Future of Buxton Brewery secured following pre-pack deal

The future of Buxton Brewery has been secured following a sale of its business and assets to Happy Place Investors Limited. Rick Harrison and Howard Smith from Interpath Advisory were appointed joint administrators to Buxton Brewery Company Limited and Axe Edge Bars Limited on 20 May 2024. Founded in 2009 and operating from a custom designed and built brewhouse in Buxton, Derbyshire, the Group is a producer and retailer of craft ales, producing upwards of 30 distinct brews, with volumes of around 3,500 litres per brew, seven times per week. Trading under the Buxton Brewery brand, it supplies several supermarkets and pub chains nationally, as well as exporting overseas through a number of export partners. In addition, the Group also operates four taprooms and bars located in Buxton, alongside a pop-up bottle shop and online store. In common with many other craft breweries, Buxton Brewery had experienced financial pressures in the wake of the Covid-19 pandemic, which were then exacerbated in more recent times by high-cost inflation and increases to interest rates. The director sought to explore their options, including options for sale and investment, but with creditor pressure mounting, the director took the decision to seek the appointment of the administrators. Immediately following their appointment, the joint administrators sold certain of the business and assets of the Group to Happy Place Investors Limited. The deal safeguards the future of the brewery and the Group’s taprooms and bars in Buxton and the employment of all 50 members of staff who have transferred to the purchaser as part of the transaction. Rick Harrison, managing director at Interpath Advisory and joint administrator, said: “Independent craft brewers have had to navigate a number of headwinds in recent times, not least the long-term impact of the pandemic, as well as the impact of inflation on raw material costs. “We’re therefore pleased to have concluded this transaction which safeguards the future of this well-regarded craft ale brand and its collection of popular taphouses in Buxton. We wish the purchaser and all of the team at Buxton Brewery all the best for the future.”

Topps Tiles sees slip in results

Topps Tiles, the Leicester-based tile specialist, has a seen a slip in its results. According to unaudited consolidated interim financial results for the 26 weeks ended 30 March 2024, group revenue was £122.8 million, down from £130.3 million in the same period last year, driven by lower footfall in Topps Tiles. Meanwhile, the firm fell to a loss before tax of £1.5 million, dropping from a pre-tax profit of £1.7 million last year. The results come as Topps Tiles sets new financial goals and an updated strategy for growth in the medium term.

Rob Parker, Chief Executive, said: “Trading conditions in the first half have been challenging in a tile market which is down 20% on 2019. Against this backdrop, we are continuing to take market share, our online pure play businesses are growing strongly and the Group remains in a robust financial position.

“Lead indicators of market activity such as mortgage approvals, consumer confidence and smaller ticket DIY spend are improving, and while we are yet to see this feed through into our customer’s spending patterns, as market leader Topps Group remains well-positioned for recovery.

“Notwithstanding the challenges of current market conditions, we believe that Topps Group has a substantial opportunity to increase sales and profitability over the medium term through our new growth strategy of Mission 365.

“Mission 365 includes the development of new digital platforms for Topps Tiles trade customers; an increase in our addressable market of 75% by entering new product areas adjacent to our core tile specialism; a drive for accelerated growth in B2B markets through a more co-ordinated Group-wide approach; and continued momentum in our high growth online pure play businesses, Pro-Tiler and Tile Warehouse.

“Together these initiatives represent an opportunity to grow sales to £365 million over the medium term, while delivering profit before tax margins in the range of 8-10%.”

Shoe Zone delivers “robust performance”

Leicester footwear retailer, Shoe Zone has “delivered a robust performance,” according to interim results for the 26 weeks to 30 March 2024.

Revenue at the business grew to £76.5m, up from £75.4m in the same period of the year prior. This was supported by a 19.6% increase in digital revenue, to £17.1m, while store revenue dipped, down 2.8% to £59.4m.

Adjusted profit before tax meanwhile stood unmoved at £2.5m.

In a statement to the London Stock Exchange, Shoe Zone said: “Shoe Zone delivered a robust performance in the period against a continuing backdrop of consumer uncertainty and macroeconomic volatility. Total revenues increased by 1.5% having traded out of 27 fewer stores compared to 12 months ago, with digital revenue increasing by 19.6%. The performance further demonstrates the resilience of our business and the success of our ongoing strategy.

