Watches of Switzerland hails “strong” finish to financial year

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Watches of Switzerland hails “strong” finish to financial year

Leicester-based Watches of Switzerland Group has finished its financial year “strongly,” with sales in the final quarter in line with guidance and ahead of consensus.

According to a trading update for the 13 weeks (Q4 FY24) to 28 April 2024, group revenue reached £380 million, a 4% increase on Q4 FY23.

It puts group revenue for the year at over £1.5 billion.

Brian Duffy, Chief Executive Officer, said: “We finished the year strongly, with Q4 sales in line with guidance and ahead of consensus. Particularly pleasing was the performance in the US, with sales up 14% in the period.

“We are confident that our strategy, exceptional client service and strong brand relationships enables us to continue to drive growth and gain market share. We have seen growth in our Registration of Interest lists for sought after products, and exceptionally strong performance of pre-owned, particularly Rolex Certified Pre-Owned.

“Our acquisition of Roberto Coin Inc. (the exclusive North American distributor of Roberto Coin) dramatically accelerates our luxury branded jewellery strategy, and we see enormous potential in bringing together this iconic brand with our retailing expertise. 

“We enter FY25 with cautious optimism. We have a terrific programme of showroom developments on both sides of the Atlantic with the Rolex flagship boutique on Old Bond Street, London; a 3,000 sq ft Rolex boutique replacing the Mayors multi-brand in Atlanta, Georgia; and our first Rolex showroom in Texas in Plano.

“We are also looking forward to the Audemars Piguet Town House and the Mappin & Webb luxury jewellery showroom both in Manchester, and the expanded Patek Philippe space in Greenwich, Connecticut. 

“The inherent strength of the categories we operate in, coupled with our superior business model and retail expertise continues to set us apart. We remain focused on executing our Long Range Plan and are committed to the targets to more than double sales and Adjusted EBIT by the end of FY28.”

Shareholders back £2.5bn Barratt and Redrow merger

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Shareholders back £2.5bn Barratt and Redrow merger
The shareholders of house builders Barratt and Redrow have approved the businesses’ proposed merger. In the more than £2.5bn deal, Redrow shareholders will hold approximately 32.8 per cent of the combined group and Barratt shareholders will hold approximately 67.2 per cent of the combined group. The merger is subject to clearance by the Competition and Markets Authority, which has launched a preliminary investigation into whether the deal would result in a substantial lessening of competition. Leicestershire-based Barratt and Flintshire-based Redrow generated aggregate revenue of £7.4bn in FY 2023, delivering total completions of 22,642. The combined group would be renamed Barratt Redrow plc.

YMD Boon strengthens leadership team with internal associate director appointments

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YMD Boon strengthens leadership team with internal associate director appointments
YMD Boon have announced the internal appointment of two associate directors. These promotions reflect the company’s expansion efforts, including the establishment of a new office in Birmingham. Jonathan King has been promoted to the role of Associate Director – Building Surveying. In his new role, Jonathan will spearhead the development of the Birmingham office while continuing to oversee the Building Surveying team in Nottingham. He will also coordinate operational procedures and drive business growth across various sectors and locations. Jonathan King joined YMD Boon as a Senior Building Surveyor and quickly progressed to undertaking a role as an Associate. His proactive leadership has significantly expanded the building surveying division’s portfolio. Simone Fearn has been promoted to the role of Associate Director – Finance and Operations. Simone will take on a more hands-on role in managing project finances to ensure efficiency and oversee internal company operations, including quality assurance, marketing, and tendering processes. Simone’s journey with YMD Boon began 5 years ago when joining the company as HR, Office & Finance Manager and has excelled in the role ever since. These appointments enhance the senior management team and recognize Jonathan and Simone’s contributions to the company’s success and commitment to exceeding customer expectations. Jonathan Warren, Director at YMD Boon, said: “YMD Boon prides itself on being a progressive company with a commitment to future talent and both Jonathan and Simone epitomise all the values we look for and we are delighted to acknowledge this with their promotions to associate director.” Shari Setayesh, Director at YMD Boon, added: “We are pleased to announce Jonathan & Simone’s appointments at such a pivotal time for the company. Both their drive and expertise will be instrumental in continuing the growth of YMD Boon.”

Derby Book Festival looks to business community for new trustees

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Derby Book Festival looks to business community for new trustees

Derby Book Festival, which stages events across the city to inspire a love of reading, is looking to recruit new trustees and a treasurer to help write the next chapter of the organisation.

The festival, which is a registered charity and receives funding from the Arts Council and the National Lottery for its Shared Reading community project, has sold more than 30,000 tickets to more than 570 events since its inception in 2015.

It also has a packed year-round community programme, working with almost all of Derby’s primary and secondary schools, Derby College and the University of Derby offering opportunities to meet authors, explore new books and create their own stories and illustrations.

Its Shared Reading community project enables people in care homes, hospital, prisons, libraries and community centres to listen to and share their thoughts about poetry, lyrics, letters and diaries at weekly and fortnightly sessions.

Its Summer Festival (30 May – 5 June) is about to get underway with authors including James O’Brien, Alison Weir, Polly Toynbee, Patrick Grant and Dan Cruickshank, as well as debut historical novelists Sarah Marsh and Elizabeth O’Connor. There will also be a special event on 29 July with BBC presenter and reporter Clive Myrie at Derby Theatre.

