Nottingham recruitment company secures multi-million-pound investment
Specialist recruitment company Metric Search has secured a multi-million-pound investment from BGF, the growth capital investors.
Founded in 2019 by Joe Jani, with headquarters in Nottingham, the business has offices in New York, London and Florida to service its growing US customer base.
The funding from BGF will allow Metric to further extend its footprint in the US recruitment market, which is worth an estimated $216 billion, by expanding its offering into dedicated exec search, contract recruitment and further niche specialisms.
The deal was led by Adam Huckerby, Sam Giurani and Seb Saywood, investors in BGF’s Midlands team.
Andy McCrae – part of BGF’s Talent Network – is joining as non-executive chair (NXC). He brings a wealth of industry experience from the likes of Phaidon International, Oliver James and SR Group, having previously worked with a range of PE-backed businesses and entrepreneurs.
In addition, John-Joe Walker has been appointed as chief commercial officer to ensure the company continues to offer the best level of client care across its global office base, alongside continued support from Zac Flint as finance director.
Joe Jani, founder and CEO, said: “Our global footprint has enabled us to successfully grow in the US market, whilst building a world leading HQ in our home city of Nottingham. From there, we have developed a compelling proposition in high growth, well capitalised sectors that have an excellent outlook, servicing clients that are at the forefront of cutting-edge technology and innovation and range from SMEs to blue-chip companies.
“The US recruitment market as a whole has vast potential and will play a crucial role in helping us to accelerate our growth ambitions – both geographically and from a sector perspective. In BGF we have an aligned investment partner which has the experience, network and approach to help us achieve our exciting plans and we’re delighted to be partnering with them.”
BGF investor Adam Huckerby, who will join the Metric board, added: “Metric has achieved remarkable success in a short amount of time, and is well placed to capitalise on the dynamic, growing US recruitment market through its high quality, specialist service.
“This is a great example of how BGF can support ambitious, high performing teams to fulfil their plans. We look forward to working with Joe and the team with the next phase of accelerated growth.”
Cowgills advised management on the deal. James Kennedy, partner in the deal advisory team, said: “We are very pleased to support Metric in securing an investment from BGF. The high performing Metric team are great to work with and I wish them every future success as they continue their impressive momentum in the US.”
Other advisers on the deal to the company and shareholders were Cowgills Corporate Finance (James Kennedy, Brett Marsden, Tom Roberts), Knights (Gavin White, Hannah Jones, Rachel Hatton, Clive Day), Cowgills Tax (Georges Daubney, Jason Gauthier), and Browne Jacobson (Matt Bolton).
Other advisers on the deal to BGF were Gateley Legal (Matt Hussey, Sophie Cahalin, Tammi Broad), Claritas Tax (Ses Memhi, Cass Cornforth, Natalie Lee), and Fairgrove Partners (Paddy Woods Ballard, Oli Lestner).
Business helps homeless people learn IT skills
Nottingham-based recruitment company Staffline is providing equipment and training to help homeless and vulnerable people across the East Midlands gain digital skills.
Staffline has donated around 400 items of pre-loved IT equipment to the homelessness charity Framework. The items, including more than 140 laptops and 100 tablets, as well as smartphones and protective cases, are estimated to be worth more than £23,000.
Framework’s digital inclusion team will use these to help people in need to acquire the vital IT skills and confidence to live independently.
In addition staff from the company are providing pro bono support by delivering IT training to Framework’s staff.
Matt Roberts, Staffline’s Group Head of IT, said: “At Staffline, we’re not just about providing top-notch flexible work across the UK; we’re about making a real difference in our communities, too.
“That’s why we’re thrilled to share our recent collaboration with Framework, a charity dedicated to supporting homeless individuals in the East Midlands. By donating tablets and laptops, we’re opening doors to new opportunities for people in need, aligning perfectly with our core values and vision.
“One of our core values, to ‘Stand Up and Be Counted’, is about building credible relationships and delivering on our promises with relentless passion. This donation to Framework embodies that commitment, offering a lifeline to those who are often left behind. We believe in the power of technology to connect, educate, and empower individuals, helping to bridge the gap between adversity and opportunity.
“‘Doing the Right Thing’, another core value at Staffline, is at the heart of everything we do. Acting with integrity and honesty, we adhere to the highest ethical standards, which is why partnering with Framework felt so right.
“This initiative supports their vision of creating an inclusive community where everyone has the chance to thrive. Together we’re working towards a future where homelessness is not just addressed but prevented, through understanding, support, and access to crucial resources like education and employment opportunities.
“We’re proud to support Framework’s goals, which resonate deeply with our vision of creating a future where everyone feels valued, supported, and hopeful. Through this donation, we’re not just providing technology; we’re helping to build a foundation for resilience, skill development, and a sense of belonging.
