Historic redundant buildings converted into modern offices for Derby charity
£2.5m regeneration scheme transforms Leicestershire town centre
A town centre regeneration project has been completed, revitalising the area for local businesses and residents and enhancing community space.
Shepshed’s Market Place in Leicestershire is now a versatile and pedestrian-friendly environment, following work undertaken by multi-disciplinary consultancy Pick Everard. The improvements, which are set to boost trade and increase footfall in the region, include new car parking spaces, seating, bicycle parking facilities and an array of trees and plantings.
Pavements in Market Place and along nearby Brook Street have also been upgraded and expanded, with soft landscaping elements implemented to increase accessibility and reinforce visual identity in the town centre.
The transformation forms part of a wider set of public realm works by Charnwood Borough Council, which will enable the town centre to host new events and market stalls.
The work, which has been several years in the making, saw Pick Everard deliver project and cost management services via Perfect Circle and the SCAPE Consultancy direct award framework, designed to drive collaboration, efficiency, time and cost savings on construction projects.
Matt Hall, director at Pick Everard, said: “It’s fantastic to see the transformation of Shepshed’s Market Place complete, which will generate increased footfall for local businesses. Improving our high streets and public spaces is vital to ensure they suit the way we live our lives today.
“The scheme has placed accessibility and flexibility at the fore to ensure the space can be used for a variety of purposes, including town centre events that will turn Shepshed into a destination offering.
“The work undertaken was both challenging and rewarding, with collaboration and engagement with project partners and the community ensuring any disruption was kept to a minimum in a live working environment. We look forward to watching the space evolve as a modern town centre that benefits residents and visitors alike.”
The Market Place renovation also coincides with improvements to the local Bull Ring, Hall Croft and Field Street.
The scheme, known as the Shepshed Town Centre Masterplan, is led by Charnwood Borough Council, working alongside Shepshed Town Council and Shepshed Town Team.
Cllr Jewel Miah, leader of Charnwood Borough Council, said: “It is so pleasing to see this project completed and it has made the area a much more attractive place for people.
“We have worked closely with the town council and the town team in consultation with local businesses and residents throughout the process and I hope these improvements will have a positive impact on the town.
“The area is now better for residents and is much more accessible and safer.”

Creative agency makes move to Ednaston Park
Corby business sold to employees
A Corby-based international telematics firm has been majority sold to an employee ownership trust (EOT).
Mobilevalley has used a £1 million funding package from HSBC UK to support the transfer of ownership of the business to its employees, securing up to 18 jobs in the local area.
An EOT is a special form of employee benefit trust introduced by the Government in September 2014 to encourage more shareholders to set up an employee-led business. Following the move, employees at Mobilevalley are now able to have a meaningful say in how the business is run and operated, driving long-term business growth, employee engagement and ensuring its services are protected for its customers.
As part of its growth plans, the move has also enabled Mobilevalley to open its new branded Midlands Telematics Centre in Corby. The state of the art 3,500 sq ft centre will provide all its services under one roof and is designed for commercial partners and those looking for HGV telematics or CCTV products.
The company is expecting a 10 per cent increase in turnover as a result of the deal.
Troy Smith, Managing Director at Mobilevalley, said: “Our business model is only achievable through the hard work and dedication of our employees, and we’re so pleased that HSBC UK has been able to support our vision of ensuring our business stays committed to its people.”
Nicholas Young, Business Banking Area Director at HSBC, added: “HSBC UK is committed to supporting local economies and communities. A transaction like this ensures the longevity of a successful local business, even after the founders retire.
“We’re pleased to have been able to support Mobilevalley with this key milestone in their lifecycle and enable the business to progress its succession plan.”
With over 25 years’ experience in the telematics installation sector, Mobilevalley is a specialist installer of high-end tracking devices and telematics for large vehicle fleets including trucks, buses, vans and trailers. Its customers stretch across the UK and Europe and span public transport, emergency services and logistics.
UK Space Agency chooses Space Park Leicester for regional office
Pork pie maker fined £800,000 after two Nottingham workers lose fingers
Revenue and profit dip at Forterra
Revenue and profit have dipped at Forterra, the manufacturer of clay and concrete building products.
According to full year results for 2023, revenue slid from £455.5m in 2022 to £346.4m.
Meanwhile, profit before tax declined from £70.6m to £31.1m.Neil Ash, Chief Executive Officer, said: “Forterra produced a resilient performance in 2023, in what turned out to be a very challenging year for our industry. Demand for new housing in the UK fell substantially, driven by increasing interest rates adversely impacting affordability and therefore demand for new homes.
“In light of this lower demand management took decisive action on our cost base. Assuming 2024 demand remains consistent with 2023, our management actions will ensure output is broadly matched with sales, thus limiting future inventory build.
“Importantly, however, these temporary reductions will not impact our ability to respond quickly when our markets recover. Indeed, one bright spot during 2023 was the commissioning of the new Desford brick factory, which gradually ramped up production throughout the year, and which will provide a significant capacity uplift in improved markets.
“With the long-term under-supply of housing in the UK continuing to worsen, and with our previous capacity constraints now addressed, the Board remains confident in the Group’s ability to benefit as our key markets recover.”
During the year production was reduced through the mothballing of factories, shift reductions and production breaks. In addition, Forterra restructured commercial and back-office functions.
These actions are set to deliver annualised fixed costs savings in excess of £20m, with around £6m realised in 2023 and the balance being realised in 2024.
Revenue and profit soar at Journeo
Journeo plc, the Ashby-de-la-Zouch-based information systems and transport technical services group, has seen revenue and profit soar.
According to final results for the year ended 31 December 2023, revenue increased 118% to £46.1m, up from £21.1m in 2022.
Profit before tax, meanwhile, increased 312% to £3.7m, up from £0.9m in 2022.
Russ Singleton, CEO of Journeo plc, said: “I am very pleased with the progress we have made towards reaching our goal of becoming a market leader in our field. Our strengthening intellectual property and increased barriers to entry into our markets are helping us establish defendable market positions.
“Each year, we are growing our recurring revenue base as well as our sales order book, providing us with greater forward earnings visibility. Together with healthy cash balances, we are able to invest further in our technologies and business.
“The acquisitions of Infotec and MultiQ have performed well since joining the Group, extending our capabilities and geographic reach. We continue to seek out complementary acquisitions that can provide Journeo with access to adjacent markets or increase the services we deliver into our current markets.
“As we entered 2024, we did so with momentum in our strategy, which is enabling us to deliver valuable products, software, and services for our customers. Our strong order book, growing sales pipeline, and increasing leadership positions give us confidence in our ability to further grow the business.”
Contractor appointed for design and re-development of former Beales building in Mansfield
Mansfield Connect has taken a step forward following the appointment of a contractor for the design and re-development of the former Beales building in Mansfield.