“Trading over all channels was positive with total revenues of £76.5m (2023 H1: £75.4m), store revenues were £59.4m (2023 H1: £61.1m – trading out of fewer stores), digital revenues were £17.1m (2023 H1: £14.3m) with strong performance across all online channels with additional growth from our online exclusive range and range extensions.

“Adjusted profit before tax was £2.5m (2023 H1: £2.5m), which is in line with management expectations for the period.

“We ended the period trading out of 309 stores, which is a reduction of 27 compared to 12 months ago and 14 lower compared to last year end. In the first half we closed 29 stores, opened 15 new format stores and refitted 15 Original stores to our new format. In total we are now trading out of 147 Original stores and 162 new format stores. We are actively working to relocate and refit further stores in the second half of the year, together with a number of stores currently in the pipeline, opening before Christmas.”

Transreport partners with East Midlands Airport

Transreport, a pioneering tech company specialising in inclusive travel solutions, is thrilled to announce its partnership in the aviation industry with East Midlands Airport (EMA), part of the MAG Group and one of the UK’s leading airports in accessibility. With over four million passengers flying annually from EMA to over 80 leisure and business destinations, the introduction of Transreport’s flagship technology – Passenger Assistance – marks a significant milestone in the company’s journey. Transreport’s partnership with EMA will empower more passengers to fly with confidence through streamlined processes and greater accessibility, facilitating a more inclusive air travel experience for all. Winners of the 2023 Business Disability Forum “Disability Smart Inclusive Customer Service Award”, EMA is dedicated to improving customer experience for disabled and older people. This is reflected in their continuous investment throughout the airport which includes the purchase of new, and the refitting of existing, high-lift vehicles, as well as the installation of a live chat service allowing passengers to request assistance. These efforts have been acknowledged by the Civil Aviation Authority, further affirming the airport’s commitment to creating an inclusive environment. Transreport will collaborate closely with EMA to take these efforts to the next level. Recent global expansion has also extended the reach of Transreport’s accessible technology to Japanese rail, which is renowned for exceptional standards of service. There is a clear growth in demand for accessible travel within UK air travel, with 3.45 million passengers requesting assistance in 2022 according to the CAA Airport Accessibility Report. Transreport have transformed accessible travel in UK rail, partnering with train operating companies to facilitate over 2.4 million journey legs since the launch of Passenger Assistance in 2021. By expanding their reach to Japanese rail and aviation, they have diversified the transportation modes and geographies their technology is integrated with, to shape inclusive travel experiences on an international scale. Jay Shen, CEO of Transreport, comments: “The team at East Midlands Airport are already pioneers in inclusive travel. As well as being recognised for their commitment to accessibility and inclusion, they are award-winning in the accessibility space. At Transreport, our technology has been specifically designed for disabled and older people, and we are excited to work with an airport where they hold themselves to an incredibly high standard, in order to provide excellent service to all customers. “These are just some of the reasons why we are so excited to start our partnership in aviation with EMA. We recognise that disabled and older people can encounter barriers to access whilst travelling, but we also know there are many already working hard to change that – including the team at EMA. At Transreport we’re committed to reshaping those experiences into positive ones, and working with EMA, we know our technology can facilitate greater inclusion in the air travel experience.” Transreport’s innovative Passenger Assistance technology empowers staff to deliver exceptional service and support to customers. By streamlining processes and providing comprehensive passenger profiles, staff can offer personalized assistance tailored to individual needs. The technology enables seamless coordination between office and frontline teams, ensuring a consistent and elevated experience for customers throughout their journey. With real-time visibility into assistance requests, staff can proactively manage operations and allocate resources effectively. Sophisticated reporting capabilities provide valuable insights, enabling continuous improvement and enhancing operational efficiency. Transreport’s solution equips staff with the tools to provide unparalleled service, fostering a seamless and inclusive travel experience for all. EMA’s Customer & Planning Director Mike Grimes said: “We’re really pleased to be working with Transreport to become the first UK airport to offer this more personalised approach to our popular assisted travel service. Our aim is to offer an effortless travel experience to all our customers and we’re really proud that we already achieve high levels of customer satisfaction with our assisted travel service. With this new technology, we can provide a tailor-made service which will give customers all the information and choice they could want on their journey through the airport, so they can relax and start enjoying being on holiday before their plane even leaves.”