“It’s a reflection of our belief in doing the right thing for our community, standing up to be counted, and making a tangible difference in the lives of those we serve.”
Framework’s Head of Fundraising and Communications, Claire Eden, said: “Businesses and organisations provide vital support to our work in many different ways including payroll giving, taking part in fundraising events, or making Framework their charity of the year.
“Gifts in kind and pro bono support also make a massive contribution to the work we do to help people in need – as in the case of Staffline’s hugely generous and heartfelt support which is greatly appreciated.
“The quantity, quality and range of equipment provided by Staffline have given many more service users access to vital digital communications equipment. The training offered has increased the skill level among our service users. Both elements of this support have increased the scope and effectiveness of the work by our colleagues and have advanced digital inclusion among our service users.
“Thank you to everyone at Staffline who has been involved in this exceptional initiative. We are delighted to demonstrate our appreciation by including Staffline among our Friends of Framework – a group of businesses who have gone above and beyond in their support of our work. The plaque we recently presented provides enduring evidence of that appreciation.”
New plan launched for Nottingham’s economy
A new plan has been created to help boost Nottingham’s local economy over the next ten years.
Nottingham City Council have worked with partners across the city to create the Economic Plan for all private, public and third sector partners, residents, and stakeholders.
The vision is to deliver a vibrant, sustainable, and investment friendly Nottingham that promotes inclusion, secures resilience and unlocks prosperity for residents and businesses.
The Nottingham Growth Board, which is a partnership of some of Nottingham’s key businesses, educational institutions, and public sector organisations, will oversee the plan.
The idea behind the Economic Plan is to have:
- A shared vision for improving the economy of Nottingham
- A plan to help the city grow in a fair and sustainable way that benefits all citizens of Nottingham
- A framework of activity to help focus ambition and investment in our city
- A plan for all partners in the city to work towards to create sustainable and inclusive economic growth
Fashion logistics provider lets 587,000 sq ft unit at Magna Park Corby
GLP has signed a new lease agreement with Bleckmann, a logistics provider for companies in the fashion and lifestyle industry, for its 587,662 sq ft MPC 3 unit at Magna Park Corby.
A milestone for Bleckmann, MPC 3 is now the largest building in Bleckmann’s portfolio, and now the third occupied building with GLP, with the first two in Magna Park Lutterworth, bringing the total occupied space with GLP to over 965,000 sq ft.
Founded in 1862, Bleckmann has evolved from a transport company into a full supply chain solutions provider with a specific expertise in e-fulfilment solutions in the fashion and lifestyle industry.
Mark Van Onna, General Manager Real Estate at Bleckmann, said: “The combination of availability, capacity and sustainability was unique and perfectly matched our requirements. The 588,000 SQ FT footprint of the building and an internal clear height of 18 meters, enables us to utilize the cubic meters of the building in a very efficient way.
“With a BREEAM Outstanding certificate, this is a future proof building which we have added to the Bleckmann UK portfolio. This is our third transaction with GLP in the UK which clearly demonstrates our professional partnership.”
James Atkinson, Development Director at GLP, said: “Magna Park Corby’s importance as a logistics hub is strengthened by this significant agreement with Bleckmann. Their decision to establish a presence at Magna Park Corby recognises the UK as being a crucial growth market for their business.
“We continue to see strong demand for modern best-in-class, sustainable logistics warehouses and are delighted to see Magna Park Corby continuing to grow.”
Travis Perkins names new CEO
Northampton-based builders’ merchant Travis Perkins has appointed Pete Redfern as a Director of the company and Chief Executive Officer with effect from 16 September 2024. Pete succeeds Nick Roberts, who will step down as CEO and from the Board on the same day.
Pete brings over two decades of leadership, operational and finance experience in the construction sector, including 14 years as Group Chief Executive of Taylor Wimpey plc until 2022.
During his time at Taylor Wimpey, Pete oversaw the transformation of the company into one of the largest housebuilders in the UK, and its elevation to the FTSE 100, restructuring the Group post its merger, building a strong financial position after the global financial crisis, refocusing the company on its UK operations and delivering a strategy that created significant shareholder value through a focus on organic growth.
Alongside his sector experience, Pete also benefits from a deep understanding of Travis Perkins Group, having served on the Board as a Non-Executive Director for nine years to September 2023.
Jez Maiden, Interim Chair, said: “I am delighted that Pete Redfern will be joining Travis Perkins as CEO. Pete brings a combination of deep sector knowledge, operational delivery capability, commercial acumen and listed company expertise.
“He is focused on operational rigour and driving a performance culture, prioritising customers, quality and people. He has demonstrated his skills in managing costs, margins and cash generation, complemented by a rigorous approach to capital allocation.
“Pete joins at an important time for the Group as we focus on improving profitability and enhancing cash generation, as well as accelerating changes to our operating model to create a simpler, more efficient business.