Festival director Sian Hoyle said: “Our board of trustees play a critical role in governing our charity and providing strategic direction on how we are managed and run. We have a committed team of trustees who volunteer their time and are proud of the role they play in our essential work, but we do have vacancies and an urgent need for a new treasurer.

“Recruiting the right trustees is essential for our book festival to grow and inspire future generations of readers and writers.”

The festival is organised in partnership with all the major arts and cultural partners in the city with funding from the Arts Council England, the University of Derby and several businesses and individuals across the city.

Festival chair, Professor Keith McLay, said: “We are looking for people who will bring knowledge and experience of their own, who will offer a fresh perspective on our work, and possess the wisdom and integrity necessary to be trusted with the festival’s leadership, resources, reputation, and future.

“Trusteeship is a great way of contributing to causes you care about and developing strategic and leadership skills at the same time. I am enormously proud to be the charity’s Chair and am appealing to others to get in touch and find out how they can help and play a part in our future.”

To apply, send an Expression of Interest explaining why either of these voluntary roles interest you, what you feel you could offer Derby Book Festival as either a Trustee or Treasurer Trustee, and a copy of your CV to DBF Chair, Professor Keith McLay, k.mclay@derby.ac.uk.

Businesswomen join Star Trust Board

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Businesswomen join Star Trust Board
Two notable regional businesswomen have joined the Board of East Midlands charity, Star Trust – The Charitable Entrepreneurs. They are Derbyshire-based Rachel Hayward, Managing Director of procurement consultancy Ask the Chameleon, and Anna Wooster-Mann, the founder and Managing Director of Greenio in Newark which is a national renewable energy hub. They join a Board of business people from across the East Midlands who oversee the Star Trust charity which, over the past ten years, has organised fund raising events and donated to £852,642 for 114 charities – benefiting more than 71,000 people across the East Midlands. Rachel Hayward specialises in producing funding and commercial procurement applications and business award submissions for ambitious East Midlands micro, small businesses, and Third sector organisations – securing a total of £117m for her clients. Named the FSB East Midlands self employed/freelancer of the year Rachel has also reached the national final of The Small Awards 2024 which are a nationwide search for the smallest and greatest firms in the UK, across all sectors. Having chaired Annabel’s Angels, a small charitable trust for the relief of cancer patients across Derbyshire, Rachel explained she was committed to ensuring continued support for smaller charities who had the greatest impact on local people’s lives. “I am looking forward to bringing my experience in bid writing and the SME and voluntary sectors to Star Trust and being on the ‘other side of the fence’ to ensure the money raised and donated through the charity goes to the organisations in most need and who provide maximum benefits to some of the most vulnerable people in our local communities.” Anna Wooster-Mann founded Greenio in 2013 with a vision to educate and help homeowners and businesses reduce their carbon footprint with tailored electrical and heating alternatives including solar panel installation, EV chargers, air source and ground source heat pumps, LED lighting and biomass boiler service and maintenance.
Anna Wooster-Mann, founder and Managing Director of Greenio
She said: “My business is deep rooted in supporting local people and businesses to make ethical and cost-saving choices that help save the planet. “This reflects my own ethos that we must do everything we can to protect and support services that improve the health and wellbeing of our local communities. “Star Trust is an incredible charitable organisation that brings together like-minded entrepreneurs who share that commitment to improving the lives of local people and I am delighted to be joining the Board.” Star Trust founder Steve Hampson concluded: “We are fortunate to be supported by a committed group of business people to steer our charity and by those whose generosity means that we can support smaller charities across the East Midlands who do such an amazing job in their local communities. “We are delighted to have Rachel and Anna on board and look forward to the contribution that they will make to Star Trust in so many different ways.”

Chamber partners with Loates Workplace Wellbeing for mental health training

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Chamber partners with Loates Workplace Wellbeing for mental health training
East Midlands Chamber has partnered with Loates Workplace Wellbeing to provide mental health courses accredited by MHFA England. The collaboration is being launched during Mental Health Awareness Week and will provide Chamber members with access to mental health first-aider training, either in person or online. The courses help delegates gain the knowledge and skills to spot signs of people experiencing poor mental health, be confident enough to start a conversation and signpost a person to appropriate support. The initiative reinforces East Midlands Chamber’s CSR commitment, as courses are provided in partnership with regional charities across the East Midlands. Since 2022, Loates Workplace Wellbeing has provided complimentary MHFA training for Derby County Community Trust, Nottinghamshire Hospice, and, from 2024, Rainbows Hospice in Leicestershire. Annie Litchfield from Loates Workplace Wellbeing said: “The charity partnerships foster a culture of wellbeing in the workplace while raising awareness of the valuable work and vital services each charity undertakes.” Hollie Anderson, Communications & Marketing Manager at Nottinghamshire Hospice, said: “The collaboration with Loates Workplace Wellbeing has enabled us to raise the profile of Nottinghamshire Hospice among a wider group of organisations. “By offering their Mental Health First Aid courses in our training room, we provide essential training to our team and showcase the hospice’s vital work to a broader audience.” Vicki Thompson, Head of Leadership & Training Programmes at East Midlands Chamber, said: “We see this as a natural extension to the broad training programme we already offer. The mental health first aider courses can also be booked by businesses as an in-house course.”

