Light Science Technologies sees significant progress with “strong revenue growth” and “healthy committed order book”

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Light Science Technologies sees significant progress with “strong revenue growth” and “healthy committed order book”

Derbyshire-based Light Science Technologies Holdings (LSTH), comprising three divisions: controlled environment agriculture (CEA); contract electronics manufacturing (CEM) and passive fire protection (PFP), has hailed “significant progress” in a trading update for the six months ended 31 May 2024.

Revenue for the period is anticipated to be £5.2m, up by approximately 19.3% year-on-year, with consistent growth through all divisions of the business.

Meanwhile, trading is expected to be reported as EBITDA positive (H1 2023: £494,000 EBITDA loss), with comparative group net losses for the period more than halved to £334,000 (H1 2023: loss of £809,000), resulting from an increasingly strong-margin sales mix. During the period, the business focused on continuing solid momentum achieved during FY 2023, with new orders secured across all three divisions and the firm’s commercial development and pipeline progressing strongly. The group’s total quoted sales pipeline currently amounts to over £47m, with a committed orderbook currently worth nearly £5m.

Simon Deacon, Chief Executive Officer at LSTH, said: “LSTH entered the period with a strong platform for growth and a realigned cost base having successfully navigated considerable global pressures.

“I am delighted to say that from that base we have seen significant progress – with strong revenue growth and a healthy committed order book, which is expected to increase in the coming months, currently worth nearly £5m, underpinning our goal of becoming an operationally self-funded, cash backed, group.

“As such, we are delighted to see a further reduction in losses, with the Company expected to report a positive EBITDA during the Period, for the first time in its history.

“The addition of Dr Graham Cooley and Richard Mills to our Board has given us an enormous pool of experience from which we can draw and has already had an impact on both our sales pipeline and corporate activity.

“In conjunction, we’ve seen improving performances across our divisions. PFP is now adding meaningful revenues, CEM has expanded into new markets, and CEA is strengthening through international partnerships and Tomtech revenues, more of which will also be recognised in H2.

“We aim to continue this trend and build on the strong start we’ve seen to the second half of our financial year. The Board expects to see continued momentum in PFP and CEM, and further international expansion of the CEA division.”

Panthers partner with Nottingham Trent University

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Panthers partner with Nottingham Trent University
A new partnership between the Nottingham Panthers and Nottingham Trent University will see Panthers players attend Nottingham Business School (NBS) to study a postgraduate degree.
NBS holds three globally recognised hallmarks of excellence and quality for business education, from EQUIS, AACSB and AMBA, putting it in the top one per cent of business schools in the world.
Panthers CEO, Omar Pacha, said: “We are very proud to be linking-up with Nottingham Trent University. It is a top-class university and Nottingham Business School is known throughout the world.
“We’re very lucky to have them in Nottingham and they put our city on the map. At the Panthers, we understand the value of being ambassadors in the city and it was important to team-up with someone who shares the same values and has a base in Nottingham.
“Having this deal with the University is a great tool in attracting high-calibre players to the Panthers. It’s great to have Hugo (Roy) and Matt (Spencer) as the first two players on courses at the Nottingham Business School.
“I have been lucky enough to visit the University and the facilities are simply outstanding. It’s clear that it’s a great environment for students to study in. I’d like to thank Baback and the team at Nottingham Business School for making this possible and we look forward to working with them very closely.”
Executive Dean of Nottingham Business School, Professor Baback Yazdani, said: “We are looking forward to welcoming Panthers’ representatives to NBS where they will each receive a personalised learning experience tailored to their ambition.
“Our triple crown accreditation means that they will enter the next stage of their career with a qualification which is internationally recognised as excellent and they will be acknowledged by employers as top talent in business as well as ice hockey.”

Loughborough University partners with MIT’s Center for Transportation and Logistics in UK first