“I am confident that, together with Duncan Cooper, Chief Financial Officer, the executive leadership team will accelerate the ongoing transformation of the Group and deliver strong shareholder returns.
“I would like to thank Nick Roberts for his leadership of and dedication to Travis Perkins as CEO over the last five years. Nick has led the modernisation and simplification of the Group, whilst navigating a challenging trading environment, and we wish him every success in the future.”
Pete Redfern said: “It is a privilege to become the next Chief Executive Officer of Travis Perkins. In addition to my time as a Non-Executive Director, I have operated as both a customer of, and a supplier to the Group and have a strong sense of its inherent potential.
“My initial focus will be on implementing and adding to the actions already underway to improve operational execution and increase the focus on efficiency and cash generation, whilst also starting to develop the Group’s strategy for the years ahead.
“I am looking forward to working with Geoff, Duncan and the Board, together with all colleagues across the Group, to position us for the opportunities our changing environment will offer and to drive significant value for our shareholders.”
The appointment comes alongside that of Geoff Drabble as a Non-Executive Director of the Company with effect from 1 October 2024. He has also been appointed Chair (designate) from the same date and will take up the position of Chair as soon as his capacity allows.
Geoff brings unrivalled experience in publicly listed businesses across the building materials distribution, equipment hire and tools markets in which the Travis Perkins Group operates, gained from both executive and non-executive roles.
Geoff is Chair of Ferguson plc, the building materials distribution business listed on the New York and London Stock Exchanges, which primarily operates in North America. He is also currently Chair of DS Smith Plc, the international packaging company. He was a Non-Executive Director of Howden Joinery Group plc, the specialist kitchen supplier, from 2015 to 2023, serving latterly as its Senior Independent Director.
In his executive career, Geoff was Group Chief Executive of Ashtead Group plc, the FTSE 100 listed international equipment hire company, from 2006 to 2019 and previously held senior executive positions in Laird Group plc and Black and Decker Corp.
York research consultancy joins Leicester group
York-based research, evaluation and insight consultancy, Qa Research has joined Leicester’s EMB Group.
EMB Group provides a range of professional services designed to drive meaningful change through business information & advice, grant & transaction processing, and research & insight services. This latest acquisition increases the number of people working in the research division of the business to over 60.
For Qa, the sale represented an opportunity to become part of a larger group of companies and tap into a sophisticated infrastructure, whilst continuing to operate as a stand-alone business under the well-respected Qa Research brand, retaining the current team of experts.
Richard Bryan, Managing Director of Qa, said: “Over the past few years, Qa has been growing steadily and we wanted to find a partner with the right systems and culture to underpin this growth.
“As a business that is already engaged with many of our sectors and which understands how research agencies operate, EMB Group is a great fit for us. We’re excited to be part of the Group and working alongside the other research teams.”
Danielle Gillett, CEO of EMB Group, said: “Since entering the research market in early 2023, we have been steadily increasing our capability and the sectors we cover.
“Through their wide range of qualitative, quantitative and data collection services, Qa bring a new dimension to our offer, as well as strengthening our existing research and insight expertise and we’re delighted to welcome them to the Group.”
Qa Research will sit alongside Blue Marble Research and Pye Tait Consulting and continue to operate from their base in York.
Churchill Environmental Services appointed to duo of public sector frameworks
Churchill Environmental Services (CES), the specialist environmental and water arm of Churchill Group, has been appointed to two new frameworks. The frameworks are with Efficiency East Midlands (EEM) and Consortium Procurement (the commercial trading arm of the non-profit Northern Housing Consortium).
EEM, a not-for-profit procurement consortium, provides compliant products and services in repairs, maintenance, and new builds for its members in the public sector. EEM appointed CES for its reputation in water and environmental compliance, which complements EEM’s existing facilities services framework.
Consortium Procurement provides compliance services and dynamic purchasing to its 400 public sector members across the UK. Its members include organisations in construction, asset management, independent living accommodation, and financial inclusion. CES was selected for this framework because of its bespoke solutions for public-sector organisations.
Spencer Culley, director at Churchill Environmental Services, said: “We’re delighted to be appointed to these frameworks. Both EEM and Consortium Procurement provide high-level management strategies and we’re excited to broaden our network of partner organisations in the public sector. The appointments further imbed our position as a leading service provider across multiple industries.”
Sutton building given clean and green transformation
A former empty charity shop on Low Street, Sutton, has been transformed into a clean and green building by Ashfield District Council.
9-11 Low Street, the former YMCA shop, is being renovated as part of the Council’s £6.27million Future High Streets Fund, from empty eyesore to an attractive, green, commercial unit.
The buildings eco credentials come from the installation of photo voltaic panels on the roof, insultation, innovative sun tubes that provide natural light inside the building, and a living, green roof. The roof has been planted with sedums that will not only help capture carbon emissions, and absorb rainfall, they benefit pollinators when flowering during summer.
