£450m deal sees West Burton power plant sold

TotalEnergies has signed an agreement with EIG, an institutional investor in the global energy sector, for the acquisition of West Burton Energy for an enterprise value of £450 million. West Burton Energy owns and operates the West Burton B gas-fired power plant in Nottinghamshire. West Burton B comprises three combined-cycle gas turbines (CCGT) with total output of 1.3 GW. Commissioned in 2013, it is one of the UK’s most advanced power plants and supplies some 1.8 million homes. A 49 MW battery storage system was added in 2018. Stéphane Michel, President, Gas, Renewables and Power at TotalEnergies, said: “I am delighted to welcome the West Burton B team to TotalEnergies. This acquisition contributes to our integrated strategy in the UK, which combines renewable and flexible generation capacity. “It complements our 1.1 GW Seagreen offshore wind farm and allows us to accelerate development of our Integrated Power activities in power generation, trading and marketing in this market. “The deal also contributes directly to our 2028 ROACE target of around 12% in this business sector.”

Nottingham food factory works with M&S to fight food insecurity

A food factory in Nottingham owned by manufacturer 2 Sisters Food Group is taking part in the second phase of a ground-breaking partnership with customer M&S and FareShare, the food charity, with a further 1.5m meal servings donated to those in need.

It’s one of three 2 Sisters’ factories across the UK which will be involved in producing vegetable curry, carrot & coriander soup and pizza meals using surplus ingredients which might otherwise go to waste, such as fresh vegetables.

The meals are nutritionally balanced to serve between two and four people and all meals will be freshly prepared with a guarantee of four days life from the day of donation. The meals are made at company factories in South Wales (RF Brookes), Nottingham (Pizza Factory) and Grimsby (Recipe Dish).

According to the latest Food Foundation tracker, 15% of UK households – equivalent to approximately eight million adults and three million children – have experienced food insecurity in 2024, as the cost-of-living crisis continues to hit the pockets of low-income families. It is estimated this figure has doubled in the last three years. Ranjit Singh Boparan, founder and President of 2 Sisters Food Group, said: “We continue to do the right thing by partnering with our customer M&S and creating these nutritious meal servings to help those that need it most. This second phase utilises surplus ingredients and what a better way to bring some good from this by creating quality food that have the M&S seal of approval.  Helping to feed everyone in need with a nutritious meal is central to how we now think at our business and I am delighted to be leading on this with our partners.”

Seven million people have used GenAI for work

Over 18 million people in the UK have now used Generative AI (GenAI), according to new findings from Deloitte’s 2024 Digital Consumer Trends research, based on a survey of 4,150 UK adults aged 16-75. In the UK, three in five (60%) people are now aware of GenAI and over a third (36%) have used a GenAI tool, an increase of 26% (13 million people) from May 2023. However, notable gender and age gaps were apparent in the findings with 43% of men having used GenAI, compared to just 28% of women. The technology is also primarily used by younger groups, with 62% of people aged 16-34 having actively used it, compared to only 14% of 55-75 year olds. GenAI in the workplace One in seven people (14%) have used GenAI for work, equating to around seven million people, increasing from four million a year ago. Of those using GenAI for work, three in four (74%) claim a productivity boost of either ‘a fair amount’ or ‘a great deal’. However, just 27% of those in work claim that their employer encourages the use of GenAI, suggesting that the majority may be doing so without their employer’s official endorsement. Among those who have used GenAI for work, the most popular reasons are generating ideas (44%) and looking up information (41%), followed by creating written content (39%), writing/editing emails (38%), and summarising text (37%). Paul Lee, partner and head of technology, media and telecommunications research at Deloitte, said: “Employees are moving faster than their employers when it comes to adopting GenAI to transform how they work. While workers are signalling that GenAI can boost their output and save them time, many employees may not be supported, encouraged, or explicitly endorsed to use the technology by their organisation. “While the most popular uses tend to be generating ideas and looking up information, these may not be optimal applications of GenAI, given known issues such as hallucination. Employers need to step up and invest in tools and governance to better support their staff in using this technology. Additionally, usage has to thrive among all types of employees, not just certain demographics, if the tools are to be most effective.” Improving AI fluency is vital for businesses The survey also demonstrates that the frequency of use of GenAI is variable. Amongst those using the technology, one in three (36%) do so either daily or weekly, whereas two in five (41%) use it less than monthly. Of these low-frequency users, 23% did not find it helpful, 19% were not satisfied with its answers and 18% claimed they did not know how to use it well. Meanwhile, many of those aware of GenAI are not familiar with its risks, including potential inaccuracies and biases. Among those aware of GenAI, 25% believe it is always factually accurate, and 26% think it is unbiased. Those who have used GenAI are even more likely to be unaware of risks, as 36% of users believe it is always accurate, and 36% think it is unbiased. However, among those aware of GenAI, more than half (59%) would be less inclined to trust an email if they knew it was created with GenAI. Similarly, 56% would be less inclined to use a customer service if they knew they were conversing with a GenAI assistant. Costi Perricos, partner and global Generative AI lead at Deloitte, said: “Whether organisations have supportive or strict policies on the use of Generative AI, it is clear that improving business AI fluency is vital. “GenAI deployment should be accompanied by a thorough learning and development programme, including training on ethics and responsible use, and guidance on how to get the most value from GenAI tools. HR leaders have a key role to play, creating a clear framework in which their workforce can operate.” Lee concluded: “In 2024, companies ought to be asking what they should do with GenAI, rather than focusing purely on everything it could do. The C-suite is increasingly looking for proof of return on investment in technologies before funding large scale deployment across their workforce. However, there are barriers to this, as quantifying employee productivity can be difficult, particularly in knowledge-based roles. “Businesses are also exploring customer facing GenAI tools but should be aware that they may face some initial hesitance as fluency improves. Customers may be more welcoming of GenAI if they can be convinced that it enables a better, faster experience, with higher quality answers. Business leaders must fund and drive this education.”

