IT firm secures Pride Park office building

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On behalf of private clients, FHP Property Consultants have let 4 Riverside Court, Pride Park, Derby to L.E.A.D. IT Services Ltd. The property comprises a two storey detached office building with parking. The accommodation provides a mix of cellular and open plan offices set across two floors comprising 391m2 (4,187ft2). The property has been let to L.E.A.D. IT Services Ltd on a new lease following a simultaneous lease surrender. Darran Severn from FHP Property Consultants says: “We were initially instructed by the existing tenant to dispose of their unexpired lease. They had several years remaining and were looking to limit their liability onwardly. “Following a comprehensive marketing campaign, we were pleasingly able to place property with L.E.A.D. IT Services who have taken a new lease releasing our client from their ongoing liability. This was an excellent result for our client, L.E.A.D. IT Services and the landlord who benefitted by us securing a new long lease.” Sarah Thompson from L.E.A.D. IT Services says: “At L.E.A.D. IT Services, we’ve long awaited this move, and it’s been an incredibly fulfilling journey for our entire team. Our new building represents a milestone, offering us the ideal space in a fantastic location to support our expanding team and client base. “In addition, the training room we now have creates avenues for us to engage in hands-on training and development for the schools and businesses we support, which has always been important to us. The next step involves working together on refurbishments, making it our very own, and paving the way for the exciting projects and opportunities that lie ahead in our future.”

2024 Business Predictions: Simon Bond, Director, Bond Legal Limited

It’s that time of year, when Business Link Magazine invites the region’s business leaders to offer up their predictions for the year ahead.  It has become something of a tradition, given that we’ve been doing this now for over 30 years. Here we speak to Simon Bond, Director at Bond Legal Limited. There is no doubt that 2024 looks set to be a year of change and uncertainty in relation to HR and employment law. Employers will need to grapple with a substantial quantity of new legislation that is expected to come into force throughout the year. A combination of new rights for employees and additional duties for employees include:
  • changes to the way in which employees can make flexible working requests;
  • additional protections from redundancy for pregnant employees and those on maternity and other family leave;
  • a new right for carers to take one week’s unpaid care leave each year;
  • the statutory right for those on zero-hour contracts to request a more predictable working pattern;
  • a new duty on employers to take reasonable steps to prevent sexual harassment;
  • the introduction of 12 weeks’ paid leave for the parents of babies in neonatal care;
  • changes to the rules around the calculation and payment of holiday pay;
  • provisions allowing direct consultation with employees under the TUPE regulations; and
  • increases to the rates of the national minimum wage.
Further legislative change is likely as a General Election looms. If the Labour party win, they have pledged to introduce an Employment Rights Bill within their first 100 days of office, which is likely to unveil far reaching changes. I predict that the economy will also have a significant impact within the workplace next year. According to the Advisory, Conciliation and Arbitration Service (Acas), 30% of employers may make redundancies in the next year as a result of financial challenges, so it’s a good idea to get your employee handbooks up to date so that both employers and employees know where they stand on all HR matters. It will no doubt be another interesting year ahead. For more information on protecting your organisation with Employment Law and HR Consultancy expertise, visit Bond Legal at https://www.bondlegal.co.uk/.

Sills & Betteridge gain new ground in top 200 law firms table

With a 27 place climb since they first entered The Lawyer publication’s prestigious UK200 rankings in 2019, Sills & Betteridge LLP are now in position 160 – with growth of 15% on the previous year placing the firm in the top 10 best performing firms in the country. The report is seen as the benchmark for anyone with a serious interest in the business of law. It comprises months of detailed, impartial research into the firm’s financial performance, characteristics of its service delivery and analysis of its people – looking forensically at diversity, progression and development. Chief Executive Martyn Hall said: “A combination of factors has led to these results, but they are principally due to organic growth, our acquisition of niche matrimonial practice Acclaimed Family Law of Sheffield, the recruitment of several senior fee earners across the firm and continuous efficiency initiatives across our working practices and operations.” But it’s not just about financial performance, the firm is also recognised in the gender analysis section of the report with another top 10 position for a notable number of female partners (60%) and female lawyers (64%) working across the firm. Karen Bower-Brown now goes into her 3rd year as Senior Partner – the first female Senior Partner in the firm’s 265 year history. Other highlights for Sills & Betteridge in 2023 included the Legal 500 Legal Directory results which saw the firm retain two prized accolades – Leading Law Firm and Top Tier Family Law Team, with a record 10 teams making the list and 30 individual lawyers. The firm also won the Solicitor Firm of the Year at the British Wills & Probate Awards and Children Team of the Year at the national Family Law Awards. Plans for 2024 include the relocation of the firm’s Sleaford, Sheffield and Northampton operations, significant refurbishment of its Boston premises and continued investment in its people and delivery of excellent service.