Cllr Jason Zadrozny, Leader of Ashfield District Council, said: “This project is a great example of how we are transforming former grotspots in town centres, in ways you can see, and those that you can’t. The green roof is a clever and easy way for the Council to increase biodiversity whilst helping the environment, helping us achieve one of our key priorities; cleaner and greener.
“Projects across Sutton and Kirkby are really picking up pace now with the start of works on Fox Street and Portland Square this month. It won’t be long until residents, businesses, and visitors start seeing real transformational change in Ashfield.”
The internal works to 9-11 Low Street are almost complete.
The Future High Streets Fund is also paying for the renovation of the theatre at Sutton Academy, the transformation of Fox Street, and the refurbishment at High Pavement House.
Affinity back on board with transport specialist Vectare in £3.5m funding deal
A Loughborough-based transport solutions company has made a second major investment after landing a funding deal through Nottinghamshire’s Affinity Asset Finance.
In November 2022, Vectare enhanced its environmental credentials by acquiring ten Alexander Dennis Enviro E200 low carbon emission buses after securing a £2m deal arranged by Affinity.
Now, they have partnered once again, with 15 new Alexander Dennis Buses being procured following a £3.5m deal.
Neil Kimberley, Director at Affinity Asset Finance, said: “We have built a proactive relationship with Vectare which has enabled us to not only be seen as a ‘preferred supplier’ but also offer advice and guidance on all areas of funding.
“Given the outlay in terms of deposit and the VAT amounts due, we structured a cash flow friendly way, meaning that assets payments are over the same lifespan as the contract.
“We have seen this business grow organically and via acquisition, with consistently improved and impressive cost management, fleet efficiency analysis and shrewd contract negotiations which in turn has meant they are being regularly awarded new contracts across the UK.”
Founded in 2016 by young entrepreneurs Dominic Kalantary and Peter Nathanail, who met at university, Vectare is a nationwide provider of mobility and transport technology solutions.
It now employs over 300 staff with a fleet of 200 buses, coaches and minibuses, working in partnership with 125 schools and 80 partner coach operators to deliver more than 600 daily home to school transport routes.
Earlier this year it launched its ‘Bigger Business – Better Buses’ strategy, setting out its plans for its next phase of growth.
Dominic Kalantary from Vectare said: “Thanks to Affinity Asset Finance, we’re able to invest further in a brand new fleet to improve the quality of journey we deliver to our customers.
“Outside of this investment, we are also restructuring our management team to bolster our resource levels, and analysing every aspect of our customers’ journey with us to identify opportunities to make journeys more reliable, more consistent and more enjoyable.”
Affinity’s package will see Vectare add 15 8.9m ADL Enviro200 MMC single-deck service buses to a bespoke interior specification.
Why you should not always be DeadHappy with publicity: by Greg Simpson, founder of Press for Attention PR
Greg Simpson, founder of Press for Attention PR, explains how there is such thing as bad publicity.
So, it’s happened again…. “There’s no such thing as bad publicity Greg” – someone said to me at a conference I was speaking at yesterday.
It was a room full of just under 400 business owners and I was there to lift the lid on the dark arts of PR. I was fielding a question about what to do in a PR crisis, which to me, starts way before the crisis occurs. Like, before you start any external communications at all. Get your ducks in a row before any detritus starts hitting any rotating blades.
Anyway, as I was explaining how to begin this process, a chap at the back cheerfully yelled out the old cliche. I laughed along as the room nodded sagely that they felt this to be true until I pointed out something very stark: “I promise each and every one of you in this room right now that I can make you famous before 5pm today. Just come and see me at the break and we will have a little chat and Robert’s your father’s brother. In fact, I won’t even charge you for it.”
Now, as you might imagine, this set of a ripple of excitement through the room. Not only was I GUARANTEEING them fame, I wasn’t even seeking a fortune for this game changing moment.
I let the dust settle before quietly adding a caveat: “Of course, I didn’t say WHAT I was going to make you famous FOR or HOW.”
That’s the crux of the problem with this old cliche. Gerald Ratner is famous for calling his own products and stores cr*p. Super famous. So famous it destroyed his business. Not so smart.
As I was setting out my column for this month, following a gentle reminder from Tess on the editorial team, a similar theme reared its ugly head. DeadHappy, the controversial insurance broker, filed for administration.
I’ve been at the sharp end of this media wise before and it is a time of huge stress and major uncertainty for everyone, especially the employees. So, I take no pleasure in calling them out on their marketing, but the fact remains that the way they courted controversy for the sake of column inches went way too far.
It raised eyebrows for sure. It got them attention, that is beyond doubt. Did it make them some friends? Maybe. Did it get them clients? Yes. Did it also put up a great big ”Bargepole Alert” sign within a traditional industry that wanted to steer well clear of partnering with them? Yes.