Digital marketing agency doubles turnover

A Derby marketing agency launched during lockdown is celebrating after doubling turnover in the last 12 months, surpassing one million pounds for the first time. Alphageek Digital has reached the milestone after less than five years in business during which it has picked up more than 50 clients based across four continents. The firm’s annual turnover passed £1.2m in the last financial year – more than a 50% growth on the previous year, with continued progress this year. The agency, which was founded by friends Art Lindop, Alex Mills and Kieran Flynn, is committed to further sustainable expansion during 2024. Managing Director Art Lindop said: “When we launched Alphageek Digital back in 2020 it was an exciting time for the industry – everyone was moving online and so we were in our absolute element. “The true test was when business returned to normal, but by then we had begun making a name for ourselves and were working with some high-profile clients, so we’ve never looked back. “This fiscal year has been outstanding for us and we’re really proud of everything we have achieved. We’re a very ambitious team operating in a young and dynamic industry and every day we’re proving that you don’t need to be a big London agency to win international clients. “The entire team has worked together to create a set of brand values that we are very much aligned with and I believe we have surrounded ourselves with an excellent crew, so the future is really bright for Alphageek.”

Water source heat pump unlocks University of Nottingham net zero ambitions

A new aquifer-fed open loop heat pump-based energy centre has been designed to offer the University of Nottingham an effective route to decarbonising its campus with an initial focus on the Law and Social Sciences Building and the Hallward Library. Silcock Leedham Group, an RSK company, has worked on the project with WM Saunders, the project’s lead designers. The Law and Social Sciences Building and Hallward Library, which officially opened in 1960 and 1973, respectively, are currently connected to a gas-fired district heating system commissioned in 1954 to heat the campus. The buildings are to be removed from the network as part of the university’s decarbonisation strategy, and an alternative, sustainable heating and cooling system will be introduced. Work on-site is expected to begin in July 2024 and will include building the water source heat pump infrastructure on campus. Once complete, the new infrastructure is estimated to save around 500 tonnes of CO₂ per annum, according to engineers at Silcock Leedham Group. This is the equivalent of 250 return flights from London to New York or enough CO₂ to fill 500 hot air balloons. Silcock Leedham Group Associate Sean Kitchingman said: “Finding a substantive viable alternative to the current heating system that meets the university’s carbon management plan was a challenge. These are big buildings that were built to older building construction standards and regulations when energy preservation and reducing carbon emissions were not a priority – we needed to find a system that offered sufficient low-carbon heat to maintain internal building temperatures required for learning and comfort and to maximise energy efficiency at the same time. A conversation between the Silcock Leedham Group team and Carbon Zero Consulting led to the mixed open loop water source heat pump energy centre and air source heat pump type solution that the university has opted to install. “To make this possible, the systems will use the abundant groundwater and atmospheric air renewable energy sources to supply the heat pump-based systems. The groundwater will be sourced from the Sherwood Sandstone aquifer, which flows directly below the campus. Once installed, these systems will be low carbon, using the heat energy contained within the surrounding air and groundwater to provide heating and cooling to the buildings at scale.”

Blueprint Interiors returns to sponsor Overall Winner at the prestigious East Midlands Bricks Awards 2024

Returning sponsor, Blueprint Interiors has joined the lineup of businesses backing the East Midlands Bricks Awards 2024, supporting the esteemed Overall Winner category, the winner of which will receive a year of marketing/publicity with East Midlands Business Link Magazine worth £20,000. Blueprint Interiors a leading Midlands-based workplace consultancy and commercial interior design firm. Their approach goes beyond aesthetics to craft workspaces that demonstrably improve employee wellbeing and business performance. Located in Ashby-de-la-Zouch, they leverage science-backed design principles and certifications, such as the WELL Building Standard, to create environments that nurture a thriving workforce. Chloe Sproston, Creative Director at Blueprint Interiors, shared: “We’ve been involved in the awards since 2019 either as an award nominee or a sponsor. We continue to be impressed with both the quality of award submissions, but also the event, which attracts the elite of our region’s construction and property professionals. “This year, we’re particularly excited to sponsor the Overall Winner category, further demonstrating our commitment to showcasing the very best talent in the region’s property and construction industry.” The East Midlands Bricks Awards, which will take place on Thursday 3rd October, at the Trent Bridge Cricket Ground, recognise development projects and people in commercial and public building across the region – from office, industrial and residential, through to community projects such as leisure schemes, schools and public spaces. We also highlight the work of architects, agencies and those behind large schemes. Winning one of these awards will add considerably to a company’s or individual’s brand and enhance their commercial reach significantly. Nominations are now OPEN for East Midlands Business Link’s annual Bricks Awards. 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 highlight in the business calendar, winners will be revealed at a glittering awards ceremony on Thursday 3rd October, at the Trent Bridge Cricket Ground – an evening of celebration and networking with property and construction leaders from across the region. Tickets can be booked for the 2024 awards event here. Connect with local decision makers over nibbles and complimentary drinks while applauding the outstanding companies and projects in our region. Attendees will also 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. Thanks to our sponsors:      