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Loughborough University partners with MIT’s Center for Transportation and Logistics in UK first
Loughborough University has partnered with the Massachusetts Institute of Technology’s Center for Transportation and Logistics (MIT CTL) to be the first UK member of its Global Supply Chain and Logistics Excellence (SCALE) Network. The union will offer an exclusive Master’s degree program for hundreds of students each year, with time divided between both Loughborough and Massachusetts, in the United States. The centre itself will focus on research and working with industry and will join the established SCALE Network which is already operating around the world in countries such as Spain, Luxembourg, China and Colombia. Professor Jan Godsell, Dean of Loughborough Business School, said: “The UK is a small island so we have to think very carefully about how we ensure everybody in our country has access to the things that they need, when they need them, at a price that they can afford. “The centre will be the go-to place to develop the next generation of supply chain talent. “We’re bringing our expertise, particularly around the circular economy and also digitisation – and at its core is a flagship MSc program in supply chain, which involves time in Boston at the Massachusetts Institute of Technology (MIT) and an MIT certificate as well as a Loughborough degree.” Loughborough’s Vice-Chancellor Professor Nick Jennings added: “Our partnership with MIT CTL really helps put us on a global stage – it’s a great partnership with a world-class university.” The endeavour marks a significant expansion of the network, an international alliance of leading research and education centres dedicated to driving supply chain and logistics innovation through global collaboration. With the inclusion of Loughborough University, the MIT Global SCALE Network now comprises six Centres of Excellence across four continents. These centres pool their expertise and collaborate on research projects that address real-world supply chain and logistics challenges, helping companies worldwide navigate an increasingly complex business environment. “Loughborough University’s exceptional research capabilities and commitment to supply chain innovation make it a valuable addition to the MIT Global SCALE Network,” said Professor Yossi Sheffi, Director of MIT CTL. “Their expertise will enhance our collective ability to create cutting-edge solutions and educate the next generation of supply chain leaders.” Loughborough University will join the network alongside existing centres: MIT CTL, the Zaragoza Logistics Center (ZLC, Spain), the Center for Latin-American Logistics Innovation (CLI, Colombia), the Luxembourg Centre for Logistics and Supply Chain Management (LCL), and the Ningbo China Institute for Supply Chain Innovation (NISCI). The four university centres (MIT, ZLC, LCL, and NISCI) offer their own master’s programs, while CLI offers a Graduate Certificate in Logistics and Supply Chain Management (GCLOG). Together, these centres offer a comprehensive curriculum in supply chain management, fostering a global community of bold thinkers from both industry and academia. “Joining the MIT Global SCALE Network is a tremendous opportunity for Loughborough University,” said Professor Ken Lee, Director of Postgraduate studies at Loughborough Business School. “I am particularly excited at the opportunity for our students to experience the unique MIT culture and interact with inspiring faculty and research during their time in Boston.” The MIT Global SCALE Network was established in 2003 with the inauguration of the Zaragoza Logistics Center in Spain. Since then, it has expanded to include centres in Colombia, Luxembourg, China, and now the United Kingdom. The network supports over a dozen educational programs, engages more than 80 researchers and faculty, partners with 150 corporations, and boasts an alumni network of over 1,200 professionals worldwide. Organisations partnering with the MIT Global SCALE Network gain access to expertise, innovative research, and a unique forum for knowledge exchange, while the network’s centres and students benefit from rich industry engagement and collaborative opportunities.

Entrepreneurs win place on innovative accelerator programme

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Entrepreneurs win place on innovative accelerator programme
Eleven potential new East Midlands businesses are a step closer to becoming reality after being chosen to join the first VentureVersity Commercial Accelerator. VentureVersity is an initiative aimed at accelerating pathways for the development of university-generated intellectual property (IP) and ideas across the University of Leicester, Loughborough University, and De Montfort University. The programme has been funded by Research England’s Connecting Capability Fund, with a £330k grant. The eleven VentureVersity finalists will have access to seed investment and will benefit from a five-month intensive accelerator programme led by entrepreneur and coach Denis Oakley and Leicester Start-Ups to help them develop their business idea. The first successful VentureVersity Accelerator projects span; Education 1. Building Resilience in Children (BRIC): an online and in classroom resource equipping parents, educators, & caregivers with the necessary tools, knowledge and strategies to help children build resilience 2. An online assessment tool to audit educators’ awareness of dyscalculia 3. Automating Individual Assessment Feedback (INDAF) Health technology  4. EnHANCE: a nonconventional system that eliminates pathogens to deliver clean indoor residential and industrial environments sustainably 5. LUCID: Concussion Identification App 6. Healthcare Team Observations for Patient Safety (HTOPS) Agriculture, forestry & fishing 7. LiquidGold: Next generation environmentally friendly, non-toxic and biodegradable carp health care product for angling and ornamental markets Research 8. ValidateLabs: Validation data Processor Water Utilities 9. e-Favor: an AI powered water leakage detection and localisation platform solution 10. EcoSENSE: Real-time monitoring of water systems Manufacturing 11. Laser guided disc punch innovation advancing battery manufacturing William Wells, Deputy Director of the Research & Enterprise Division at the University of Leicester, said: “The VentureVersity programme has already surpassed our expectations, training 26 dynamic teams and selecting 11 promising projects to advance to the next stage. We are immensely grateful to all participants, whose innovative spirit and dedication have laid a strong foundation for future success. “As we move forward, these projects will benefit from targeted mentorship, hands-on workshops, exposure to investors and, potentially, seed capital, driving their transformation into impactful real-world solutions. This next phase promises to invigorate our regional innovation ecosystem, fostering new products, services, and businesses that will contribute to the prosperity of Leicester and Leicestershire.” Professor Mike Kagioglou, Pro Vice-Chancellor Research, Business and Innovation at De Montfort University said: “VentureVersity has provided an opportunity for all three of Leicestershire’s universities to work together to support the commercialisation of research that will benefit the economy and society. DMU’s projects range from an innovative real-time monitoring of water leaks that could save companies millions to improving lithium battery manufacturing and building resilience in young people. “We were hugely impressed with the quality of applications from across the three universities to be part of the programme, and wish all 11 final project teams the very best of success. We look forward to following their business journeys over the next six months.” Professor Dan Parsons, Pro Vice-Chancellor for Research and Innovation at Loughborough University, said: “Our initiative, VentureVersity provides a unique opportunity to contribute to regional growth and cultivate entrepreneurial success. “From developing advanced multi-sensing technologies to combat climate change and pollution to creating an innovative portable smartphone app for measuring concussions, these projects are driving innovation that will lead to meaningful advances, enrich people’s lives and create better futures. “I would like to personally congratulate the 11 finalists and look forward to seeing these innovations develop over the coming months.” VentureVersity was launched in November 2023 as part of the Leicester Business Festival. It kicked off with three mixer sessions, one held at each university, to enable academics/researchers to come together with businesses and students to pitch their IP/ideas. More than 200 people came along to the events, and a total of 38 proposals were pitched by researchers and academics. From the 38 proposals, 26 teams completed a pre-accelerator training programme of workshops, mentoring and 1-2-1 support run over eight weeks. The pre accelerator culminated with all pitching for a place on the accelerator and seed investment. Of the 26 ideas, the judges chose the final 11 winning ideas. VentureVersity harnesses the resources and support from each university and in addition provides resources, including seed capital, to catalyse the IP commercialisation process, including activities such as market research, business planning, technology and market development. The implementation and achievements of the model will be evaluated and recorded to create a scalable framework that can be deployed nationwide.