Provantage Corporate Finance appoints new partner

Mid-market corporate finance boutique, Provantage, with offices in Nottingham and Birmingham, has welcomed Maria Thomas as partner, to bolster its presence in the Midlands. Maria brings a wealth of experience advising shareholders, directors, and private equity over a 16-year career focusing on the mid-market. Maria joins from Grant Thornton. Her experience of cross border transactions, the local market, as well as her knowledge across a broad range of sectors will complement the continuing growth and success of the Provantage Team. Maria said: “I am delighted to be joining such a high performing and successful team and look forward to helping drive the business on its next phase of growth. It’s a great time to be joining the team on the back of their recent deal successes, including the sale of Alpha Instrumatics to Halma Plc and Foresight Group’s exit of Datapath. “Provantage has built an enviable culture with a focus on client delivery and the development of lasting partnerships, something that very much mirrors my approach.” Her arrival signals Provantage’s ongoing commitment to the Midlands market with further investment to grow the team expected over the next 12 months. Jamie Hope added: “I am thrilled Maria has joined us, she will be a great addition to an already hugely talented team here at Provantage. It is an exciting time in our evolution, which is reflected by the fact we have been able to attract an adviser of Maria’s experience and calibre. “Despite the challenging market conditions, we enter 2024 with a strong pipeline and look forward to a very active and successful year supporting our clients.”

Fastest rise in East Midlands business activity since May 2023

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 50.7 in December, up notably from 47.1 in November, to signal a return to growth in output at firms across the region.

The rise in business activity was the quickest since May 2023, albeit slower than the UK average. Anecdotal evidence suggested that increased output was due to signs of improvement in demand conditions and efforts to clear backlogs.

December data signalled only a marginal contraction in new orders at East Midlands firms. The rate of decline softened for the second month running and was the slowest since July. Nonetheless, the decline in new business was linked to subdued demand conditions and economic uncertainty.

The decrease in new orders in the East Midlands contrasted with the wider UK trend which indicated the fastest rise in new business since May.

East Midlands companies recorded a slight pick up in the level of optimism regarding the year-ahead outlook for output in December. Expectations of greater activity stemmed from hopes of an improvement in customer demand, a more focused approach to marketing and investment in facilities. Although stronger than in November, the degree of confidence was below the long-run series average and the UK trend level.

Firms in the East Midlands registered a sixth successive monthly drop in employment during December. That said, the pace of job shedding eased to only a slight rate that was the slowest in the aforementioned sequence of decline. Companies reportedly cut workers in a bid to reduce costs, but some noted that staff growth was due to the hiring of temporary workers.

Companies in the East Midlands saw a slower fall in employment compared to the UK average.

The level of outstanding business at firms in the East Midlands fell further at the end of 2023, thereby extending the current sequence of decline which began in October 2022. Companies continued to state that lower new orders allowed them to work through existing business. The pace of contraction was solid but eased to the slowest since June.

The decrease in work-in-hand was led by manufacturers, as service providers registered a faster rise in incomplete business.

December data signalled a marked rise in input prices across the East Midlands private sector. Business expenses increased at the fastest pace in three months, and at a rate that was sharper than the series average. Hikes in input costs were attributed to greater wage bills, higher utility prices and increased component costs.

The pace of increase in input prices was the second-fastest of the 12 monitored UK regions, with only London recording a steeper uptick.