             

To be held at:

Stronger demand conditions in the East Midlands spark April business activity upturn

The headline NatWest East Midlands PMI® Business Activity Index – a seasonally adjusted index that measures the month-on-month change in the combined output of the region’s manufacturing and service sectors – posted at 51.2 in April, up fractionally from 51.0 in March, to signal a modest expansion in output at East Midlands firms. The upturn in business activity was reportedly underpinned by more favourable demand conditions and a further rise in new orders. Of the 11 monitored UK regions to record a rise in output, the East Midlands registered the second-slowest upturn. Moreover, the rate of growth was slower than the long-run series average seen for the region. East Midlands private sector firms registered a sharper rise in new business at the start of the second quarter, thereby extending the current sequence of expansion to four months. Anecdotal evidence suggested the increase in new orders was due to stronger client demand. The rate of growth was modest and the second-fastest since June 2023. Business confidence among East Midlands firms remained upbeat in April, as companies continued to foresee a rise in output over the coming 12 months. Optimism was linked by firms to hopes of stronger customer demand and greater investment in new products. The level of positive sentiment sank to the weakest since December 2023, however, as higher input prices and muted customer demand subdued expectations. April data signalled a tenth successive monthly drop in employment at East Midlands firms. The rate of job shedding picked up slightly and was the joint-quickest in five months. Cost-cutting initiatives and redundancies following subdued demand conditions sparked the latest round of staff cuts, according to firms. The fall in employment contrasted with the UK trend which signalled broadly unchanged staffing numbers. Adjusted for seasonal factors, the Outstanding Business Index indicated a further contraction in backlogs of work at East Midlands firms in April. The rate of decline was little-changed from that seen in March and solid overall. Companies noted that muted growth of new orders allowed them to process incoming new work in a timely manner. Private sector firms in the East Midlands signalled a steeper increase in input prices during April, as the pace of inflation ticked up to the fastest in eight months. The marked rise in cost burdens was largely linked to higher wage bills – in part stemming from a hike in the minimum and National Living Wages – and greater imported goods prices following disruption to shipping through the Red Sea. At the sector level, manufacturers and service providers recorded sharper upticks in costs, with the latter seeing a much quicker rise. April data indicated a further, albeit softer, rise in selling prices set by East Midlands firms. Anecdotal evidence commonly attributed higher output charges to the pass-through of greater costs to customers. That said, the pace of inflation slowed to the second-weakest since January 2021 (behind only January). Although slower than the UK average, the rate of increase was slightly quicker than the long-run series trend for the region. Rashel Chowdhury, NatWest Midlands and East Regional Board, said: “April data signalled a more positive start to the second quarter, as output rose further following a quicker uptick in new orders. The rise in new business was the second-fastest since last June amid stronger demand conditions. Firms continued to cut workforce numbers, but the pace of decline was only marginal overall. “Cost burdens increased markedly on the month, as the larger increase in the minimum and National Living Wages pushed input prices up. Although the slowest for three months, the rise in selling prices remained historically elevated as firms were able to pass though greater costs to customers but maintain new sales growth.”