Property developer makes raft of acquisitions

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Property developer makes raft of acquisitions
Midlands-based property developer and asset manager, Rotherhill Developments, has made a number of acquisitions in the first half of 2024. Sites purchased include industrial premises across Nottinghamshire, Rugby, King’s Lynn, Barnsley and Leicestershire; the acquisitions have been opportunistic, and have broadened the geographical reach of the business. Of the six sites, five are income producing with short to mid-term lease events and present Rotherhill with asset management opportunities. The premises in Rugby are currently vacant. Rotherhill have now placed a build contract in excess of £1m to future-proof the premises. Commenting on the first six months of the year, owner, Paul Bagshaw said: “It’s been a busy period for us having recruited Stuart Waite from Commercial Property Partners, promoting Ed Jeffrey to Director in recognition of all his hard work over the last five years, and in addition, managing to acquire six assets totalling some £15m with our long-standing partners and funders. “The assets purchased have widened our geographical spread from King’s Lynn to Yorkshire and the lot sizes have been in our traditional ‘sweet spot’ of £1m to £5m.”

Lincolnshire radiator firm acquired in seven-figure deal

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Lincolnshire radiator firm acquired in seven-figure deal
Brand K Group, one of the largest suppliers of radiators and bathroom equipment to independent merchants and showrooms, has acquired Lincolnshire-based Paladin Radiators in a seven-figure deal. The acquisition is the seventh in the past five years for Brand K Group and marks a further step towards its ambition to become a UK leader in the HVAC and bathroom sector. Paladin will continue to operate under its existing brand, while shareholders Dean Chughtai and Gareth Charles will remain with the business and continue to lead its growth. Paladin is an independent producer of traditional cast iron radiators, supplying direct to retailers and installers. All its products are assembled and finished in Britain and it has its own dedicated foundry. Based in the hamlet of New York, the company was founded 30 years ago and now employs 26 people. Brand K Group, which is based in Bedford with operations in Wigan, Leeds, Willenhall, Hull and Tewkesbury, was established in 2008 by Alex Norford. It now employs more than 750 people and turns over in excess of £163m. Kartell UK was the first company in the group and remains the largest distributing radiators and bathroom fixtures and fittings under the K-RAD and K-VIT brands, however since 2019 the group has acquired a series of UK-based manufacturers including Just Trays, Vogue UK, Summerbridge and MX Group. Alex Norford, CEO of Brand K Group, said: “I am delighted to welcome Dean, Gareth and their team to the group. We’re excited to have acquired another of the most respected brands in the UK radiator market and to expand further our offering to the heritage and design-led home improvement sectors. “Paladin is a business that combines the best of traditional design and innovation in a single product range; we’re looking forward to helping them continue their growth story.” Paladin’s turnover has doubled since Dean Chughtai and Gareth Charles acquired the business from the original founders in 2017. Dean Chughtai said: “When Gareth and I first began leading the Paladin business, we saw an opportunity to grow an innovative business delivering quality products direct to consumers, whilst also being well-respected by the professional market. “Thanks to the team at Paladin, we’ve achieved all of that and are very pleased to see the business well-positioned to continue on its path of success moving forwards.” Gareth Charles added: “In Brand K Group, we’ve found the perfect home for Paladin. Alex and his team have a deep understanding of the UK radiator market and offer the business a great opportunity to expand and develop even further. “Dean and I are grateful to the team at Paladin for their hard work in more than doubling the turnover of the company during our tenure and we are personally very pleased to see this investment supporting the continued growth of this customer-focused business.” Harry Walker and Fahim Kassam from the Midlands office of Dow Schofield Watts (DSW) provided corporate finance advice to Brand K Group. Harry Walker, partner, has also advised Brand K on six previous acquisitions. Harry said: “Under Alex’s leadership, Brand K has gone from being a start-up to one of the largest suppliers in the UK, and its acquisition strategy has been a key part of its growth story. “Paladin is another excellent addition to its existing stable of high-quality British manufacturing brands. We look forward to working with Alex and the team in the future to help them pursue their ambitious growth strategy.” A team from Fladgate led by Cem Usten and Ravi Goonesena provided legal advice to Brand K, with financial due diligence provided by a team led by Paul Kithoray of Cortus Advisory. The shareholders of Paladin were supported by a legal team from Hegarty Solicitors led by Andrew Heeler and received finance support from Mark Bradshaw of Streets Accountants. Shawbrook Bank provided Kartell with increased facilities to finance the acquisition of Paladin and were advised by a team from Shoosmiths LLP, led by Jon Bew.