Vice-chairmanship of ethics committee awarded to East Midlands accountant

East Midlands accountant and ethics adviser Stuart Brown from Duncan & Toplis has been appointed as vice-chair of the Ethics and Advisory Committee of the Institute of Chartered Accountants in England and Wales for the next three years.

Mr Brown, who has been a member of the ICAEW’s Ethics Advisory Committee since 2021 and the organisation’s Members and Commercial Board since 2023, is also a Director and Head of Technical and Compliance at Lincolnshire-based Duncan & Toplis.

He said: “Over recent years the accountancy profession has justifiably been under intense scrutiny because it is essential that accountants are reliable, honest and trustworthy professionals with absolute integrity. I believe that ethics is the foundation of being a Chartered Accountant and we must all play our part in upholding the reputation of our profession.

“It is a great honour to be selected as the vice-chair of this committee, helping to maintain the standards for accountants around the world.”

Damon Brain, CEO of Duncan & Toplis, said: “It says a lot about Duncan & Toplis and our commitment to accounting ethics when a leading member of our team is appointed as the vice-chair of the Ethics Advisory Committee at the ICAEW, one of our profession’s most respected membership bodies.

“We pride ourselves on upholding the highest standards of ethics and professionalism and we’re passionate about doing right by our people, our clients and our communities. I’m sure Stuart will make an excellent vice-chair of this committee and I’d like to congratulate him on his appointment.”

Grade II listed office building sold in Leicester City Centre

Andrew + Ashwell has sold Berkeley House, a Grade II listed office premises located in the heart of Leicester City Centre. The 14,722 square foot property, renowned for its architectural significance and close proximity to Leicester Railway Station, has been acquired by CECOS Capital Ltd, reflecting continued confidence in Leicester’s commercial property market. The property is an example of Leicester’s rich architectural heritage. Designed by Percy Herbert Grundy, a Leicester architect, who originally configured the property for Goddard’s Silver Plate Powder and Polish firm, the property is an impressive example of art deco design which boasts a number of ornate features, including large span curtain walling, crittall lights and expansive internal ceiling lights. Despite its historical significance and original construction as a factory, the building has offered a mixture of open-plan and cellular office accommodation for some years and will continue in this vein with its new owner. CECOS Capital Ltd, the new owner, is excited to integrate this iconic building into their portfolio. Jawad Tanveer, Director, said: “We are delighted to acquire such a distinguished property in Leicester City Centre. “This building not only represents a significant investment opportunity for our business but also aligns with our vision of preserving historical landmarks while promoting modern business environments. We look forward to continuing its legacy and ensuring it remains a cornerstone of Leicester’s architectural and commercial landscape.” Joe Dodd, Associate Director of Andrew + Ashwell, said: “This transaction highlights the strength and resilience of Leicester’s commercial property market and despite media uncertainty, the continued need for office space in a central location. “Whilst there is a lack of Grade A accommodation within Leicester, the sale of Berkeley House represents demand for larger office footprints and a desire to be positioned within the City. We are pleased to have facilitated this sale for an existing client and contributed to the ongoing vibrancy of Leicester’s city centre.”