Leicester College gets green light to build new aeronautical skills centre

Leicester College has received planning consent to build a new, state-of-the-art aeronautical and advanced technological education and training facility at its Abbey Park Campus in the city. The new facility will enable the College to deliver Level 4 and 5 technical skills programmes. The build is due for completion by May 2025. Leicester City Council has approved the design of the two-storey building, which will house industry standard aeronautical and space specialist equipment and machinery, including wind tunnels, turbo jet trainers and flight simulators. The new facility will be used to support and inspire the next generation of aviation and space engineering professionals. The new 800 square metre building will house workshop, propulsion, aerodynamic, avionic and instrumentation laboratories and collaborative working spaces. The new aeronautical skills centre is funded by money secured via a successful grant application to the Office for Students. The development will enable Leicester College to support the wide regional network of employers and stakeholders involved in the aeronautical and aerospace industries and build a skilled workforce for the future. It is predicted that England will need more than 10,000 additional aerospace engineers by 2033. Verity Hancock, Principal and CEO of Leicester College, said: “We’re delighted to get the green light on the construction of the new aeronautical skills centre. When completed, the site will house industry-standard aeronautical equipment in a learning environment that will inspire the next generation of aviation and engineering professionals.”

A reunion with Elvis and Britney in the diary as Derby paralegal prepares to return to Kenya

A Derby paralegal is looking forward to catching up with the lives of dozens of schoolchildren when she returns to Kenya with a group of volunteers from Derby.

Sammi Allen, who works at Smith Partnership in Friar Gate, will head to the east African country at the end of the month on an annual trip organised by the Derby County Community Trust.

The Trust has been arranging the trip since 2012 and has taken more than 500 volunteers to Nakuru, a town based north-west of the capital, Nairobi, over the years.

There, they work with six partner schools based in the town’s slums, giving up their time to help build new facilities at the school or go into the classrooms to teach the children.

Last year mum-of-three Sammi, accompanied by her daughter, Lupita, 19, worked at the Jubilee Academy, which teaches 52 three to eight-year-olds, having travelled to Kenya alongside her Smith Partnership colleagues, Amelia Sutcliffe and Katie Bullimore.

This time, Sammi will be flying the flag for Smith Partnership alone, but she is looking forward to returning to Nakuru and meeting up with the children, teachers and other members of the town’s community.

However, she and Lupita are also looking forward to catching up with three people in particular – siblings Shirleen, Britney and Elvis, who are aged five, 15 and 13 respectively.

She met them last year on Madaraka Day, which is a Kenyan national holiday and the day when pupils can invite their siblings to come into school with them.

One year on, Sammi is looking forward to finding out how Britney, who wants to be a nurse, and Elvis, who dreams one day of being an engineer, are getting on.

But she is also keen to find out how the rest of the school and the town are faring after the area was hit by flash flooding in April this year.

She said: “I heard about the flooding on the news and I’m worried about what I’ll discover when I get there. Forty-two people died in Nakuru and I’ve been thinking about who might be affected and how the school has been affected too.

“Although I don’t know the people there that well, the trip last year has given me an emotional connection, especially with the children. It’s impossible not to care after you’ve visited their school and seen how they live.”

Sammi and Lupita will also travel to Kenya with a whole host of donations for the children, including new school uniforms, shoes, new plates and cups, cooking utensils and even a new toothbrush each.

They have paid for everything by holding a series of fundraising events, including a raffle at Smith Partnership and a quiz night at the Orange Tree bar in George Street, while they also have colouring books and even more clothes, donated by Portway Primary School in Allestree.

Sammi said: “The school is based in the slums and it’s a dangerous place for the children to live. For many of them, the only meal they have is the one they have at school and lots of them come to school on a Monday having not eaten over the weekend.

“I’ve got three children and it’s incredible to see the contrast between their lives and the lives of the children in Nakuru. You can’t help to be impressed and moved by the way they are so friendly and so happy, even though they have so little.

“I’m really excited about going back, because now I’ve been there, I feel I can’t let go. Even when I’m not there I worry about the children as if they’re my own.”

The Derby County Community Trust Rams in Kenya trips are held in partnership with African Adventures, which works to improve sanitation at the schools, build new classrooms or facilities as well as support the teachers in the classroom.

When they’re not at the school, their volunteers will be able to take part in activities including a safari, a visit to the Thompson Falls, a trip to the Equator and a visit to the Giraffe Centre in Nairobi.

Lupita, who is studying a Level 3 apprenticeship in accounting, said: “Going on the trip last year gave me a different perspective on life and has made me realise how much we take for granted, so I’m really looking forward to going out again.

“I’m looking forward to finishing what we started last year with the classrooms and hopefully they will be completed when we’re there so that I can see what the children make of them.”