New CEO and senior staff promotions for Nottingham Venues

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New CEO and senior staff promotions for Nottingham Venues
Nottingham Venues has made a series of promotions within its senior team, including the creation of a new CEO role. Tom Waldron-Lynch has been appointed to the new position of Chief Executive Officer (CEO) of Nottingham Venues. He joined the business as General Manager in 2017, when it was part of DeVere group and has been pivotal in navigating the team through its successful transition over the last five years. More recently, Tom has also taken on increased responsibilities outside of Nottingham Venues. He is a board member for the place marketing organisation for Nottingham and Nottinghamshire, Marketing Nottingham, and is focussed on raising the county’s profile as one of the UK’s leading business and leisure destinations. The new position of CEO is reflective of Tom’s work to date and the future role he will play in ensuring the future success of Nottingham Venues and in continually raising the profile of the company across the city. In addition to the new CEO, current Operations Manager, Kerry Pritchett has been promoted to Hotel Manager at the Jubilee Hotel and Conferences, and Orchard Hotel Manager, Peter Bartlett, has become General Manager Orchard Hotel and East Midlands Conference Centre (EMCC). The new titles demonstrate their respective roles and responsibilities following the recent enhancement of the facilities within both the Jubilee Campus offering and the East Midlands Conference Centre. Tom Waldron-Lynch, CEO of Nottingham Venues, says: “I am pleased that the hard work of my colleagues Peter and Kerry has been recognised and I am sure they will both be instrumental in the future development of Nottingham Venues. I am excited about the future of Nottingham Venues and look forward to the company playing an important role in supporting the growth of the visitor economy in Nottingham and Nottinghamshire.”

Logistics real estate developer acquires 65-acre site on Nottinghamshire/Yorkshire border

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Logistics real estate developer acquires 65-acre site on Nottinghamshire/Yorkshire border
Panattoni, the logistics real estate developer, has acquired a 65-acre site on the Nottinghamshire/Yorkshire border with planning consent for over 1.2 million sq ft. The two phase development, called Panattoni Central A1(M), by junction 34 of the A1(M), has been acquired from Mulberry Developments in an off-market deal. Panattoni will commence construction of what it says will be the largest-ever speculative logistics unit in the North of England, a building of 770,000 sq ft, in the autumn. Practical completion is expected in September 2025. Panattoni is targeting net zero carbon development, an EPC rating of ‘A’ and BREEAM ‘Outstanding’ sustainability rating. The cross-docked unit will benefit from 18m eaves, 55m service yards, EV van and car charging and 15% rooflights. Winvic Construction has been appointed as the contractor. The remaining 27-acre plot, which already benefits from reserved matters planning consent for a 461,000 sq ft building, will initially be marketed on a build-to-suit basis. Dan Burn, Head of Development North West & Yorkshire at Panattoni, said: “This is a fantastic opportunity for us to acquire a prime logistics site in an established location by the A1(M). The development provides us with the opportunity to capitalise on the dearth of supply of XXL units across the country.” Panattoni was advised by Cushman & Wakefield and Mulberry Developments was advised by M1 Agency.

Mather Jamie graduate achieves Chartered Surveyor status

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Mather Jamie graduate achieves Chartered Surveyor status
Mather Jamie’s Fraser Hearfield has achieved the status of Chartered Surveyor after successfully passing the Assessment of Professional Competence (APC). Fraser joined the business’s commercial team in July 2023, bringing with him valuable experience from his previous tenure. In his role at Mather Jamie, Fraser is involved in transactional agency instructions spanning industrial, office, retail, and investment sectors across Leicestershire. As well as undertaking professional work including rent reviews and lease renewals. Robert Cole, Managing Director of Mather Jamie, said: “Fraser’s journey to becoming a Chartered Surveyor is a testament to his unwavering commitment. The APC is a tough process, and I am delighted his hard work and determination has paid off with a first time pass. At Mather Jamie, we take pride in nurturing talent, and Fraser’s accomplishment underscores our dedication to supporting young surveyors in their professional growth.” The APC is a formal assessment, following a two year on the job training period to ensure surveyors have the professional competence required to achieve chartership. The final assessment includes a written submission, a case study and an intensive interview. Mather Jamie has a strong track record of guiding candidates through this demanding process, recognising the importance of investing in the development of future surveying professionals for the continued success of the business.

