our founders by preserving the unique culture that has defined RA Information Systems for over three decades. “An EOT is particularly well-suited to RA Information Systems’ business model, where people are at the heart of its success. By placing ownership in the hands of those who contribute most, The company is aligning its structure with its long-term vision and values. This transition allows the firm to continue providing the high level of service which clients have come to expect while giving something back to dedicated colleagues.” The Trustee of the RA Information Systems EOT Limited now owns 100% of the company shares. The initial Trustee Directors include Rob Dabbs, Helen Hadfield, and Rachel Judge, who will oversee the trust and ensure that it continues to serve the best interests of the employees and the business. There will be no immediate changes to the day-to-day management of the company. The founding family —Rob, Annette, and Jon Dabbs — will continue to be actively involved, ensuring continuity and stability. The firm is confident that this new ownership structure will provide the stability, depth of management knowledge, and quick decision-making necessary to support customers well into the future. Rob Dabbs, Trustee Director at RA Information Systems, said: “This transition to an Employee Ownership Trust is a natural evolution for our company. It ensures that our values are safeguarded while maintaining our unique culture. For our customers, it’s business as usual—we remain committed to delivering excellence, with the same dedication and passion that has always been at the core of RA Information Systems.”

Eddisons expands in Leicester with appointment of Associate Director

Eddisons plans to extend its East Midlands regional reach further into Leicestershire with the appointment of Aman Verma as Associate Director, moving in from Phillips Sutton Associates. This is the second senior hire for Eddisons in the East Midlands this summer, and this latest appointment is part of the firm’s strategic expansion in the region. Addison’s Director Gilbert Harvey said: “Extending Eddisons’ offer in the East Midlands was always part of the business’s plan which began with the acquisition of Northamptonshire surveyors Budworth Hardcastle in 2022. “While we have grown our regional roster of clients and instructions over the past two years, an active recruitment campaign – which is ongoing, with more appointments set to be announced in the autumn – is part of our plan for strategic growth across all counties in the East Midlands. “Aman’s depth of knowledge of Leicestershire and the contrasting strengths of its commercial markets across the county will play a key part in presenting the Eddisons’ offer to new property audiences, as well as reinforcing our regional reach to existing clients.”