Historic Derbyshire mill complex set for transformation into apartments and houses

Matthew Montague Architects have submitted a planning application to Derbyshire Dales District Council for the conversion of a 300-year-old derelict mill complex located near Matlock in Derbyshire. The proposal aims to breathe new life into the derelict Lumsdale Mill by converting it into 11 apartments and 14 houses, offering a blend of modern residential living combined with the rich heritage and beauty of the site. The planning application proposes converting the former mill into apartments, with additional houses to be constructed within the surrounding grounds. If planning permission is granted the development will include a mix of two, three and four-bedroom apartments plus a number of bespoke affordable homes; making much needed accommodation in the area available to a range of residents. With a total of 59 parking spaces planned for the site, the project aims to strike a balance between historical preservation and modern functionality. Architect at Matthew Montague Architects, Paul Myers said: “The redevelopment of the site will provide much needed quality accommodation whilst preserving and securing the buildings for many years to come. The new dwellings combine heritage, innovation and sustainability; it will be a great place to live.” The mill complex was originally built as the Farnsworth Bleach Works in the 17th century, it has been used for various business over the years; most recently a printing business. The remaining outbuildings would become commercial and business premises, adding a dynamic dimension to the revitalisation of the area. Matthew Montague said: “Because the buildings are in a varying state of disrepair and lack modern facilities, they are basically not viable for ongoing commercial use. “With considered design the new development will fund the restoration of important historic structures and ensure the long-term preservation of the site, whilst providing great new facilities for business to work from.” He concluded: “It’s a fantastic site, that is significant to the county’s history. We are delighted to be involved with its evolution and to help develop and preserve it for the next hundred years.” A decision on the comprehensive scheme is expected from the district council in the coming months.

Kindeva Drug Delivery expands in Loughborough

Global drug-device combination product CDMO, Kindeva Drug Delivery has expanded its Loughborough facilities at the Charnwood Campus Science Innovation and Technology Park. This strategic move by Kindeva supports the growth of green propellant commercialization and secures a dedicated space for the company’s commercial analytical laboratory services team who will be housed at this location after renovations are completed later this year. The move doubles Kindeva’s UK laboratory footprint, expands operations, and will relocate approximately 50 quality control employees from Kindeva’s Loughborough manufacturing site. The company just announced its investment in a second manufacturing line for the production of pressurized metered-dose inhaler (pMDI) products containing low GWP (Global Warming Potential) propellants at this facility. This additional space also offers potential for further expansion to support future innovation and sustainability opportunities, including development and other supporting capabilities in one location. “As Kindeva continues to grow worldwide, this expansion is one more step in furthering the commercialization of our customers’ low GWP pMDI products,” says Carl Brookes, Vice President, Manufacturing and Operations – Loughborough at Kindeva. “This is an exciting time for green propellants, and Kindeva is committed to remaining at the forefront of these product transitions supporting a greener planet. As Kindeva continues to develop more sustainable technologies and processes, we are constantly evaluating the potential across all our drug-device platforms and our sites. “Our expansion on Charnwood Campus will help Kindeva continue to advance with leading facilities for our employees who are tasked with ensuring some of the highest standards of quality and safety for the products we make, and ultimately improving the health of patients we serve.”