It was a short-term approach to marketing that they saw as making a splash and being disruptive, but far too many people who made the business model feasible pushed back against or actively ran from. It was not sustainable but that didn’t appear to bother them.
Note that I said “appear” – who knows what they really thought but frankly, appearances are nine tenths of the PR law.
The Harold Shipman furore was the straw that broke the camel’s back but the response from DeadHappy’s founder was tone deaf: “Being provocative is different to being offensive and it is of course never our intention to offend or upset people. It is our intention to make people stop and think. If however you have been personally distressed by this advert we do sincerely apologise.”
Communication is all about what the listener receives, not what you say. DeadHappy have learned that lesson the hard way.
A former business journalist, Greg Simpson is the author of The Small Business Guide to PR and has been recognised as one of the UK’s top 5 PR consultants, having set up Press for Attention PR in 2008.
He has worked for FTSE 100 firms, charities and start-ups and conducted press conferences with Sir Richard Branson and James Caan. His background ensures a deep understanding of every facet of a successful PR campaign – from a journalist’s, client’s, and consultant’s perspective.
See this column in the July issue of East Midlands Business Link Magazine here.
Hinckley & Bosworth Borough Council makes £80,000 available to boost rural businesses
Rural businesses and organisations are being invited to apply for grants by Hinckley & Bosworth Borough Council.
The grants could help them boost productivity, improve community buildings or to improve accessibility to tourist attractions and green open spaces that support local communities and businesses.
The scheme aimed at boosting the rural economy launched Round three of funding on Monday (8th July 2024) with around £80,000 of capital only funding available. Applications will be treated on a first come first served basis until all funding has been allocated.
The scheme, made possible thanks to £400,000 from Rural England Prosperity Fund in 2023, has been extremely popular and has already seen a wide range of businesses and organisations funded to make business performance improvements, purchase new machinery and vehicles and install energy efficiency measures.
Those eligible for the grant include businesses and local organisations that wish to invest in new technologies and equipment that increase productivity; protect and improve local historic buildings and tourism venues which can include new kitchens, energy efficiency improvements and cultural offerings; provide diversification outside of agriculture and develop local tourism attractions.
There are a range of grants available, with funds from £7,500 to £22,500. The grants also have an intervention rate of 75%, meaning businesses and organisations need only find a minimum of 25% of the total eligible project costs to apply.
Executive Member for Rural Affairs at the Borough Council, Councillor Martin Cartwright said: “We are delighted to be able to continue to offer these grants to support our rural communities and businesses, helping them to thrive especially given the challenging and difficult circumstances over the recent years.
“Due to the amount on offer, we are expecting these grants to be very competitive, so please apply straight away if you think you’ll be eligible. Our thanks to the Rural England Prosperity Fund for helping to make this possible.”
Nottingham City Council sets out plan to bring about improvements
Nottingham City Council has drawn up a blueprint for how it will become a financially sustainable, resilient and better run organisation.
The Council’s Improvement Plan, due to be discussed by its Executive Board on 16 July, addresses the issues and challenges which led to the Government’s appointment of Commissioners to oversee the authority. The Plan has been developed and agreed with the Commissioners and will guide the improvement required across the Council over the next 2 years.
Delivery of the Plan will result in a Council that looks, feels and operates significantly differently to the way it currently does. It will enable the Council to be:
- A Council that delivers for Nottingham with a clear direction and purpose – a clear vision and purpose will guide the transformation of the organisation, its budget strategy, workforce development, and future priorities for the city and its residents; and clearly explain how the council will deliver, enable and influence others to achieve those priorities.
- A Council that is financially sustainable – The Council needs to ‘live within its means’ and be able to deliver a balanced budget and sustainable financial plan. This will be attained through the delivery of credible savings plans, robust financial management, improved commercial practice, and a programme of capital assets disposal.
- A Council that is well run with effective people, processes and systems – The Council will continue to modernise how it operates and improve its productivity and operational efficiency so it can deliver to the best of its ability. This includes strengthening governance, making sure roles and responsibilities are clearly understood, and looking at how service delivery is supported and enabled by business processes and systems.
Over £17k raised by East Midlands business at annual charity football event
A provider of innovative technology solutions has helped raise over £17,000 in support of fundraising initiative The Transaid Cup.
Working alongside the charity and Libra Europe, 15 Microlise Group employees took to the pitch at Ilkeston Town F.C. to compete against 14 other industry teams.
The teams played against each other in a 7-aside format, with Dawsongroup going head-to-head with Brigade in the final match, stealing the crown with an impressive 3-0 victory. Other teams in attendance on the day included Blue Cube, Boughey, Goodyear, GXO, Iron Mountain, RHA, MAN, Libra Europe and Michelin.