Should you soundproof your home office?

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Should you soundproof your home office?
In our post-pandemic lives, the benefits of remote working have somewhat lost their novelty and become commonplace for a variety of professional workers. Even so, maintaining a peaceful atmosphere that breeds good productivity and positive well-being remains difficult – especially during school holidays and when dealing with noisy neighbours. Remote working seems like it’s here to stay, so it might be time to make some changes to your home office space to make sure you’re getting the most out of your day. This guide – written by wall soundproofing specialists Acoustic Shop – explores the importance of soundproofing your office space, as well as offering some advice on how you can reduce noise, turning your workspace into a haven for productivity.

The Importance of Soundproofing

Noise, distractions and general disturbances can be detrimental to your concentration, causing frequent interruptions that break up your workflow. In fact, some studies suggest that background noise can reduce productivity by as much as 66%, leading to higher stress levels and lower job satisfaction. In contrast, a quieter work environment can lead to improved focus, better communication, and a more harmonious work day. Whether it’s sound coming from inside your home, from your neighbours or the streets outside, there are a few effective ways to prevent noise from getting into – or escaping from – your home.

Effective Soundproofing Techniques

Acoustic Panels

Acoustic panels are one of the most effective ways to reduce noise. These panels absorb sound waves, preventing them from bouncing off walls and ceilings. They come in various designs and colours, making them a versatile option for any home décor. Installing acoustic panels is straightforward: place them strategically on walls and ceilings where sound tends to reflect the most.

Soundproof Curtains and Blinds

Soundproof curtains and blinds are an excellent addition to any space, as they not only block out external noise but also provide thermal insulation, helping to maintain a comfortable temperature. When selecting soundproof curtains, look for thick, multi-layered fabrics. Installation is simple: hang them as you would regular curtains, ensuring they cover the entire window area for maximum effectiveness.

Carpeting and Underlays

Carpeting and underlays can significantly contribute to reducing noise, and thick carpets with dense fibres are ideal for absorbing sound. Underlays add an extra layer of insulation, further enhancing the soundproofing effect. When installing carpets, ensure they cover as much floor area as possible, including “high-traffic” zones.

Soundproofing Doors and Windows

Doors and windows are the most common “zones” for noise to bleed into (and out of) a room. Upgrading to solid core doors can dramatically reduce sound transmission, and adding door sweeps and seals further prevents noise from seeping through gaps. For windows, consider double-glazing, which provides an additional barrier against external noise. Proper installation is crucial to ensure these solutions are effective.

White Noise Machines

White noise machines can be a cost-effective way to mask background noise. These devices don’t eliminate noise, but instead emit a consistent sound that can help drown out distracting noises. This builds a more consistent environment of sound, making other noises less noticeable.

DIY Soundproofing Tips

For those looking for simple, cost-effective solutions, several DIY soundproofing methods can help. Using bookshelves as barriers can block noise and add a decorative touch to the office. Adding rugs and wall hangings can also help absorb sound. Rearranging your furniture to create natural sound barriers can further reduce noise levels. On the subject of furniture, items of furniture covered in soft materials (like upholstered seating) can absorb sound waves, contributing to a quieter environment. Large potted plants also help absorb and diffuse noise, and they can be strategically placed near noisy equipment or between workspaces to enhance sound absorption.

Conclusion

A quieter home office environment can lead to better concentration, increased productivity and a less stressful work day. It’s not difficult to get started, and since it seems many roles are now at least part or even fully remote, it might be time to upgrade and make your space as productive and comfortable as possible. Why not start with a few pot plants and work your way up from there?

Firm focus on South Derbyshire manufacturing at Support and Grow business event

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Firm focus on South Derbyshire manufacturing at Support and Grow business event
South Derbyshire manufacturers are being invited to learn more about decarbonisation grants, other funding opportunities and wider business support at an event dedicated to their sector, taking place at South Derbyshire CVS in Swadlincote on 16th July. The Support & Grow breakfast event, being delivered by East Midlands Chamber as part of the Accelerator project, will assist manufacturers in finding out about the support they can tap into both locally and nationally to accelerate their growth. Opportunities include digitisation through a Made Smarter grant, improving energy efficiency through decarbonisation grants and a fully funded energy audit, and enlisting the support of a digital skills coach. South Derbyshire business Devtank, a manufacturer of test and measurement solutions, will share its own story of growth and how this has been expedited by Chamber support and grant funding. East Midlands Chamber Head of Business Support Services Paul Stuart said: “Our role at the Chamber is to help businesses navigate the funding landscape and to access the right support for the right project at the right time. “Devtank, which celebrates its tenth anniversary this year, is a perfect example of how such targeted support can help a business flourish. The Accelerator project, funded by the UK Government through the UK Shared Prosperity Fund, is an effective gateway into accessing such support.” One of the Chamber’s Digital Transformation Specialists, David Dobson, will also present on how the national Made Smarter programme can help businesses improve their competitive edge and East Midlands Manufacturing Network Adviser Deborah Rogers will be outlining the benefits of free membership to the Chamber’s dedicated manufacturing network.