Construction starts on 500,000 sq ft warehouse at Infinity Park Derby

With up to 1,000 new jobs to be created, Logicor, the owner, manager and developer of European logistics real estate, has begun construction of a new logistics building, Derby 507, at Infinity Park Derby. The site will offer over 500,000 sq ft of premium warehouse space, with a significant number of jobs generated both during the construction phase and when the building is complete. A new link road will also be constructed connecting Infinity Park Derby to a new dedicated junction on the A50. Works are due to start in 2025. Logicor will work with Infinity Park Derby LLP to deliver Derby 507 to the highest sustainability targets, aiming for BREEAM ‘Excellent’ and an EPC rating of ‘A’ status. The construction will also deliver 17% biodiversity net gain, offer secure cycle storage and EV storage for both cars and HGVs. Derby 507 is located on Infinity Park Derby, a 100-acre development with Enterprise Zone Status (EZS).
“We know there is local and national need for high quality, sustainably built logistics real estate in order to meet consumer demand – driven largely by ecommerce,” said Charlie Howard, Managing Director, UK at Logicor. “Derby 507 will play its part in meeting that need. It has the potential to support over 1,000 jobs in Derby as well as real time improvements to the surrounding road network with the new link road bypassing the main city area. “Located within the Derby Enterprise Zone and so close to the road networks, it is an attractive prospect for those businesses looking from which to base their operations and we are looking forward to introducing this scheme to new and existing customers in 2025.”
“We are delighted to be working in partnership with Logicor, to deliver Derby 507. The main build contract has now been awarded to Bowmer & Kirkland, who successfully oversaw the adjacent Oregon Timber Frame development for us,” said Nick Richardson, Infinity Park Derby LLP. “Our focus is ensuring that the scheme is delivered on time, in budget and a high-quality product is ultimately produced. “As well as constructing Derby 507, the project will also see the acceleration of a large proportion of the new link road being delivered through our Infinity Park Derby development. “The remainder of the works, including a new junction onto the A50, should commence next year and improve the existing access arrangements for Infinity Park as a whole, as well as opening up the wider South Derby Growth Zone area, benefitting from a further 3.5m sq ft of employment space coming forward.”

Wavensmere Homes makes strategic appointment with new role

Regeneration specialist Wavensmere Homes has appointed Olivia Smith into the newly created role of Private Client Relationship Manager. Olivia will be responsible for nurturing the housebuilder’s customer sales relationships, with £1bn of new homes due to be launched, or in planning. Olivia Smith joins Wavensmere Homes from Derby-based Ashley Adams Estate Agents, where she was based for close to four years, having been promoted into the role of Sales Account Manager. Previously, Miss Smith was a New Homes Sales Negotiator for Spicer Haart. She transitioned into a new homes sales role with the national estate agency brand in 2019, having commenced her career as a Senior Lettings Negotiator for Connells Estate Agents, based in Lichfield. James Dickens, Managing Director for Wavensmere Homes, said: “Olivia has sold our homes at consecutive developments across the Midlands during the past five years. While working for us indirectly, she has been a great company ambassador and understands our ethos and vision. “During Olivia’s career to date, she has sold over 300 new houses and apartments. While doing so, she has grown her own investor platform, establishing and maintaining relationships with purchasers that loyally follow her from site to site. “We have structured this newly created role around Olivia’s skillset, as she has a strong appreciation of the importance of client relationships. Her commitment to meeting individual requirements and investment goals underpins Wavensmere’s customer journey, but by selling via a third-party agent, there is a risk this can be diluted. “Olivia’s timely appointment will enable us to take a more strategic approach to the sales launches for our upcoming developments.” Olivia Smith, Private Client Relationship Manager for Wavensmere Homes, said: “I am delighted to be joining such a dynamic housebuilding business that is leading the way nationally for the delivery of new homes on brownfield land. “The consequential ripple effect Wavensmere’s transformational projects have on the wider area are enabling investors to reap much higher returns than other comparative residential investments. “Despite the challenges the industry has faced, it has been a joy to see how the Wavensmere brand has accrued a loyal following over recent years. This is testament to the build quality, value for money, customer care, and the dedication and significant investment to placemaking and provision of on-site community amenities. “I am excited to take the leap to an in-house role and take on the responsibility for working with Wavensmere’s existing database of 500 committed investors.”

