Persimmon Homes North Midlands has completed the purchase of land to unlock a housing development in Newbold Verdon, Leicestershire.
The site will deliver up to 239 new homes. A significant portion of the land will be kept as public open space for the people of Newbold Verdon, helping to enhance the area’s green space and biodiversity. Along with the boost to local housing needs, the scheme will bring with it a range of community benefits – including a total of up to £2.1m pledged towards the nearby area. Within this amount includes over £1m towards education and £160,000 towards healthcare improvements. Dan Endersby, Managing Director at Persimmon Homes North Midlands, said: “We’re proud to have completed the purchase of land to deliver up to 239 new homes in Newbold Verdon. Our upcoming new community will bring a wide range of new benefits to the area, including major improvements to local roads, public open spaces, healthcare, and education. “Of course, what we do is about so much more than building quality homes. This development will not only generate significant job opportunities throughout the lifespan of the project but will also leave a lasting legacy of community benefits for the people of Newbold Verdon and the surrounding areas.”Light Science Technologies secures third order from sports entertainment segment customer
Light Science Technologies Holdings’ Contract Electronics Manufacturing (CEM) Division has received a third order from its customer in the sports entertainment segment, worth £134,000.
Since its first order in the sports entertainment segment was announced in February 2024, Derbyshire-based Light Science has now received orders for a total of 15,000 units, worth in excess of £400,000 in revenue. The order will be completed within the current financial year.
The customer currently has 14 entertainment venues in the US, four venues in the UK, and is rapidly expanding with eight new venues currently under construction in the US.
Simon Deacon, CEO of LSTH, said: “I’m delighted with the continued momentum within the CEM Division and the Group as a whole. Importantly, we are establishing long-term relationships with global clients that have the ability to underpin repeat business opportunities, which we believe will result in increased visibility as we continue to convert our strong quoted sales pipeline.
“The Group has really turned a corner this year in all market sectors, and we’re seeing many of the changes we’ve made begin to yield positive results. In CEM specifically, we’ve invested strategically in our ability to take on larger and more significant contracts, which allows us to capitalise on the post-Covid move away from Far East manufacturing.
“We are excited to play a part in our customer’s expansion as they bring new and innovative solutions to market and we look forward to sharing further progress in the future.”
Topps Tiles makes £9 million acquisition
Topps Tiles has acquired the CTD Tiles brands, 30 stores, selected stock and all related intellectual property from CTD Tiles Limited (CTD), acting by its administrators, James Lumb and Will Wright of Interpath Limited, for a consideration of £9 million.
Prior to entering administration on 19 August 2024, CTD supplied tiles to the retail, trade and commercial markets through a collection of related brands including CTD Tiles, CTD Trade and CTD Architectural Tiles, with total annual revenue of c.£75 million.
The CTD retail business operated 86 stores across the UK, each with a separate trade and retail showroom, and had total store revenue of c.£50 million in the year to June 2024. In addition, CTD’s commercial business reported revenues of c.£16 million from the volume housebuilder segment and c.£8 million of revenues from the Architect and Designer (A&D) segment in the same period.
The stores being acquired by Topps Group had total sales of c.£20 million in the year to June 2024, and the acquisition also includes all the CTD brands, selected stock and customer data. As well as adding 30 new well-established stand-alone stores to the Topps Group estate, the acquisition will provide Topps Group with the opportunity to make a meaningful entry into the housebuilder segment and expand its existing share of the A&D segment. The remaining 56 CTD Tiles stores not being acquired will be disposed of through the administration.
The CTD brand is complementary to the Group’s existing businesses and the acquired stores and other assets will continue to trade under the CTD brand name.
Rob Parker, Topps Group CEO, said: “The CTD brand and assets are an excellent fit with our existing business and the acquisition creates a new and complementary specialist tile business within the Topps Group.
“CTD operates a different model to our existing Topps Tiles retail stores, with separate trade and retail offers within each unit and a number of market-specific sub-brands which are differentiated from our existing offer.
“The acquisition of 30 high quality stores and selected supporting infrastructure, together with the intellectual property and customer data required to service CTD’s existing commercial customers in the housebuilding and A&D markets, provide us with an opportunity to make material progress towards our Mission 365 sales goal.
“We are excited about the future of CTD within the Topps Group and look forward to welcoming our new colleagues to the business.”
Ashberry Homes supports sales advisor to help Bourne’s Don’t Lose Hope charity
Make your nominations for Deal of the Year at the East Midlands Bricks Awards 2024
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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.To be held at:
Radcliffe pub gets £390,000 refurbishment
Derby security business expands through buy out
Town Deal projects take shape in Long Eaton
Nearly 1,500 homes to be built on East Midlands brownfield sites
Alstom’s Derby facility to refurbish CrossCountry’s Voyager fleet in £60m upgrade
Additional enhancements will see the trains fitted with new carpets, improved lighting and a new passenger counting system. Sustainability will be at the heart of the refurbishment; the Voyager’s new seats will be at least 95% recyclable and 98% recoverable, while lighter materials used throughout the trains will help reduce fuel and carbon emissions.
Design work will commence immediately, with physical work in Derby set to commence from next year until 2027. Around 100 Alstom staff will work on the contract, supported by many more in the company’s UK supply chain.
“For more than 20 years, CrossCountry’s Voyagers have proudly served towns and cities across Great Britain – travelling millions of miles in the process. We now look forward to giving these iconic Alstom-built trains some well-deserved TLC with a comprehensive overhaul that will include new seats, on-board technology enhancements and an exterior repaint,” said Peter Broadley, Managing Director, Services UK and Ireland at Alstom.
He added: “Not only will the refurbishment delight fare-paying customers with increased levels of comfort and accessibility, the overhaul programme will support UK suppliers and skilled jobs across the country.”
Owned by Beacon Rail, who are funding the upgrade, the Voyagers operate across the CrossCountry network, from Aberdeen, Scotland, to Penzance, England.
“We’re delighted to be moving forward on the refurbishment of our Voyager fleet which will transform the passenger experience for customers on our long-distance routes,” said Adrian Hugill, Fleet and Engineering Director at CrossCountry.
He added: “We look forward to working with colleagues at Alstom and Beacon Trains to give the ever-impressive Voyager fleet a new lease of life on the CrossCountry network.”
Last year, Alstom signed an eight-year extension to its Train Services Agreement (TSA) with CrossCountry. The contract extension, valued at around £825 million, sees Alstom continue to maintain, overhaul, service and clean CrossCountry’s Voyager and Super Voyager fleet until 2031 at their primary depot – Central Rivers in Burton upon Trent.
Meanwhile, in June 2024, Alstom signed a contract worth around £370 million for 10 new nine-car Aventra trains for the Elizabeth line to help meet growing passenger demand.
Like the rest of the fleet, the additional Aventra electric multiple unit (EMU) Class 345 passenger trains will be built at Alstom’s Derby Litchurch Lane Works, the only UK facility that designs, engineers, builds and tests trains for domestic and export markets.