Selling prices at East Midlands businesses rose at a steep rate at the end of 2023. The increase in output charges was the quickest for six months and sharper than the series average. Firms reportedly sought to pass through costs to customers amid a faster uptick in input prices. The pace of inflation was broadly in line with the UK average.

Rashel Chowdhury, NatWest Midlands and East Regional Board, said: “East Midlands firms ended 2023 on a slightly better note, as output returned to expansion and the decline in new orders softened for a second successive month to only a marginal pace. Firms noted signs of improvement in demand conditions, but continued to highlight that economic uncertainty weighed on customers’ minds.

“Glimmers of hope regarding future demand led to only a fractional drop in employment despite a marked contraction in outstanding work.

“Meanwhile, inflationary pressures gained momentum as input prices and output charges rose at the fastest rates for three and six months, respectively. Greater utility costs and hikes in wage bills placed strain on margins, with paces of increase historically elevated which may constrain customer spending further in the opening months of 2024.”

East Midlands Cyber Resilience Centre reflects on its past year

A fortnight into the new year the East Midlands Cyber Resilience Centre has had a chance to reflect on its inaugural Christmas networking event which brought together the EMCRC’s wider network of partners and stakeholders. The event was hosted by Nelsons solicitors –  Community Ambassadors of the Centre, and whose Partner Kevin Modiri advises the Board. EMCRC Chairman Chief Superintendent Dave Kirby delivered a welcome address to the network where he discussed the important work the Centre is undertaking before handing over to MD Colin Ellis. He said: “To really help protect our businesses, schools and charities to stay secure online we at the EMCRC and policing need to work together with those sectors to understand the needs and the complexities of those organisations. “Our CRC network is made up of a broad church for this reason, who have a wide breadth of experience, capability and reach. We are not just made up of cyber security professionals, we have industry professionals from diverse sectors with diverse skills, all of whom recognise the threat to business that cyber and online crime bring. “Getting our partners all together in a room was really important to talk about the work we are doing to support SMEs and devise how we can better reach and help all organisations across the east midlands. Its also really important to acknowledge that a collaborative approach is needed to achieve this. All our partners and friends understand this and often give up their own time to help – so it was nice to be able to thank them too.”

New Nottingham eco-homes given seal of approval by Minister for Housing and Communities

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Some of the first homes built to a new pioneering energy-efficient standard have been unveiled in Nottinghamshire. The housing development, built to the indicative version of the Future Homes Standard, has been given the seal of approval by the new Housing and Communities Minister. Baroness Penn recently visited The Gedling Green development in Nottingham, located at the site of the former Gedling Colliery. The collection of 33 homes use air source heat pumps for their hot water and heating, have solar panels, electric vehicle charging points and increased insulation compared to homes built to existing standards. The homes are also fully electrified, meaning they will be zero-carbon in use once the electricity grid decarbonises. Minister for Housing and Communities Baroness Penn said: “It was fantastic to visit the Gedling Green development in Nottingham and see first-hand the future of energy efficient homes. “The Future Homes Standard will not only make homes more energy efficient, reducing energy bills compared to a typical home, but crucially will reduce carbon emissions, supporting us in our goal to reach Net Zero by 2050.” Tim Beale, CEO at Keepmoat, said: “We were thrilled to host Baroness Penn at our Gedling Green development in Nottingham where all the homes have been built to meet the requirements of the Future Homes Standard ahead of its introduction in 2025. Gedling Green is the first development in the UK to offer homes built to this specification for sale on the open market. “The Sales Centre at this development includes an area dedicated to educating customers about the key features and technologies. This will support our customers in achieving a significant reduction in energy bills compared to a typical new home built to the previous regulatory standards.” From 2025, the Future Homes Standard, currently being consulted on by the Government, will become mandatory and ensure that new homes produce, on average, upwards of 75% less CO2 emissions than those built to the 2013 standards. This will ensure new homes are more energy efficient, leading to a reduction in energy bills compared to typical existing homes, and help the Government meets its Net Zero target. From 2025, new homes will be future proofed with low carbon heating and very high fabric standards and will be ‘zero-carbon ready’, meaning no further work will be required for them to become zero-carbon when the electricity grid decarbonises.