NET raises more than £1,000 for local charity as it ‘walks the network’

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NET raises more than £1,000 for local charity as it ‘walks the network’
Nottingham Express Transit (NET) has raised more than £1,000 for local charity, Nottingham Central Women’s Aid, by walking the entirety of its 12.4-mile extensive tram network. A group of 35 people from NET’s team including tram drivers, safety and support staff and ticket agents took part in the 12.4 mile sponsored ‘walk the network’ challenge to help raise vital funds for the organisation’s chosen charity, which aims to protect women and their children who have encountered domestic abuse. The walk, which was organised as part of NET’s 20th anniversary celebrations, started at the Hucknall tram stop. From here, the team travelled on foot past notable Nottingham landmarks and tram stops such as Royal Centre, The Forest and Meadows Embankment before concluding at Clifton South park and ride, where the team were met with a crowd of supporters and medals to celebrate the achievement. Rebecca Horne, business engagement manager at NET, said: “Our tram network is a core part of Nottingham’s landscape. As such, we are always looking for ways to help our vulnerable population in need of support and Nottingham Central Women’s Aid is a key example of this, as it continues to carry out pivotal work to support those who need it in our city. “Each year, our chosen charity is decided through nominations from our team. This year, we had more than 10 incredibly worthy nominees before a decision was made through voting. While Nottingham Central Women’s Aid is our main charity in 2024, we will also be supporting a number of other charities close to our hearts as we continue with our charity initiatives throughout the year.” Following the ‘walk the network’ challenge, NET’s fundraising efforts will continue into 2024 as part of NET’s wider commitment to support communities within Nottingham. Alongside the charity work, this also includes ongoing partnerships with community groups such as The Pythian Club, which aims to reduce and provide education on anti-social behaviour across Nottingham’s trams and beyond. To donate to and support NET’s fundraising efforts for Nottingham Central Women’s Aid, go to https://www.justgiving.com/page/netcharity2024

East Midlands Freeport accelerates plans for growth as talks take place with potential investors

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East Midlands Freeport accelerates plans for growth as talks take place with potential investors
East Midlands Freeport is actively talking to a number of potential national and international investors as it accelerates its plans to unlock the potential for tens of thousands of new jobs in the region. Launched last year, the Freeport has set up three ‘tax sites’ where there are lower tax rates aimed at speeding up business investment, job creation and economic growth. The three sites cover around 1,300 acres of land – more than twice the size of London’s Olympic Park:
  • East Midlands Airport Gateway & Industrial Cluster is alongside the UK’s largest dedicated express airfreight airport and the rail freight-connected East Midlands Gateway logistics park.
  • East Midlands Intermodal Park, next to the Toyota manufacturing plant just outside Derby.
  • Ratcliffe-on-Soar Power Station site: where owner Uniper has a vision to transform the site of the UK’s last coal-fired power station into a destination for zero carbon technology and energy.
The Freeport is looking to secure investment from global investors active in sectors where the East Midlands has established strengths, such as automotive, aerospace, advanced logistics and clean energy. While it is in only the second year of a 25-year programme, it has now revealed that advanced talks are taking place with potential investors at two of the three sites. Chief Executive Tom Newman-Taylor said: “With our partners, we’ve set ourselves four clear priorities for the year ahead – to get our organisation match-fit for success, build trust with everyone we work with, attract sustainable investment and help our region meet its long-term challenges. “There is already significant interest to invest and expand at the Freeport’s three sites and I’m confident that we will be able to make an investment announcement by the end of the year.” Working with private sector partners, local councils and universities, the Freeport is also supporting investment in the region’s economy by putting some of its own funding into programmes which will raise people’s skills and drive research into clean energy technologies that are important to its sites and businesses who might set up in them. Detailed analysis suggests that the Freeport’s sites have the potential to support the creation of tens of thousands of jobs and add around £9 billion to the value of the East Midlands economy over the next 25 years. The Freeport will also directly reinvest more than £1bn in the region from additional taxes that it generates. While the Freeport’s team has already been talking to potential investors, it will be raising its profile nationally and internationally at events attended by global businesses from its key sectors. Tom added: “As a Freeport, we’re able to offer businesses that meet our criteria some significant incentives that will help them set up faster and accelerate their growth and that of the regional economy. “Our strategy is to seek investment that adds value to the East Midlands. We’re looking for businesses who are a good fit with our sites and the regional economy, which has major strengths in sectors like automotive, aerospace, advanced logistics and clean energy. “Alongside this, we’re developing plans to ensure local people have skills that meet the needs of our industries into the future, and we will be placing an increasing emphasis on growth that’s sustainable – with direct investment in research that will help our sites and our businesses reduce their environmental impact as they grow.” Later this year, it will be joining the University of Nottingham and Loughborough University to mark the opening of a new zero carbon innovation centre that will develop the technologies needed to decarbonise transport industries. Professor Chris Gerada, lead for strategic research and innovation initiatives at the University of Nottingham, said: “Through the Freeport’s £5.8m investment, our two universities can accelerate the development of zero carbon technologies, attracting global industries and bringing regional economic prosperity. “Our open-access innovation centre will help power future transport, harnessing the region’s strengths to create globally competitive industrial solutions in electrification, hydrogen propulsion and advanced manufacturing.”