Clegg Group partners with Nottinghamshire Wildlife Trust

Nottingham-based construction specialists, Clegg Group, has partnered with Nottinghamshire Wildlife Trust as part of its commitment to the environment and sustainability, making nature part of its business with mutual benefits to both parties. Clegg Group has become a Business Partner of the charity, which is the leading wildlife conservation charity working to protect and enhance the wildlife and habitats of Nottinghamshire. Nottinghamshire Wildlife Trust, based at the Old Ragged School in Brook Street, Nottingham, has charitable aims to protect Nottinghamshire’s wildlife, restore biodiversity, and inspire people about the natural world. One of their goals is for at least 30% of land to be connected and protected for nature’s recovery by 2030. The charity states that 30% is the bare minimum that nature needs to start recovering and that we are far short of this currently. The sponsorship for the partnership has come from Clegg Group’s Charity Fund – used to support local worthy causes and aligns with the Group’s aim of promoting environmental sustainability, protecting wildlife, and promoting health and well-being. Mark Hyde, business development manager at Clegg Construction, which is part of Clegg Group, and is also a trustee of Nottinghamshire Wildlife Trust, said: “One of the Trust’s aims is to inspire at least one in four people in Nottinghamshire to take action for wildlife, at home, at work, at school or in their neighbourhood. “We are delighted that Clegg Group has become a Business Partner of the Trust, helping to raise awareness of the Trust and its aims, and to offer support for the charity. “Clegg Group is a Nottingham-based company, working in the county as well as further afield, and many of our team also live here. As such, we’re keen to do our bit to help protect nature and our local environment, as well as support important good causes like Nottinghamshire Wildlife Trust. “Being a trustee of Nottinghamshire Wildlife Trust is a privilege and something I enjoy, and I am very pleased that Clegg Group is also now getting involved formally to support this very worthwhile charity.” As part of the partnership with Nottinghamshire Wildlife Trust, there will be opportunities for Clegg Group staff to get involved in various initiatives around environmental sustainability, protecting wildlife and health and well-being promotion. Emily Patrick, Business Partnerships Lead at Nottinghamshire Wildlife Trust, said: “We are thrilled to have the support of local businesses like Clegg Group who want to see change in Nottinghamshire. Without the support of our business partners, volunteers and members we wouldn’t be able to make the impact we do for wildlife.”

Growth at Vines Legal sees move to Chesterfield’s Northern Gateway Enterprise Centre

A niche law firm is moving to Chesterfield’s Northern Gateway Enterprise Centre, following  growth in the town. Vines Legal specialises exclusively in family law, and has been operating since 2009, originally moving into its first Chesterfield premises in 2012. Since then the team has grown organically, resulting in a move to one of the town’s flagship office developments. Catherine Wenborn, Managing Director at Vines Legal, said: “We have found moving our premises to Chesterfield a very positive experience. “The Northern Gateway Enterprise Centre ticks all the boxes for this business. We wanted modern, professional office space in the centre of Chesterfield. The Enterprise Centre allows opportunities for the team to expand in the future and provides great opportunities to network with other local businesses who are tenants here. “Chesterfield is a great place to live and work. It has great transport links to all parts of the country and the business and economic growth within the town is very positive.” Ryan Wilkes, Destination Chesterfield Board Member, said: “We’re delighted to see Vines Legal growing and investing in Chesterfield, culminating in their move to the Northern Gateway Enterprise Centre. “The success of the centre has been there for all to see, with dozens of thriving organisations now operating from it. “Our town is an excellent place to support the growth of businesses thanks to its strategic location and supportive business community. With excellent transport links and a skilled workforce, Chesterfield offers a perfect blend of opportunity and growth potential.”

