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Castle Donington software provider reaches agreement on £36m acquisition
K3 Business Technology Group has reached agreement with SYSPRO, a Castle Donington-based ERP software provider, for the sale of the Group’s wholly owned subsidiary, NexSys.
NexSys is a leading SYSPRO elite partner in the UK and has over 40 years’ experience of providing and supporting specialised business software solutions to manufacturers and distributors.
Under the terms of the agreement, the total consideration for NexSys is £36 million.
Jaco Maritz, Chief Executive Officer of SYSPRO, said: “SYSPRO, an Advent and Safari company, believes that NexSys is a compelling strategic fit given the company’s position as a trusted provider of digital solutions to manufacturing and distribution companies across the UK and Europe.
“The carve-out acquisition is a key milestone in Safari’s SYSPRO strategy to expand its global footprint, strengthening its presence in the UK and extending its reach across Europe. The acquisition will also enable SYSPRO to expand its highly regarded digital manufacturing suite with new products and capabilities.
“Safari believes there are further initiatives that would help accelerate its existing strategy and which it intends to confirm after a detailed review of the business and operations following Completion. Safari and SYSPRO attaches great importance and value to the skills, experience and commitment of the existing management and employees of NexSys.”
Eric Dodd, Chief Executive Officer of K3 Business Technology Group plc, said: “As the UK and Ireland’s largest reseller of SYSPRO software, our NexSys business is a superb fit for Advent, and we are delighted to have reached this agreement.
“Advent is a leading technology investor and its purchase of NexSys is a natural next step following its recent acquisition of a majority holding in SYSPRO. Advent has the resources and market experience to more fully capitalise on NexSys’s strategic value.
“We view the proposed sale as an excellent outcome for K3 shareholders, NexSys, and Advent and recommend that shareholders vote in favour the proposed sale at the Company’s General Meeting in December.”
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Derbion unveils updated plans to revitalise key sites
Commenting on the masterplan proposals, Beth McDonald, Managing Director at Derbion said: “As Derbion continues to attract leading retail and leisure brands, our position in the heart of the Derby means that we have an important opportunity to evolve and develop our wider footprint to improve the vitality of the city centre and increase connectivity.
“The masterplan proposals are a framework for development over the next 10 years and beyond to revitalise three key sites that will support the wider regeneration of Derby and attract and engage more people to visit and explore the city.”
An exhibition of the masterplan proposals will be open to the public on Level 2 of Derbion, opposite Zara, on Thursday 5th December from 11am to 4pm and Friday 6th December from 11am to 3pm. Internationally experienced employment lawyer joins Michael Cummins Employment Solicitors
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- c.13,000 of these businesses exist across the UK;
- while being only 0.5% of the total number of UK companies each MMC business contributes the equivalent of 200 SMEs to the economy;
- every year they contribute £1.3 trillion of turnover and £420 billion of Gross Value Added (GVA) to the economy, nearly one third of all companies;
- with the correct support, MMCs could contribute an additional £115bn to turnover and £35bn of GVA by 2030. For areas outside of London and the South East, the growth potential could be up to £70bn and £24bn for turnover and GVA respectively, and
- employ 7.3 million Britons – 26% of the total and are essential employers across the UK’s regions.
- Insufficient access to skills – MMCs struggle to fill vacancies at every level (specialist and entry level) and the problem is getting worse;
- Infrastructure and planning restrictions – MMCs are typically more regionally based, limitations in regional infrastructure (e.g., housing, rail/bus links, grid connectivity, broadband) disproportionally affects this segment. Compounded by problems with the planning system;
- Complexity growing faster than their capacity – the level of complexity can exponentially increase as they establish new business lines, enter new markets or breach thresholds for regulation or red tape;
- Lack of self-identity and collective profile – MMCs do not self identify as a distinct segment (unlike the German Mittelstand), and therefore cannot collectively advocate for additional support and policies which would enable growth;
- Lack of data and transparency – this segment loses in terms of policy support and other targeted measures as the lack of data means it is difficult for public and private sector stakeholders to understand the importance of the MMC segment to the economy and define policy and other targeted measures to support growth and productivity.
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Construction of Nottinghamshire Planetarium completes
The landmark scheme involved the transformation of a disused underground Victorian reservoir into a visitor attraction, and education centre for the general public, schools and group visits, breathing new life into the historic building which now features an exhibition hall, meeting room and café, alongside the cutting-edge planetarium.
Works included building a new structure above the reservoir to increase the useable space, maintaining original and historical features such as intricate brick arches, while evolving the existing structure into a unique and functional building.