Northamptonshire manufacturer sold to Swedish company

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Northamptonshire manufacturer sold to Swedish company
Spraylat International has been sold in a cross-border deal to Bergman & Beving (B&B). Spraylat is a Corby, Northamptonshire based manufacturer and distributor of temporary protective peelable coatings across a range of sectors. The company manufactures and sells temporary protective peelable coatings for windows primarily in new constructions and renovations. Half of Spraylat’s turnover is generated in the UK, and the remaining sales take place worldwide. A partner-led advisory team from PKF Smith Cooper Corporate Finance consisting of Darren Hodson, Josh Gurton and Lauryn Mayson provided sell-side advice to the shareholders. The PKF team led a full sales process, identifying B&B as a suitable buyer for the business. B&B is a Swedish public company comprising approximately 30 companies generating a total revenue of £375 million in 25 countries across the globe. The board of B&B view Spraylat as having good growth opportunities and strong “technical know-how.” Spraylat will be part of the Division Core Solutions as of 1st July. Andrew Keir, Managing Director of Spraylat International Limited, said: “Darren and his team were excellent throughout the deal, helping us identify Bergman & Beving as the right partner, and supported us each step of the way to navigate this complicated cross-border deal. They provided invaluable insights throughout the deal.” Darren Hodson, Corporate Finance Partner at PKF Smith Cooper, said: “Spraylat has developed innovative products that have world-wide relevance. The deal with Bergman & Beving will secure investment into the business that will ultimately drive further growth. It’s great to see Midlands businesses continuing to secure international investment.” Andrew Cowan, Partner and Head of Corporate for Gateley Legal in Birmingham, who provided legal support, said: “It has been great working with Spraylat and its shareholders on this cross-border deal. Bergman & Beving seems to be the perfect home for Spraylat’s niche product range and its exciting growth opportunities.”

Work begins on transformation of iconic pub site

Tess Egginton
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Work begins on transformation of iconic pub site
Work has started on the £1.5 million transformation of the former site of Lincoln’s famous Golden Cross pub, which closed in 2020. Following the recent demolition of the old pub, the Gelder Group has embarked on a special housing project, after being awarded a contract by Framework Housing Association. Although the building site is quite small, the Young People’s Learning Provision (YPLP) – which is part of the county council’s Children’s Services – has kindly allowed the company to park site traffic on their land. This has removed the need for additional traffic to be on the road, relieving potential congestion. The new building will comprise 15 supported housing flats, which meet the Secured by Design accreditation. This is a police-preferred specification which provides a recognised standard for all security products that can deter and reduce crime. Gelder Group Chief Executive Officer Steve Gelder said: “We are delighted to be working on this project for several reasons. Obviously, winning this work was great news for team Gelder. “It is also special to be transforming a site which, historically, had connections with Lincoln City Football Club. Being so close to City’s Sincil Bank ground, it was a natural watering hole for Red Imps’ fans. “On a more serious note, we have also long admired the amazing work done by Framework, in supporting people who are homeless or at risk of being so. Also, it doesn’t stop there, because it also supports its ‘clients’ with their health, social care and employment needs.” The building is due to be completed by March 2025. Framework Director of Corporate Services, Dave Newmarch said: “We are delighted to have the opportunity to help address the shortage of accommodation for homeless people in Lincoln with these purpose-built premises providing 15 self-contained, one-bed units for single homeless people. “Framework is a registered charity and a registered provider of social housing and we have been providing services for homeless and vulnerable people in Lincolnshire since 2011. “This new housing on the High Street will be our fifth major capital investment in Lincoln to provide good quality, purpose-built accommodation for people in need. It brings our total investment in the city to more than £9.6m and enables us to provide accommodation for more than 100 homeless people at any one time. “With support from the City of Lincoln Council, the £2.65m project has been funded under the government’s Single Homeless Accommodation Programme which provides homes and crucial support for people with high and enduring support needs, including rough sleepers. “The government grant of £1.7m has been supplemented by a contribution from Framework itself worth £850,000. “We are delighted to be working with the excellent Gelder Group – keeping the work in Lincolnshire and ensuring that the project is delivered to the high standards we wish to provide for the people we support. “When the flats are occupied in spring 2025 residents will receive dedicated support from staff who will be on site 24/7 to address the issues that contributed to residents’ homelessness in the first place.”