Scunthorpe United splits ownership

Scunthorpe United has announced a split of ownership between four of the club’s Directors. Chairperson Michelle Harness has allocated shares to Roj Rahman, George Aitkenhead and Ian Sharp, with the quartet now assuming equal joint ownership of Scunthorpe United Football Club with immediate effect. Speaking about the decision to divide the club, Michelle said: “Nine months ago, I took 92% of the shares of the football club from the previous owner and had Roj, George and Ian at my side from day one. “Since September, we have all worked extremely hard to battle the debt we inherited and work towards a more sustainable model. We’re not there yet, but we have made significant strides, and are on course to achieve this in the coming months. “While we are at the stage where we can run from day-to-day on this sustainable model, I simply cannot grow the football club on my own, and I must also look to safeguard the business should anything happen to me, and should the football club need some additional support. “Roj, George and Ian have shown a massive amount of commitment to this football club, and have made a big impact in helping us get to where we are today. Having them in joint ownership with myself will only help us progress further as we look to grow our reputation back to the well-run business that we can remember from years gone by. “I’d also like to thank all the staff at the football club for their tremendous work ethic, determination and drive to bring us through the last nine months, and to the other members of my Board of Directors, who have all done some incredible work in assisting us to get to this stage. “I have no doubt you will show your unwavering support to Roj, George and Ian, like you have shown to me so far.” Vice Chairman Roj Rahman added: “What Michelle has achieved in the last nine months is nothing short of sensational. She will always be our Iron Lady, and everyone associated with Scunthorpe United will forever have the upmost admiration for what she has done to ensure there is, and will always be, a football club within our community. “We’re all just custodians of this football club at the end of the day, and nothing will change as a result of this joint ownership. Scunthorpe United is a club that will always be for the supporters, for the community, and that will not change, regardless of who has the majority of the shares. “Having had to go through an awful lot in nine months, Michelle wished to further safeguard the future of Scunthorpe United by welcoming George, Ian and I as joint owners. It’s something we’re all delighted to accepted. The hard work doesn’t stop, it only continues to grow, as we work to provide a football club for us all to be proud of.” Following the splitting of the club’s ownership, Michelle Harness will continue as the club’s Chairperson, while Roj Rahman will continue as Vice Chair.

Fire sprinkler firm snapped up

Compliance Group, the integrated provider of safety and regulatory compliance services across electrical, fire, and water, has revealed its latest merger with Kettering-based CT Fire Protection. CT Fire Protection joins Compliance Group’s Fire Division to deliver high-quality fire sprinkler systems and associated services. Founded in 1995 by Curtis and Toni Waters, CT Fire Protection specialises in fire sprinkler systems and fire pumps, as well as dry and wet risers, fire hydrants, and fire hose reels. Julian Williams, CEO of Compliance Group’s Fire Division, said: “We are extremely pleased to welcome CT Fire Protection into our Fire Division. CT exemplifies exceptional customer service backed by technical excellence. Adding sprinkler services will greatly enhance our offering to our customers.” Curtis and Toni Waters added: “We are thrilled to join Compliance Group. Our customers, some of whom have been with us for over 25 years, will benefit from the investment in our business infrastructure and access to a wider array of compliance services.”

Viridis supports Sustainable Development category for a further year at the East Midlands Bricks Awards 2024

Viridis Building Services Ltd has returned to sponsor the Sustainable Development of the Year category for a further year at the East Midlands Bricks Awards 2024. Growing your business by building greener, Viridis are experts in providing sustainable passive environmental building services solutions incorporating renewable, low carbon, low energy, H.V.A.C, M.E.P, systems for the built environment whilst meeting client’s aspirations, helping you create sustainable, appealing and cost-effective buildings on the journey to Net Zero. Speaking with Business Link, a spokesperson for Viridis Building Services Ltd said: “Viridis are proud to sponsor the Sustainable Development of the Year award for another year. We have promoted this award for the past few years due to our own values as a team and how these fits in with those. “It allows us the opportunity to review innovative ideas, solutions, and developments in and around the East Midlands. We are passionate about sustainability and are proud to see that others have the same ethos as ourselves with their entries. “We believe being involved in this award allows us to further promote these pragmatic design solutions to create new relationships to present to others what can be done – to hopefully create an even more innovative sustainable future through places and spaces. “We are excited to see this year’s entries, as we are every year, and look forward to presenting the winner of this award. We feel that the Bricks is an opportunity to bring everyone in the area together to celebrate our achievements and promote our works to create a bigger and better East Midlands.” 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. 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:

Practical completion for first phase of student accommodation at The Island Quarter, Nottingham

The Conygar Investment Company PLC, the property investment and development group, has revealed that practical completion of its first phase of student accommodation at The Island Quarter in Nottingham has been achieved.

As a result of achieving practical completion, the property, which comprises 693 beds, in addition to extensive amenity space, is now under the control of appointed manager Fresh Property Group and available for occupation.

This will enable their full access to the premises and further enhance ongoing student lettings in good time for the September 2024 student intake.