Creed generously supported the event for a second year in a row, providing items for the tuck shop for team players to enjoy at the end of the day – including soft drinks, crisps, snacks and ice creams. All teams also provided a raffle prize up to the value of £50.
The money raised will go directly to international development organisation, Transaid, which helps to transform lives through safe, available and sustainable transport in sub-Saharan Africa.
The charity works closely with local communities, government agencies, and the private sector to develop sustainable transportation systems and advocate for policy changes that enhance mobility and improve road safety.
The Transaid Cup offered multiple avenues for participation, including team registrations, spectating, volunteering, and company sponsorship. Its JustGiving page is still open for donations.
Nadeem Raza, Microlise Group’s CEO, said: “Following the success of last year’s event, where we raised £15,000, we are delighted to extend our support for Transaid this year.
“Its dedication to increasing road safety and supporting the career development of drivers closely aligns with our own in-house values. We’re hugely proud of our team members for making the day a huge success and we’re looking forward to continuing to support such a worthy cause.”
Caroline Barber, Chief Executive at Transaid, added: “We are incredibly grateful to Transaid’s long-term corporate partner Microlise, for their generosity and support.
“It’s incredibly heartwarming to see the industry come together to support our charity, raising vital unrestricted funds which will enable us to save lives through our vital work in improving road safety in sub-Saharan Africa. The day was a great success!”
Head of BDO Midlands celebrates two years at the helm with new senior appointment
Accountancy and business advisory firm, BDO has added its Midlands Regional Managing Partner, Kyla Bellingall, to its new national Leadership Team.
The appointment follows the election of Mark Shaw as the firm’s new Managing Partner with both appointments effective from 1st October 2024. Kyla’s leadership team role will focus on regions, markets and sectors and she will continue as Regional Managing Partner in the Midlands.
Kyla has more than 25 years’ experience having joined the profession as a school leaver apprentice. She joined BDO as an Audit Partner in 2015 with a focus on developing a not-for-profit sector group in the Midlands. Prior to her appointment as Regional Managing Partner, Kyla was Head of Audit for the Midlands for two years, navigating the challenges of the COVID-19 pandemic and driving revenue growth of 75%.
Since taking on the position of Regional Managing Partner in July 2022, BDO’s Midlands practice has experienced strong growth including nine new partners and revenue growth of over 40%, with a team of over 500 people now working across its Birmingham and Nottingham city centre offices.
Commenting on her appointment, Kyla said: “After a wonderful two years of leading BDO’s Midlands team I am delighted to be taking on this additional role, ensuring we continue to champion our regional offices at the most senior level within the firm. I have ambitious plans for BDO’s Midlands practice with further investment planned for later in the year.
“The growth of our Midlands practice is a reflection of BDO’s growth as a firm overall. Our core market of mid-sized, ambitious and entrepreneurial businesses has demonstrated strength and resilience during a challenging economic period.
“I look forward to working with Mark and the new Leadership Team at an exciting time for BDO as we continue to support businesses across the UK, building on our heritage and looking to our future.”
Mayor meets Prime Minister for devolution talks
The Mayor of the East Midlands, Claire Ward, has been to Downing Street with the country’s regional mayors to meet Prime Minister Keir Starmer and Deputy Prime Minister Angela Rayner to discuss more powers and funding for the East Midlands.
Mayor Claire attended a high-level roundtable for UK Mayors as the government announced it was setting up a council for regions and nations to support a drive to loosen Westminster’s “tight grip” over big cities and regions.
The Prime Minister said: “I’m a great believer in the idea that those with skin in the game – those that know their communities – make much better decisions.”
The government has said it wants to give more power to the regions, recognising the part regions like the East Midlands have to play in delivering economic growth – a central pledge by the new government.
Mayor Claire said: “It’s the beginning of a new era for our villages, towns and cities. After years of languishing at the bottom of every funding league table, the East Midlands will finally get the investment it deserves. I wholeheartedly welcome the Prime Minister’s commitment to giving our communities more of a say on some of the most important issues.
“I think it’s significant that the roundtable took place so early in the government’s first week in charge. Both the Prime Minister and Deputy Prime Minister understand that mayors are uniquely placed to make the best decisions for the places we serve and know that we can lead the drive for growth across the country.
“It was, of course, a thrill to be in Downing Street and make the case for our great region. There are many challenges ahead, but I’m confident we’ll have great support from the government to make our region the best place to live, to work and to learn.”
Northamptonshire residential park home maker snapped up
Hull family business J.R. Rix & Sons Ltd has acquired a Northamptonshire residential park home maker to build on its holiday home and lodge portfolio manufactured by Victory Leisure Homes.
The company has become sole shareholder in Prestige Communities Group Ltd – parent company of well-known residential brand Prestige – for an undisclosed sum.