Designed to inspire interest and careers and learning in science, technology, engineering and mathematics (STEM) with a wraparound experience, the facility will also help to increase annual footfall to the location.
G F Tomlinson concentrated on supporting the local community during construction, and multiple educational and employment opportunities were provided through a dedicated Social Value Working Group (SVWG).
76% of local spend took place within 20 miles of the construction site and 77% of labour was sourced within the same radius. Over 2,000 tonnes of excavated sand from the site were donated to two separate golf clubs close to the observatory at a value of £20,000.
The contractor delivered 2,100 hours of educational value through school talks, visits, mock interviews and career fairs with local schools and colleges, and 10 work experience placements were also provided alongside six apprenticeships which totalled 30 weeks of onsite experience.
T level students spent time weekly on site with the design management team, and the contractor also organised mental health visits with the Lighthouse Charity and two ‘Women in Construction’ events.
Adrian Grocock, Group Managing Director of G F Tomlinson, said: “We are delighted to have completed works to this unique and significant Nottinghamshire landmark scheme – providing a world-class immersive facility for all ages in the heart of the Midlands.
“The Sherwood Observatory will inspire and entertain visitors, and for many years to come they will enjoy the learnings that come with understanding the wonder and science of space.
“We’ve wholeheartedly enjoyed working alongside the Sherwood Observatory team, Ashfield District Council and other stakeholders who helped in bringing this incredible project to life.”
Dr Steve Wallace, Chair of Sherwood Observatory and client project manager, said: “Right from the initial vision, this project has been about collaboration and teamwork. The new Planetarium & Science Centre has exceeded expectations and the excitement that has been generated in the area as it has taken shape has been tangible.
“We are really pleased to open our doors to visitors and show them the wonders of the universe.”
Mark Robinson, Group Chief Executive at SCAPE, said: “The Sherwood Observatory planetarium has been an excellent project to be a part of. Procured via the SCAPE Venture framework, we worked closely with our partner, G F Tomlinson to support greater efficiency, deliver cost savings and help embed social values initiatives.
“Now open, the planetarium provides a one-of-a-kind attraction not only for the local community but for visitors from further afield. We are looking forward to seeing the next generation of scientists and astronomers that the planetarium inspires.”
Cllr Jason Zadrozny, Leader of Ashfield District Council, said: “It really is spectacular, and it is something that will transform the lives of not just the people of Ashfield but also further afield.
“It has been incredible to see the building through the various stages of construction and to see the vision really come to life. I am proud to have been some small part of the process.
“The immersive shows really are incredible and I would encourage everyone to make sure they experience the Planetarium and all that it has to offer. This is something so unique and will see more visitors coming to Ashfield as they are transported through space.
“It truly is an educational experience like no other and hopefully will see more young people develop an interest in learning more about space.”
One of 16 projects being funded by the £62.6million Towns Deal which was secured by the council from the Government in 2021, the project benefitted from Levelling Up funding and grants from the Wolfson Foundation, Garfield Weston Foundation, Foyle Foundation and National Lottery Heritage Fund. Solar panels at the scheme were sponsored by Mansfield Building Society and the Changing Places toilet by East Midlands Rail. Digital agency finds new home in the Lace Market
Eureka! Archimedia finds perfect hire to kickstart growth plans
A Nottingham accountancy practice is expanding after making a key hire. Archimedia Accounts, which is based at Nottingham Science & Technology Park, has hired well-known city finance professional Jill Fox as a Client Manager and Accountant. Chris Demetriou, Co-owner and Finance Director, explained that Jill is the perfect fit for Archimedia. He said: “Jill is completely aligned with our firm’s culture. She cares about clients, which isn’t something easily found these days. All accountants have the skills, but to truly want your clients to succeed is where the magic happens.” Chris said that Jill’s experience will be hugely beneficial to Archimedia’s clients. He added: “I know Jill will go the extra mile for clients because she truly cares about what they want to achieve, saving them money and giving them insights that will help their businesses grow.” Jill is the next step in the expansion plan for Archimedia, said Chris: “Next year we’ll be looking to hire two more employees; an Accountant and and a Senior Bookkeeper. It’s an exciting time for us – and our clients.” Speaking about joining the business, Jill Fox said: “I’ve always admired the way that Archidemia focuses on their clients and the core values it has as a thriving family firm. Until now, I’ve only seen it from the outside but they have a great reputation locally and within the industry for thoughtful, tailored service. I’m excited to become part of the growing team.”