Robert Ware, Chief Executive of Conygar, said: “We are delighted have to have reached this milestone in the development of The Island Quarter and would like to thank all of the parties involved who have ensured the provision of a very high quality, amenity filled property, which was delivered on time and on budget, and which we believe is a very exciting addition to the student accommodation offering in Nottingham.”

Flexible packaging manufacturer ceases trading after sale unsuccessful

Nottinghamshire-based Surepak Limited is ceasing to trade despite appointed administrators at PKF Smith Cooper being hopeful of a sale following the interest of 96 parties. Surepak Limited’s financial concerns became apparent during the global energy crisis when its electricity costs increased by more than 425%. This increase, coupled with the loss of two significant contracts, decreased the company’s turnover by c.£1m, due to customers’ packaging requirements changing and the relocation of a customer abroad. The Nottinghamshire-based organisation sought a buyer after sole director Stuart Yorston filed for administration on 9th February 2024. This was to safeguard the company’s business, assets, and employees from a winding-up petition served by a creditor, which was due to be heard on 14th February. PKF Smith Cooper’s Business Recovery and Restructuring Partners Dean Nelson and Nick Lee were appointed joint administrators on 12th February. Despite the challenges, Surepak Limited has continued to trade for the short term whilst in administration and the administrators diligently pursued potential buyers, receiving substantial interest from 96 parties. Despite the optimum effort following a merger and acquisition process, and various offers being received, the sale progression has subsequently been unsuccessful, resulting in Surepak Limited ceasing to trade on 10th May 2024. Incorporated in 1991, the company has been trading for over 32 years, starting out as a distributor, before moving into manufacturing in 2005. Polypouch UK Limited has purchased the order book. The administrators said they are disappointed with the ultimate outcome in not securing a sale of the business and assets as a going concern, however they would like to wholeheartedly thank the employees for their hard work and dedication, as well as customers for their continued support throughout this difficult process.

Go ahead given to new food waste recycling site

A food waste recycling operator in Lincolnshire, BioteCH4, has been granted planning permission to build a second anaerobic digestion (AD) plant in the region, increasing the capacity to turn unavoidable food waste into green energy and biofertiliser. The application for a new plant at the Hemswell Cliff Site near Gainsborough was approved by Lincolnshire County Council’s Planning and Regulation Committee on Monday 3 June. The new 6MW AD plant will include a waste reception building, three digesters, a gas bag and a new access road. It will produce a quantity of green energy that is equivalent to powering over 19,000 homes when fully operational. AD is the most sustainable process of recycling food waste, into methane-rich biogas and biofertiliser. Last year, BioteCH4 recycled over 600,000 tonnes of food waste across its six sites, transforming it into 300MWh of energy. Lee Dobinson, Chief Commercial Officer at BioteCH4, said: “We’re pleased to receive planning permission for a new anaerobic digestion plant at our Hemswell Biogas site. The new facility will increase the group’s processing capacity by 200,000 tonnes annually. This will allow us to meet growing demands for food waste recycling, increase green energy outputs, and further strengthen our voice as market leaders.”

Freeths continues to expand with corporate director appointment in the East Midlands

Law firm Freeths has appointed corporate director Hannah Tessyman to further grow and expand the practice across the East Midlands. She joins from Knights. Experienced in the sector, Hannah has over ten years’ experience with a particular focus on M&A and complex corporate reorganisations. Her clientele ranges from local and regional businesses to large national corporates. Hannah’s appointment comes just weeks after corporate partner Martin Smith joined the firm to bolster the practice in the region. Hannah’s arrival is one of several significant senior hires for the corporate team over recent months, with more to follow in the coming months. In her new role at Freeths, Hannah will work alongside Martin and the national team to drive forward the firm’s corporate presence in the East Midlands. Commenting on the appointment, Martin Smith, said: “We’re delighted to have Hannah on board as we continue to grow. I’ve worked with Hannah for many years and her ability to deliver a quality service for clients is second to none. It’s an exciting time for the Freeths East Midlands corporate team.” Hannah Tessyman added: “It’s a really exciting time to be joining Freeths as the firm continues on an upward growth trajectory. “I was very attracted by how clearly the corporate practice is thriving despite recent and current economic challenges, together with the long-established strength of the firm’s reputation for delivering a quality service to its clients. I am delighted to continue doing that whilst growing our corporate offering in the East Midlands.”