The move sees Rix Group enter the residential park home sector for the first time, after growing Victory Leisure Homes into one of the UK’s top holiday home and lodge manufacturers. The Prestige portfolio also offers an extended range of premium holiday and leisure homes, growing the Group’s presence and market share.
James Doyle, Managing Director of J.R. Rix & Sons, said the acquisition will bring stability to Prestige Communities Group, which has undergone several changes in ownership over recent years.
Mr Doyle said: “We’re delighted to complete the purchase of Prestige. I feel we are well positioned to support and invest further in the company ensuring it remains at the forefront of innovation in the park home and leisure space.
“The acquisition extends our product range into the residential park home sector and will enable us to build on the successes achieved by Victory Leisure Homes in the holiday park sector.
“We feel there is a good cultural fit with the people at Prestige which will be fundamental to the business’s future success and we look forward to working with Mitchell Comer and his management team.”
Mitchell Comer, CEO of Northamptonshire-based Prestige, said: “Following the restructuring in February, we have been seeking and discussing a long-term investor/owner proposition that would give Prestige a foundation to build upon, securing the legacy, but equally enabling funding and support for continued growth and innovation.
“J.R. Rix & Sons demonstrated a long-term vision, both for their group of companies, as well as Prestige, and during discussions it was clear we shared common values and aspirations.”
Global lubricant supplier lets 154,452 sq ft unit in Kettering
Prologis UK, an owner, developer and investor of logistics property, has leased DC4 Prologis Park Kettering to Mannol, a global lubricant supplier. The 10-year lease will support Mannol’s expanding UK operations.
Located in the prime logistics ‘Golden Triangle’, the 154,452 sq ft unit will provide the space required for Mannol’s future growth ambitions, with transport links to the M1, M6 and M11, as well as connections to coastal ports and rail hubs, for national and international distribution. Mannol will join household brands including CEVA, Argos and Specsavers at the Park.
Jevgenij Lyzko, Chief Executive Officer at Mannol, said: “As we continue to grow, we were in need of a larger unit to cater for our expanding operations. We chose Prologis UK as our trusted partner to provide this. DC4 Kettering offers a large, modern facility and has the benefit of great transport links to our distribution network and an array of welfare amenities for our workforce.”
In line with Prologis UK’s sustainability credentials, DC4 underwent a full refurbishment, including both the main warehouse and the office block, bringing the unit to an EPC A rating. The all-electric unit is fitted with warehouse LED lighting, sprinklers and racking allowing for immediate occupation.
Tom Price, Leasing Director at Prologis UK, said: “DC4, and Prologis Park Kettering, was the perfect fit for Mannol’s expanding operations. Originally built in 2007, we upgraded DC4 to meet the same high-quality standards of our current generation buildings in order to match customer expectations. The refurbishment programme also allowed for additional future proofing, for example the option to add in additional EV charging points as needed.
“We look forward to welcoming Mannol and watching the business grow and take advantage of all that the location offers.”
ILPP and Cushman and Wakefield acted for Prologis UK. Louch Shacklock acted for Mannol.
BRUSH Group opens multi-million-pound transformer test cell facility in Loughborough
Energy engineering solutions provider BRUSH Group has opened a multi-million-pound world-class transformer test cell facility at its transformer manufacturing facility in Loughborough.
The facility, housed in a huge former workshop at the firm’s Falcon Works in the Leicestershire town, will put newly built power transformers through their paces before being shipped out to BRUSH customers.
Key customer representatives joined BRUSH employees for the official opening of the test cell which features a high-voltage acoustic test area with 12-metre-high doors. From this new testing facility, BRUSH has the capability to conduct a comprehensive range of tests on its transformers.
With dedicated storage for up to four of BRUSH’s biggest transformer units, the facility allows the company to significantly increase its production capacity to meet the UK’s fast-growing demand for power transformers as the country gears up for decarbonisation.
Nicolas Pitrat, CEO of BRUSH Group, said: “We’re seeing rapidly increasing demand for power transformers from all segments of our customer base in the UK, from power networks operators and renewable energy producers to public infrastructure providers and commercial developers.
“Opening of our new world-class test cell here in Loughborough allows us to keep pace with that demand and play our part in the domestic supply chain, enabling energy producers and consumers to connect to the grid and accelerate towards net zero.
“I’m really proud of what the team at BRUSH has achieved with this latest investment, and especially pleased with our team of new engineering apprentices who have come on board to support our growth including operating the new test cell.”
East Midlands business activity growth slowest for six months
The NatWest East Midlands Growth Tracker – a seasonally adjusted index that measures the month-on-month change in the combined output of the region’s manufacturing and service sectors – posted at 50.8 in June, down from 52.3 in May, to signal only a marginal expansion in output at East Midlands firms.
Moreover, the pace of growth was the slowest in six months. Companies often noted that greater output was linked to backlog depletion, with new business contracting for the first time in 2024 so far.