How to conduct a workplace risk assessment

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How to conduct a workplace risk assessment
There are hazards in every workplace, and these can lead to accidents that harm employees and the reputation of a business. According to HSE, the current rate of non-fatal injuries at work in the UK reached 561,000 in 2022/23. Conducting risk assessments is a primary management tool that can mitigate accidents at work. A risk assessment is a rigorous process of systematically identifying hazards, the associated risks and how measures can be employed to mitigate them. These should be employed regularly and ingrained into standard business procedures.  What is usually involved in a risk assessment?  Risk assessments consider all the aspects of a workplace and generally follow some simple steps. Employers should: 
  • List the risks to health and safety present in the workplace
  • Evaluate who might be harmed and how 
  • Assess whether current precautions are effective 
  • Revise protective measures and implement more if necessary 
Identifying Risks  Many hazards pose a risk to staff and business operations, however some are industry-specific. Some common types of risk assessments include:  Fire risks  Fire safety procedures are required to be established in workplaces by law. A sufficient fire risk assessment involves taking an organised look at what activities could cause harm to people from fire. Having emergency incident markers and lighting installed, as well as the safe storage of specialist electrical tools are solutions to mitigate fire risks.  Manual handling  Every year, around 300,000 workers suffer an injury from manual handling incidents. This type of risk assessment should be conducted in any environment where employees are at risk of ill health when lifting or moving loads. High-quality tutorial support and training materials on proper manual handling techniques should be provided. Display Screen Equipment (DSE)  Computers, laptops and other device screens can pose a risk to employee health. DSE assessments evaluate every workstation and provide recommendations to alleviate common problems such as screen glare, bad posture and body pain.  Control of Substances Hazardous to Health (COSHH)  For workplaces that store and handle hazardous materials and chemicals, a COSHH risk assessment should be carried out. Workplaces should provide training and equipment that mitigates risk and injury. Why is it important?  Compliance  Some industries require a risk management plan to stay compliant with legal requirements and avoid penalties. Employers have a responsibility by law to protect their staff and take all necessary precautions to mitigate threats. Risk assessments reduce a business’s legal liability.  Protection and preparation  Risk assessments are a company’s first line of defence against accidents. By looking at potential hazards ahead of time, a business can take proactive steps to reduce harm and be better equipped in the event of an incident.  Smart decision making  Risk management plans make business decisions more streamlined, especially during a crisis. A step-by-step plan allows operations to function under pressure and to allocate the required resources. 

Island Quarter developer incurs £3.8m loss

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Island Quarter developer incurs £3.8m loss
The developer of The Island Quarter scheme in Nottingham has incurred a loss of £3.8 million in the six months to 31 March 2024. Conygar notes that this is mainly derived from net operational, financing and administrative losses of £2.4 million as it continues the transition of consented development plots at The Island Quarter to income-producing assets.

However, with the restaurant and events venue at 1 The Island Quarter now well established and expanding its operations, in addition to the first phase student accommodation development in Nottingham becoming rent-producing from September 2024, Conygar anticipates a material uplift in revenues in the coming year to offset against these operational costs.

Construction of the 693-bed student accommodation development at The Island Quarter is expected to complete, as planned and on budget, before the end of June 2024 with lettings “progressing well” for the September 2024 student intake. Conygar is targeting full occupancy and a net operating income for the 2024-2025 academic year of circa £5m. In February 2024, the firm submitted a detailed planning application for the adjoining second phase of student accommodation, comprising a 383-bed scheme.

Meanwhile, at The Island Quarter’s restaurant and events venue, a loss was made in the six months to 31 March of £0.3 million, which Conygar said came “against a backdrop of squeezed household budgets and rising costs, compounded by a recent increase in the minimum wage.”

However, as a result of increasing capacity, in particular for outdoor events space, and the provision of a stretch tent cover, to enable its all-weathers use, total revenues for the venue have increased by 30% compared with the same six-month period in the prior year.

“This expansion, supplemented by significant improvements in food, beverage and wage margins since the start of the year, and the onset of the summer months should enable enhanced returns in the next six months with gross revenues projected for the full year in excess of £6 million,” said Conygar.

Robert Ware, Chief Executive, added: “Investment activity will take time to return to the levels seen before the market downturn. However, as inflation and interest rates recede, such that costs become more stabilised, the viability of funding opportunities should improve.

“Given the significant progress made at The Island Quarter, Nottingham and with investors prioritising high quality and sustainable investments we are optimistic that opportunities will evolve over the coming months and years which should enable us to maximise the returns from this and our other development sites.”