Liquid vitamin manufacturer marks successful year with Nottingham relocation

An East Midlands liquid vitamin, nutrients and minerals manufacturer is marking a year of success with a new office in Nottingham. 

Nutrivitality Limited has relocated from Derby to an 80,000-square-foot facility on Sherwood Business Park, which is shared by its sister company Surescreen Diagnostics and its beauty and collagen brand SKINGLO.

Comprised of a modern, purpose-built manufacturing unit, the site will have the capability to produce high volume mixing, bottling and vial filling, and sachet packing, producing two to three million products of vitamins, supplements and collagen daily, as well as house staff across both businesses.

John Knox, Managing Director of Nutrivitality, said: “We started to outgrow our previous site in Derby and driven by our needs for increased capacity and the expansion of our ever-growing customer base, we decided to relocate to Nottingham.

“The new site allows us to have everything under one roof, including a fully equipped research and development laboratory, approximately 20,000 square feet of manufacturing space, with aseptic spaces, impressive warehousing facilities, as well as commercial functions such as marketing and sales. There is also ample room for further expansion.”

The site, based at Lucinda House, employs approximately 35 people at Nutrivitality, and a further 40 staff members in Surescreen Diagnostics and group shared services. Nutrivitality is also responsible for the development and manufacturing capabilities of CMX Solutions, the white label and contract manufacturing division of the business.

John added: “This is a hugely important next step in our business growth, and we look forward to continuing servicing our existing brand consumers, as well as our growing number of contract manufacturing partners, health and wellness retailers and export distributors.”

University of Nottingham first in UK to become associated member of sustainable aerospace programme

Led by the Institute for Aerospace Technology, the University of Nottingham has been announced as the first UK university to become an Associated Member of the Clean Aviation Joint Undertaking (CAJU) – the EU’s leading research and innovation programme for making the aviation industry ready for a sustainable future. The announcement comes just one year after the university received initial funding of ten million pounds to fund its research into the future of aviation. As one of just 20 new Associated Members to join across Europe, the university will engage with the Clean Aviation programme on a long-term basis and, together with the European Commission and other CAJU private members, lead the way towards climate-neutral aviation.
Professor Pat Wheeler, Director of Clean Aviation Programmes, said: “This is excellent news for the University of Nottingham, as it will enable us to continue our ambition to turn research and reality and achieve net zero aviation.”
Professor Wheeler continued: “We have generated an amazing amount of impact in the aviation industry, as a result of ongoing involvement in the Clean Sky JTI programmes, and we look forward to continuing our work towards net zero in air travel with the Clean Aviation programme and our new status in this exciting endeavour.” Being an Associated Member provides the university with a seat on the Technical Committee, allowing it to provide expertise and guidance on future funding and roadmaps for the ongoing Clean Aviation programme. Axel Krein, Executive Director at the Clean Aviation Joint Undertaking, said: “I warmly welcome the University of Nottingham as a new Associated Member. The university’s broad aerospace expertise and excellent test facilities position it to translate innovative ideas into practical applications, thereby enhancing our collective efforts to effectively deliver Clean Aviation’s sustainable aviation objectives.”

Scott Bader to invest £30m to transform manufacturing site

Scott Bader UK, a Northamptonshire-based specialist in composite, adhesive and polymer materials, has revealed intentions to invest £30m to transform its flagship UK manufacturing site. The five-year programme will commence in 2024 with £8m earmarked for the first phase of the works. This planned investment will support the group’s UK customers by making the plant more flexible – enabling quicker lead times and the rapid scaling up of an increasing number of sustainable alternatives to the group’s current products as well as new performance products in areas such as 3D printing. “The planned investment reaffirms our commitment to the UK composite supply chain and to all our colleagues, partners and associates that benefit from our long-standing presence at Wollaston,” says Scott Bader’s CEO, Kevin Matthews. “In addition, the investment will upgrade our capability to continue to develop and supply new sustainable performance materials designed to help our customers on their journey to net zero.” Alongside allocating the capital to transform its UK site, the company has also created a €2m laboratory facility in France, which will open in Q1 2024. Outside of Europe, Scott Bader’s two-year build of a $16m new manufacturing facility in Mocksville, USA, also becomes fully operational in 2024.