Stephen Eve Financial Planning celebrates its second birthday

Midlands-based wealth management company Stephen Eve Financial Planning has reached its second birthday since it was launched by Ben and Danielle Slater in June 2022. Starting with zero clients on day one, the founders have now supported over 100 clients since inception, with 85 of those becoming ongoing clients who have regular financial reviews. Based in Regent Street in Nottingham city centre, Stephen Eve Financial Planning helps its clients achieve their financial aspirations by providing a range of services including retirement planning, investment advice and cash-flow analysis. Feedback from clients over the last two years has been encouraging with some of the highlights being: “…giving advice without jargon and making the complex simpler!” – Catherine Grainger “…explaining our options in a thorough, clear, and totally understandable way. We now have confidence in our finance options for the future, thank you” – Bev Orridge “We look forward to many more years of working with the team at Stephen Eve.” – Martin Schofield “We feel content and assured that they have our best interests at heart.” – Mary Dugan Directors Ben and Danielle comment that clients are at the heart of the business but some memorable milestones have also been:
  • Moving into the Regent Street office after a year of working from home
  • Employing Rav, the business Paraplanner
  • Partnering with Switch Up charity to support Nottingham’s young people
  • Working with more young people, welcoming them to the office for work experience and supporting graduates at Nottingham Trent on skills bootcamps
  • Launching the Check-In service to give clients confidence to manage their own money, if they wish to take a more hands-on approach
  • Reaching £35m of assets under management
  • Winning the Wealth & Finance International award for Best Independent Retirement Planning Firm 2024
  • Becoming a finalist for Generation Next Start Up of the Year Award and national UK StartUp Awards
  • Winning the regional UK StartUp Awards Professional Services Start Up of the Year
  • Ben being shortlisted for the 2024 Professional Adviser Awards Young Achiever of the Year
  • Being featured in publications like The Guardian and Popsugar
  • Ben appearing on the Financial Planner Life podcast, with Sam Oakes
Danielle added: “We are no strangers to the fact that many advice firms have bigger teams, larger offices, more assets under management. However, we are proud to deliver a personalised, bespoke service to our clients and be that friendly, familiar face they can come to time and time again. People have commented that it is refreshing to talk to the same person, who knows them well and is singing from the same hymn sheet.” Ben also added: “It has been a whirlwind two years but the past 24 months would not have been possible without the encouragement of our clients, professional network, friends and family. The trust in us to manage finances, the referrals, and not to mention the hugs and ‘keep goings’ – they make all the difference!”

Just over a week to go until businesses battle at the 2024 Lincoln Dragon Boat Race!

The spectacular event, taking place on Saturday 15th June, has become one of the biggest in the City’s event calendar, attracting hundreds of spectators and competitors on the day along the Brayford Waterfront. This year the event is raising money for Lincolnshire’s first responders LIVES and nearly 20 teams have signed up to take part on the day. Teams include the two headliners Freedom Fire & Security and Siemens Energy as well as other local organisations from across Lincolnshire. The event promises to be colourful and great fun, no previous experience is required, just plenty of team spirit! As well as the boat racing there will also be plenty of family activities, food and drink stalls along the Brayford Waterfront for the whole family to enjoy, and there will also be a special performance from Rock Choir Lincolnshire from about 12.30pm on the day. Teams are encouraged to raise money for LIVES through sponsorship and fundraising. LIVES is a vital Lincolnshire charity who attend 999 medical emergencies across the county, 365 days a year. Whether they are providing rapid first response support on their doorstep, or highly specialised medical interventions to the most seriously ill patients, they all volunteer their time – for free – to save lives and be there when someone is having their worst day. The charity provide the equipment and training for the ever increasing need. Charlie McCelland from LIVES said: “We are immensely excited to be announcing the Dragon Boat Race for 2024 after the success of previous year’s event. We need to raise over £1.4 million every year to ensure our highly skilled volunteers are there when a 999 call is made, when minutes matter. The Dragon Boat Race is a great day out and will entice some healthy competition between local businesses in order to raise these vital funds to keep our Emergency Responders on the road and continue saving lives in Lincolnshire.” For further information and details for the day contact Alex Bennett alex.bennett@ringroselaw.co.uk or visit https://www.ringroselaw.co.uk/about/lincoln-dragon-boat-race/