Cawarden “proud to return as sponsors” for the East Midlands Bricks Awards 2024

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Cawarden “proud to return as sponsors” for the East Midlands Bricks Awards 2024
Cawarden has returned to sponsor the East Midlands Bricks Awards for another year, backing the Excellence in Design category at the 2024 event. A family-owned and operated specialist contractor, Cawarden has been providing outstanding projects for over 35 years. With a rich history of delivering demolition, land remediation and earthworks projects across the UK, the business’s capability continues to grow to meet the changing needs of clients. Today Cawarden offers a range of standalone services with the option to efficiently synchronise them as part of its ‘destruction to construction’ solution. Speaking with Business Link about the Bricks Awards, William Crooks, Managing Director of Cawarden, said: “Here at Cawarden, we’re proud to return as sponsors of the Excellence in Design category in the prestigious 2024 East Midlands Bricks Awards. As a Specialist Contractor, we understand the vital role innovative design plays in shaping our built environment. “Last year’s event showcased the remarkable talent and creativity within our region, and we’re eager to once again celebrate those pushing the boundaries of design excellence. Our commitment to sponsoring this category stems from our belief in the power of visionary design to transform spaces and enrich communities.” Sharing advice for those entering the awards, Crooks added: “For those contemplating a nomination, our foremost advice is to embrace boldness and innovation. Demonstrate how your project pioneers new frontiers and positively impacts the environment, people, or communities. We eagerly anticipate reviewing the exceptional submissions and paying tribute to the visionaries propelling design excellence in the East Midlands.” The 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:

Dales businesses invited to take advantage of series of grants

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Dales businesses invited to take advantage of series of grants
Derbyshire Dales businesses looking for financial support to develop or grow are being invited to take advantage of a series of business grants. The objectives of the business grants are to improve business productivity and resilience, encourage carbon reduction and enable the creation of skilled roles. Launched by Derbyshire Dales District Council, the initiative offers grants of up to 80% of eligible costs. Three levels of grant funding are available for projects costing between £2,500 and £150,000. One local business that has successfully applied for a grant is TDP Ltd, who are based in Wirksworth. As a family-based small business they have been pioneering sustainable products for more than 30 years. In 2012 the company started to manufacture a range of outdoor furniture made from 100% recycled plastic waste so that it could have a positive impact on people and the planet. Recently the company was awarded The King’s Award for Enterprise in the Sustainable Development category for the environmental benefits of its innovative products. A £20,750 Business Growth Grant has helped the company to install a new dust extraction unit. This new equipment has enabled them to keep up with demand, improve production efficiency and develop new products. TDP have invested heavily over the last three years and the new extractor was the final part of the jigsaw and has allowed them to free up more time on the machines, to allow for both organic and planned growth. Rob Barlow, Managing Director of TDP, said: “The help provided by Derbyshire Dales District Council’s Economic Development Department was invaluable to us in applying for the grant. This support for our manufacturing sector is very encouraging. We are now looking at further expansion including recruitment to add another member to our busy production team.” Rob added: “A big part of our positive impact falls in the realm of sustainability and our carbon emissions. Early indications show that this new dust extractor uses only a third of the energy of the older unit.” Other businesses that have recently submitted successful applications include Alphaweld LTD (Calver), Billie Rose Therapy and Wellbeing (Matlock) and CEM Solutions Ltd (Darley Dale). The grant schemes are funded by the UK Government through the UK Shared Prosperity Fund (UKSPF).

Works progress on new £3.6m medical centre in Leicestershire

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Works progress on new £3.6m medical centre in Leicestershire

Midlands contractor, G F Tomlinson, is progressing works on the new Barwell Medical Centre in Leicestershire.

The new two-storey doctor’s surgery, located off High Street, Barwell, will replace the existing centre on Jersey Way, which is at capacity and unable to meet the growing demand for its services from the local community.

Due for completion in June 2024, the new medical centre will provide modern healthcare facilities to many more local people, with demand expected to grow from its current 6,400 to 11,000 users over the next five to ten years.

The additional space at the new centre will allow it to provide a greater range of much-needed health services, including physiotherapy and mental health support.

The new L-shaped building will consist of 12 consulting rooms, a space for minor surgical procedures with recovery facilities, a health promotion area, as well as 52 car parking spaces and six cycle racks. The centre will be constructed to BREEAM Excellent standards, ensuring the long-term sustainability of the new Medical Centre.

Demolition works at the unused brownfield site have already taken place which saw the removal of a former vehicle workshop and warehouse.

Adrian Grocock, Group Managing Director at G F Tomlinson, said: “To be delivering this new contemporary medical facility which will enable more local people to access vital medical care, as well as its expanding specialist services, is a privilege.

“G F Tomlinson is vastly experienced in the delivery of healthcare schemes and understand the incredibly important role they play in the local community. The team and I are looking forward to seeing this significant facility progress over the coming months.”

Dr Mark Findlay, GP Partner at Barwell and Hollycroft Medical Centres, said: “We are excited that after 17 years of planning, we will be moving into a purpose built, modern medical centre later this year. Over the last 10 years our practice list has increased by 50% to 14,600 patients across our two sites, and we have desperately needed a new building at Barwell.

“After a challenging process obtaining NHS agreement and issues with planning and funding, we are relieved that we are close to providing the building our patients and staff deserve. The new medical centre is less than 500 metres from the existing site, closer to the local pharmacy and more accessible – being situated on the High Street, on the local bus route and having 52 parking spaces.