East Midlands businesses signalled a renewed fall in new business during June, thereby ending a five-month sequence of expansion. The decrease in new orders was solid overall, and the fastest since November 2023. Anecdotal evidence suggested that the drop related to weaker client demand, with growing hesitancy among customers to place orders.
June data indicated further positive expectations regarding the outlook for output over the coming 12 months at East Midlands firms. Companies stated that investment in new products and service lines, alongside hopes of a stronger sales environment buoyed business confidence. The degree of optimism was below both the long-run series and UK averages.
Dipesh Mistry, Chair of the NatWest Midlands and East of England Regional Board, said: “The East Midlands private sector continued to see growth midway through the year, as output rose further. That said, there was a loss of momentum as new business returned to contraction for the first time this year so far. Customer hesitancy is not expected to last, however, as businesses foresee greater activity levels over the coming year.
“Nonetheless, firms adjusted their workforce numbers downwards amid muted demand conditions and as spare capacity built, with backlogs of work falling at the sharpest pace in nine months.
“Meanwhile, inflationary pressures picked up in June. Higher raw material and wage bills spurred renewed momentum in cost and charge increases, with rates of inflation broadly in line with long-run averages. Although input prices rose at a sharper pace than the UK average, the pace of output charge inflation was more muted than at the UK level amid efforts to drive new sales across the region.”
Performance in relation to UK
The rate of expansion in output was weaker than both the long-run series and UK averages.
Meanwhile, new orders contracted at the joint-fastest pace of the 12 monitored UK regions (alongside the East of England).
East Midlands companies signalled a further substantial rise in operating expenses midway through 2024. The pace of inflation quickened from May. Higher input costs were commonly linked to greater raw material prices, including for metals.
The pace of increase in input prices was sharper than the UK average.
East Midlands businesses indicated a sharper uptick in selling prices in June, with the pace of inflation accelerating from May. The rate of increase was broadly in line with the long-run series average despite being softer than the UK trend. Companies often noted that the pass-through of greater costs to customers drove the latest uplift in output charges.
East Midlands private sector companies recorded a twelfth successive monthly decrease in workforce numbers midway through the year. The pace of job shedding accelerated to the sharpest since November 2023 and was solid overall. The region was one of only three to register a decline in employment (others were the South West and West Midlands) in contrast with the UK trend which signalled a fractional uptick in headcounts.
East Midlands private sector firms registered a further decrease in outstanding business in June, thereby extending the current sequence of decline seen since October 2022. The pace of contraction quickened to the fastest since last September and was sharp overall. Panellists noted that lower backlogs of work were due to reduced new orders and sufficient capacity.
The rate of depletion was stronger than the UK trend, with only Yorkshire & Humber, the East of England and Wales seeing steeper declines.
Lomond continues aggressive growth strategy with acquisition of East Midlands estate agent
Lomond has further expanded within the East Midlands region, with its 58th acquisition of Acquire Sales and Lettings, an agent with a presence in Derby, Burton and Chesterfield.
The East Midlands property market has performed strongly in recent years, with house prices climbing by 15.1% in the last three years, outperforming the UK benchmark in the process, while rental values have also climbed by 20%.
Such is the strength of the region’s property market that it has become a key area of focus for Lomond, as the firm continues to execute an aggressive growth strategy that has already seen four acquisitions complete within the East Midlands region.
Lomond previously acquired the Nottingham and Derby lettings book of Royston and Lund, swiftly followed by the significant rental portfolio of Centrick and Nottingham based agent Tassi Sales and Lettings.
Its latest acquisition of Acquire Sales and Lettings brings further investment to the East Midlands region and will add some 700 properties under management to Lomond’s John Shepherd brand.
The already established business will now operate under the John Shepherd brand, guided by Chief Exec Richard Crathorne.
However, Crathorne has been quick to pile praise on his senior team – Operations and Property Management Director Chris Blick, Lettings Director Jack Spellman and Sales Director Katie Ridley – all of whom have been pivotal in shaping the journey of the John Shepherd brand to date, and who remain an integral part of the brand’s future growth ambitions.
Chief Executive of John Shepherd, Richard Crathorne, said: “The East Midlands has been a key area of focus with regard to the expansion of the John Shepherd brand and my senior team have been key in realising the ambitions of the business to date.
“We’ve been on quite the journey and, with the string of significant acquisitions made of late, it’s fair to say that we’re only just getting started.
“We’re extremely excited to welcome the team at Acquire Sales and Lettings to the John Shepherd brand and the wider Lomond family and we look forward to further establishing the brand amongst buyers, sellers, landlords and tenants across the East Midlands.”
Lomond CEO, Ed Phillips, said: “Our latest acquisition of Acquire Properties sees us procure yet another top quality business within the East Midlands area and this will only help fuel the momentum that our John Shepherd brand is building across the region.”