“We have been delighted by our choice of contractor, G F Tomlinson, who have been incredibly supportive and professional throughout as well as being very considerate to our neighbours. Going above and beyond, they have been supporting the local community with food bank donations, Christmas tree collection and wood recycling.”

£21.1m funding facility secured for second phase of Derby development

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£21.1m funding facility secured for second phase of Derby development

Elevate Property Group has secured a £21.1m funding facility from Paragon Bank to support the second phase of its Silk Yard development in Liversage Street, Derby. The second phase of the scheme will comprise of 164 studio, one, two, and three-bedroom apartments. The properties will also benefit from a central gated courtyard, providing outside space to residents. Paragon Bank supported Elevate Property Group with a funding facility of £11.9m for phase one of The Silk Yard. The first phase will be complete in summer 2024 and will consist of 94 apartments, over 60% of which have been sold. The second phase of the Silk Yard will be completed in 2025 and the project will deliver 258 new apartments across both phases. This is Paragon’s eighth deal with Elevate Property Group, having supported previous schemes including the first phase of the Silk Yard development in Derby, Chapman’s Yard in Birmingham, and Trent Bridge Quays in Nottingham. This deal was led on behalf of Paragon Bank by Toby Burgess, Relationship Director, and Joshua Mann, Senior Portfolio Manager. James Costello, Managing Director of Elevate Property Group, said: “It’s been great work with Paragon on the second phase of the Silk Yard scheme in Derby to deliver new housing to this vibrant area. “We’re pleased that the first phase of the scheme has been so successful, with over 60% of the properties already sold, we’re looking forward to being able to deliver 164 more apartments to this local community, as Derby city centre continues to be a sought after location.”

Toby Burgess, Relationship Director at Paragon Bank, added: “It’s been a pleasure to work with James and the Elevate team once again, to support the second phase of the Silk Yard scheme in Derby. “We’re delighted that Paragon has been able to support both phases one and two of this development, providing a total funding package of £33 million. We’re looking forward to seeing how the scheme progresses and how it makes a positive impact on the area.”

Woodward Group strengthens leadership team with fire & security project manager appointment

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Woodward Group strengthens leadership team with fire & security project manager appointment

Burton-based mechanical and electrical contractors Woodward Group has appointed Steve Bullock as fire & security project manager in line with its ongoing expansion plans.

With a diverse professional background and a wealth of experience in the industry, Steve brings valuable, sector expertise to his new role. Prior to joining Woodward Group, he served at Yee Group for 10 years, where he held positions ranging from installation engineer to project manager, honing his skills in fire and security management.

In his new role as fire & security project manager at Woodward Group, he will be responsible for building and managing a team of engineers, implementing streamlined processes, and enhancing training programmes to ensure the delivery of high standards expected by Woodward Group.

Additionally, he will be actively involved in client communications, providing tailored fire and security solutions to meet clients’ bespoke requirements.

Steve says: “Woodward Group has a strong reputation in the sector of reliability and delivering top quality services, whilst maintaining the highest standards in health and safety. The business actively takes on more challenging, large scale projects, which aligns perfectly with my personal career aspirations.

“I feel excited at the prospect of working on innovative projects for the company’s impressive client-base and look forward to building strong relationships with both clients and my new colleagues.”

“We are thrilled to welcome Steve to the Woodward Group team,” adds Aden Woodward, Managing Director at Woodward Group. “His extensive experience, attention to detail and dedication to maintaining the highest standards make him a valuable addition to our organisation.

“Steve is committed to continuous learning and development, exemplifying Woodward Group’s ethos of embracing every opportunity for growth. His appointment reaffirms our commitment to providing top-tier talent and expertise to meet the evolving needs of our clients.”

Greggs eyes East Midlands sites to increase manufacturing and logistics capacity

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Greggs eyes East Midlands sites to increase manufacturing and logistics capacity
Bakery chain Greggs has its eye set on two new sites in the East Midlands to increase its manufacturing and logistics capacity. In a trading update Greggs said: “In order to support the longer-term growth potential of the business we are…progressing with the development of two new sites in the Midlands which are expected to be operational in late 2026 / early 2027.” Greggs has entered into an agreement for lease on a site at SmartParc SEGRO Derby for a facility that will be the focus of its increased manufacturing capacity needs whilst also supporting expansion of its logistics network capacity. The landlord is currently constructing the building, following which Greggs will develop and install the first phase of manufacturing and logistics equipment through 2025 and 2026. Meanwhile, negotiations are progressing on the purchase of land in the Corby/Kettering area, where Greggs will develop a National Distribution Centre for chilled and ambient goods. This site will significantly extend its logistics capacity across the network to circa 3,500 shops and deliver efficiencies through semi-automated storage and picking solutions. Greggs aims to exchange contracts on the purchase of the land in the coming months.

Legal recruitment specialist returns to the heart of Nottingham

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Legal recruitment specialist returns to the heart of Nottingham
Bygott Biggs, the legal recruitment specialist, is back in the heart of the city after relocating to Cubo’s new Standard Court location.  During the pandemic, the team found a new home in the Engine Yard development next to Belvoir Castle, with home working the prevalent approach for many of their clients and the rural base a refreshing change of scenery for visitors and team members alike.  However, with many sectors returning to a more office-based approach once more, the Bygott Biggs team, led by Jane Biggs, is returning its HQ back to Nottingham whilst serving their clients in Birmingham, Leeds and the north-west from Cubo’s other locations. Jane Biggs, founder of Bygott Biggs, says: “As we celebrate our 30th Anniversary, we look back at how our business has evolved and adapted to new ways of working. 

“We also reflect upon the changes our clients have seen in that time. For many years, law firms were quite traditional places to work – wood panelled offices, imposing boardrooms and the holy grail of the prized and private corner office.

“Now we see a far more progressive and flexible model with hybrid working being the norm and office attendance offering an opportunity to mentor junior colleagues, foster team spirit and reinforce culture whilst maintaining that all important work/life balance.”

On returning back to the heart of Nottingham, where the business was founded by Jane in 1994, Jane added: “As this latest transition back to the office begins to take more of a foothold, we hope it will help contribute to a renewed vibrancy in the city centre as the professional sector returns to the office. “However, as the legal services market continues to flourish and the competition for talent remains high the key for law firms seeking to attract and retain the best talent is to offer a flexible and supportive working environment that allows an ever more diverse range of lawyers to find the right balance in their career / home lives.”

Rotherhill makes new appointment to management team

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Rotherhill makes new appointment to management team

Midlands commercial property developer, Rotherhill, has appointed experienced surveyor, Stuart Waite, to its management team.

Stuart joins Rotherhill from Commercial Property Partners based in Nottingham.  A qualified Chartered Surveyor with thirteen years post qualification experience, Stuart has spent the last nine years as an industrial and logistics agent operating across the East Midlands, initially for Innes England in Derby and, more recently, seven years at CPP in Nottingham.

In his new role at Rotherhill, Stuart is responsible for identifying new development and investment opportunities within the industrial and logistics sector, as well as implementing asset management initiatives to deliver returns for investors.

Paul Bagshaw, Owner and Director of Rotherhill Developments, says: “We are keen to consolidate the company’s position and are looking to continue its growth. In appointing Stuart, I believe we are addressing those needs.

“Stuart’s experience and knowledge will help us to identify prime sites of approximately 5-15 acres suitable for redevelopment as well as industrial buildings in need of improvement and modernisation.”

Stuart has significant experience within the Midlands industrial and logistics market, having acted for high-net-worth individuals, property companies, developers, private equity and institutional funds.

Some key recent deals include the letting of a 77,000 sq ft warehouse in Beeston, Nottingham to Argos for a last mile logistics facility, 102,500 sq ft at Markham Vale, Chesterfield, let to Restore plc on behalf of a landed estates client and the letting of a 70,000 sq ft distribution unit in Worksop to Royal Mail on behalf of a private equity fund having advised on acquiring the premises with vacant possession six months prior.

Of his appointment, Stuart says: “I have developed a strong relationship with the Rotherhill team, having successfully acted for them in an advisory capacity on a number of projects during my time at CPP, so I know how they work and what it is they are looking for in the market. It will be my job to identify existing buildings and land where opportunities exist to add value through proactive asset management.

“Rotherhill is an agile investor and developer that has long term, robust relationships with its capital partners. This provides an opportunity to capitalise at a point in the cycle where access to debt is frustrated. The industrial and logistics sector, especially within the Midlands, still boasts incredibly strong fundamentals and this is an exciting time to be joining such a highly respected property company.”

East Mids warehouse technology firm makes chief commercial officer promotion

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East Mids warehouse technology firm makes chief commercial officer promotion
Castle Donington-based warehouse technology innovator, Synergy Logistics, has promoted Brian Kirst to chief commercial officer.

Brian previously looked after all customer facing elements of the business in North America, but now oversees all aspects of Sales, Marketing, Support and After Sales globally.

He brings 30 years of experience in supply chain, logistics and digital technology. Prior to joining Synergy in early 2022, Brian co-founded and launched two high growth 3PL order fulfilment companies – Total Reliance in 2014 and Resurge in 2019.

The restructure also sees chief product & delivery officer, Smitha Raphael, take on a more global role with the development services and implementation teams. Both report directly into Synergy Logistics chairman, Hugh Stevens.

Stevens said: “Brian is the ideal fit for this crucial role. As a fellow owner, operator, and entrepreneur; our strategic views align. I also like his leadership and decision-making approach. He recognises opportunities quickly and looks to make an immediate impact.”

Kirst has been using his applied knowledge, gained across multiple industries and sectors, to help customers identify their value drivers and further tap into the potential of Synergy’s technologically advanced software to drive revenue and profitability.

He added: “My focus will be growing and evolving with our existing customers, but also developing further enterprise-level business, as our highly configurable WMS and multi-agent orchestration solutions become increasingly relevant in today’s automation-driven supply chains.

“This includes executing on our ambitions of having a fully global and consistent product offering, with recent implementations in Asia and South America, complementing our long-standing and proven track record in the EMEA and North America regions.”

Rolls-Royce runners go above and beyond for local families

Tess Egginton
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Rolls-Royce runners go above and beyond for local families
Two Rolls-Royce employees are gearing up for an epic sponsored 100 mile run in 24 hours to enable local children who have faced extreme trauma in their young lives to enjoy a seaside holiday with their families this summer. James Spray and Matt Shillcock are taking on the challenge to raise money for Revive charity in Chaddesden which supports some of the most under privileged and vulnerable children and families in the local area. The charity is taking a group of 30 children, parents and siblings on holiday to Butlins this August and are busy fundraising to give the families a holiday of a lifetime. James and Matt are planning to run the 100 miles between the company’s site in Wilmore Road and Skegness in just 24 hours to help fund the trip. James (45) works in the Turbines division and former soldier Matt (36) is a member of the team at Assembly and Test at Rolls-Royce. As well as being members of local running clubs, Mickleover RC and Sinfin RC, they are both Livewell champions at the company and are busy training for the epic challenge which they have named #SAS Skegness to run between Wilmore Road and Skegness town centre on Friday July 26. As experienced marathon runners, they have stepped up their training to around 50-60 miles a week, including night running. On the day, their kit has been sponsored by Derby Runner and they will be accompanied by a support van manned by Rolls-Royce colleagues to ensure they take in enough food and water and deal with any injuries. James and his colleagues in the Turbine and Rotatives division have supported Revive since 2016 and he was keen to use his 15 years’ experience of running to raise money for the Revive trip. He has previously completed ten marathons in ten days, a 100 mile challenge and competed in Ironman triathlon events. James explained: “I have seen the fantastic work that Revive does in this community and the positive difference it has made to the lives of so many families in this part of the city. “100 miles is a long way to drive and cycle but it is a totally different matter to run the distance in just 24 hours so we know it will be both a mental and physical challenge. “After 40 miles, there is always a lot of soul searching and the key is to ensure you get enough calories, stay hydrated and have a positive mindset. “I am so pleased that we are doing this together as running with someone else keeps you alert and is a distraction when the going gets tough – particularly in the middle of the night.” Matt, who is an accomplished marathon runner, continued: “The date of #SAS Skegness is important as it is the start of the school summer holidays and a time when children should all be looking forward to a holiday with their families. “That is not possible for many families and, as parents ourselves, we were keen to ensure that these children supported by Revive who have all faced some extreme challenges will be able to do just that.” Among those joining the trip this summer will be eight-year-old Joseph from Chaddesden who underwent a gruelling double lung transplant at Great Ormond Street Hospital last May. He will be joined by his parents Andy and Jade and his six brothers and sisters, including the latest addition to the family who will be just a few weeks old. Joseph contracted pneumonia when he was three months old which scarred his lungs and he was later diagnosed with Bronchiectasis and Bronchial Obliterans. Before the new lungs Joseph only had 18% lung function, needed two litres of oxygen 24/7, regular hospital stays and a huge assortment of medication including IV antibiotics. Since receiving two new lungs, he is still being treated for gastric problems but is otherwise doing well. He has taught himself to ride a bike and even joined a local football team but this will be the first time that the whole family have been able to go on holiday together. Andy said: “Life for Joseph and the whole family has been really tough so we are looking forward to our first holiday together. It will be just over a year since Joseph had the transplant and will give us time to re-set the button on family life. “We haven’t told the kids yet that we are going on holiday but one of things we do need to do is get Joseph used to swimming as he has never been able to do that before now because of the medication and oxygen tubes. “It’s amazing what these guys are doing running from Derby to Skegness and it just shows that there are good people out there who recognise how tough life can be for some families and who are prepared to literally go the extra mile to help.” Charity manager Jo Andrew concluded: “We are in awe of the challenge that James and Matt have set themselves. Their commitment will enable children and families to enjoy a well-deserved seaside holiday this summer which will be a welcome break from the individual traumas that they have faced. “Rolls-Royce are one of the many companies, organisations and individuals who support our work throughout the year including Secret Santa, Winter Aid and our ‘Hopes, Dreams & Aspirations’ fund which we run on top of the job club and personal support for families in this area. “All of the children invited on the trip have been through extreme trauma in their lives so it is always wonderful to see the joy on their faces and to give families time to enjoy new activities and create precious memories together.” To support #SAS Skegness, please visit https://www.crowdfunder.co.uk/p/sas-skegness

Improving inventory accuracy with modern tech tools

Tess Egginton
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Improving inventory accuracy with modern tech tools
Inventory inaccuracies pose significant challenges for small businesses and warehouse managers. These can often lead to lost sales, surplus stock, and disrupted workflows. A key hurdle in achieving accurate inventory records is human error, compounded by outdated or inefficient tracking systems. Additionally, inventory discrepancies can result from logistical errors during the goods in/out processes, incorrect stock placement, and theft or damage. Adopting modern tech tools can streamline these processes, ensuring data accuracy and reducing error rates significantly. Keep reading as we explore more ways to improve inventory accuracy with the help of modern tech tools. The role of RFID technology in inventory management RFID technology streamlines inventory management by providing real-time data on product movements and storage conditions. By implementing RFID tags, small business owners and warehouse managers can greatly reduce manual counting errors and time spent on inventory audits. These tags store and relay information to RFID readers, allowing continuous inventory tracking without physical handling. The adoption of RFID can lead to substantial improvements in inventory accuracy, helping businesses manage stock levels more effectively and respond swiftly to market demands. Enhancing inventory management with technology Supply chain technology, particularly supply chain management software, enhances inventory accuracy. These systems offer tools that consolidate data across various points in the supply chain, providing a single source of truth for inventory management. Warehouse management software solutions from companies like Balloon One exemplify how integrating sophisticated software can optimise logistical operations. These solutions offer automated stock updates, demand forecasting, and detailed reporting features, empowering businesses to maintain accurate stock records and streamline their supply chain operations. AI and machine learning: revolutionising stock levels Of course, artificial intelligence and machine learning transform inventory management by enabling predictive analytics and automated decision-making. These technologies analyse historical sales data to forecast future demand, helping businesses optimise their stock levels and reduce holding costs. For instance, AI can identify patterns indicating a surge in demand for certain products, prompting timely reordering to avoid stockouts. Warehouse managers can implement AI-driven tools to refine their inventory practices, ensuring they meet customer demands efficiently without overstocking. Integration tips: making technology work for you Successfully integrating new technology into existing systems requires careful planning and execution. Businesses should start with a clear understanding of their inventory challenges and desired outcomes. Training staff on new software and reviewing system performance can ensure the technology delivers its intended benefits. Additionally, choosing technology that seamlessly integrates with existing systems reduces disruption and enhances user adoption, improving inventory accuracy and efficiency. Future trends in inventory management technology Emerging technologies continue to shape the future of inventory management. Innovations such as blockchain for enhanced transparency and security, drones for automated stock-taking, and augmented reality for warehouse navigation are rising. Staying informed about these developments and considering their potential application in your business can position you ahead of the competition. Forward-thinking managers will look to these technologies for improvements in accuracy and as opportunities to redefine their operational processes. Optimising your inventory for better business outcomes Embracing modern tech tools is essential for optimising inventory accuracy and, by extension, improving business outcomes. Each technology, from RFID to AI and cloud-based solutions, offers unique benefits that can address specific inventory challenges. As businesses continue to navigate the complexities of inventory management, adopting these tools can lead to significant gains in efficiency, accuracy, and competitiveness. Managers should assess their needs and invest in technologies aligning with their strategic goals, ensuring sustained growth and success.

Building work well underway on Nottingham’s Green Heart

Tess Egginton
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Building work well underway on Nottingham’s Green Heart
Building work is well underway to create the new wildlife-rich Green Heart in Nottingham, which is part of the Broad Marsh area and the site of the former shopping centre. This is a key element of the wider Broad Marsh Vision developed by Heatherwick Studios. The new green space will be a place to enjoy nature with 38 trees, 34 of them newly planted, plus areas of colourful planting, a new ‘marsh’ area and several footpaths and places to sit. Sandstone, which is the same rock on which Nottingham Castle was built and the city’s unique cave system was cut, is being used to create pathways and new large boulders for seating. Plus, there is a long new bench that arcs through the planting and marsh allowing people to sit, enjoy and experience nature. The Green Heart is also a key pedestrian route, so there will be a main path creating a clear and direct route from the train station to the city centre. This pedestrian route will be well lit at night and will be the route to all the other seating areas during the day and a place for people with limited mobility to stop and rest. This new space, which is just the start of the green transformation and is due to be completed this Summer, will enhance biodiversity by creating green, natural habitats and food for wildlife. A key aim is to put the ‘marsh’ back to the Broad Marsh. Plus, this year a new law made it so that all new developments in England must be “nature positive.” This is to help the country meet our target to stop the decline in wildlife by 2030. This means that developers must increase the natural habitat by 10% (Biodiversity Net Gain BNG). The Green Heart has smashed this target and has increased the natural habitat by 438% (BNG). The design of the Green Heart is unique to Nottingham and has been developed by Townshend Landscape Architects along with Nottinghamshire Wildlife Trust, with Heatherwick Studio retained as a strategic design advisor, with contractor Willmott Dixon carrying out the construction work. The Green Heart project is being delivered using grant funding secured from Central Government through the Transforming Cities programme. While the Section 114 report means that money Nottingham City Council can spend is currently strictly controlled, because external grant funding has previously been specifically allocated and approved for this scheme it can go ahead. Cllr David Mellen, Leader of Nottingham City Council, said: “It’s great to see this area of the Broad Marsh being transformed into a hugely important green space, which is right in the centre of our city. Public feedback in the Big Conversation consultation made it clear that green space was what people wanted – we listened, and we are now delivering. “Anyone who has visited the area recently will see how much it has changed with lots of greenery, pedestrianised areas and seating. I am particularly pleased that Collin Street is now a family friendly space that people can enjoy right outside the new Central Library. The creation of the Green Heart will take the transformation of Broad Marsh a major step further and will be a beautiful addition to the city centre which is unique to Nottingham.” Nick Heath, director at Willmott Dixon, said: “It’s a privilege to be involved in the transformation of such an important site in Nottingham, a city which many of our own employees live and work in. “We have been involved in this regeneration since the demolition of the former Broadmarsh Centre in 2021, so it will be rewarding to deliver a vision we helped begin. Our aim is to always leave a lasting legacy in the communities that surround our work and this project embodies that spirit given the significant social benefits it will bring.”
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