Frasers Group acquires Doncaster Shopping Centre

Tess Egginton
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Frasers Group acquires Doncaster Shopping Centre
Shirebrook-based Frasers Group has acquired Frenchgate Shopping Centre in Doncaster. The 770,000 sq ft retail centre is a major regional shopping destination welcoming over 16 million customers a year. The shopping centre is a key part of the retail offer within Doncaster town centre and the South Yorkshire region, with major high street tenants, including Next, H&M and TK Maxx. The deal facilities the opportunity to more than triple the Sports Direct store size to over 35,000 sq ft and provide customers with access to other brands from the Frasers Group ecosystem including USC, GAME and Evans Cycles. Michael Murray, Chief Executive, Frasers Group, said: “The acquisition of Frenchgate Shopping Centre in Doncaster further demonstrates the Group’s commitment to investing into brick-and-mortar. “Acquiring property in key trading locations to unlock new opportunities for our retail and leisure businesses, such as Sports Direct, Everlast Gyms, Frasers and FLANNELS, is a key priority. “We are committed to re-inventing retail and injecting new life into high streets across the UK to bring the very best brands, environment, and experience to customers across the country.” Frasers Group was advised by CBRE on this acquisition.

Senior partner appointed at GSSArchitecture

Tess Egginton
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Senior partner appointed at GSSArchitecture
Kettering-headquartered architecture practice, GSSArchitecture, has appointed Jonathan Hunter as senior partner, following the retirement of Tom Lyons in June. Jonathan has been part of GSS for over 23 years, having first joined in 2001 as a graduate architectural technologist. He soon progressed through the company, gaining promotion to associate in 2007 and then partner in 2010. Jonathan has been central to the growth of the practice over recent years. Building on established relationships in the Midlands, Jonathan has built and nurtured strategically important long-term relationships with key clients across Yorkshire and the Northeast. In 2009 Jonathan had the vision to establish an office in Yorkshire to provide a stronger, locally focussed service to clients in the region. Continuing to enhance the practice’s reputation, he then went on grow the business in the Northeast, opening a Newcastle studio in 2016. Both studios have gone from strength to strength under Jonathan’s direction. The Yorkshire team has recently moved into central Leeds while the Newcastle team has moved into larger premises, to accommodate their sustained growth and strengthen their offering in both regions. Jonathan has also been directly responsible for delivering many large-scale developments throughout his career to date. Across a range of sectors, projects include the Catalyst at Newcastle Helix and more recently the £500m masterplanning of the UK’s first Health Innovation Neighbourhood in partnership with Newcastle University and Genr8/Kajima JV. As senior partner, Jonathan will maintain his focus on continued growth at a national level. He will utilise his extensive technical knowledge and cross-sector experience to set the strategic direction for the practice at all six of its office locations and will build on the foundations laid by previous partners delivering high-quality, sustainable architecture for  clients. Throughout his time at GSS, Jonathan has worked side-by-side with Ian Bray, and this relationship will continue with Ian Bray remaining as the practice’s managing partner. Ian Bray said: “We have been planning for Tom’s retirement for the past few years to ensure we have a robust succession plan and management structure in place to deliver a seamless transition for our clients and teams. I have every confidence in Jonathan as he continues to drive the practice forward in his new role.” Jonathan said: “I’m really excited about the future! We have a fantastic team at GSS, full of dedicated and creative people who are at the heart of what we do. There are many exciting opportunities for us to grow the business together, building on our history, substantial experience and by driving innovation. “Stepping into this new role as senior partner is an honour. I have a duty to do my best for this practice and to represent every member of our extensive team in the best possible way. It is a responsibility that I take very seriously, and I hope to do the team proud during my time in post.”

Timms Solicitors expand in Burton to pave way for team growth

Tess Egginton
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Timms Solicitors expand in Burton to pave way for team growth
Timms Solicitors have moved into larger offices in Burton-upon-Trent to pave the way for further team growth. The firm, which also has offices in Derby, Swadlincote and Ashby, have moved to fully refurbished offices at Anson Court in Horninglow Street in a deal handled by commercial property consultancy, Salloway. Managing partner Fiona Moffat said: “We have been established in Burton for many years and had outgrown our previous offices in the town centre. “We were keen to remain on the ‘high street’ in Burton and were particularly drawn to how Anson Court has been sympathetically restored from its industrial heritage. This therefore echoes the investment we made in Derby with our move to the restored St Michael’s Church in the Cathedral Quarter. “Anson Court gives us the contemporary and flexible space to grow our teams and we are particularly grateful to the property owners and to Simon Walker at Salloways for helping us to establish the letting and move on schedule. “We are keen to begin introducing our clients to the new office, as the space provides a great look and feel and reflects how we see ourselves as a business. The building is also really easy to find and with ample car parking to improve accessibility for our clients.” Emma Thacker, Director of Ednaston Investments, continued: “We are delighted to welcome Timms Solicitors to Anson Court, the award winning, go-to boutique office destination in the thriving Midlands Golden Triangle. “As a leading national business hub for tech, new media, healthcare and professional services, Timms are setting the pace for the ‘Next Thirty’ years and affirm our commitment to well-managed, sustainable heritage buildings. “Stunning original features of this former brewery provide a unique backdrop for exciting contemporary workspace, reflecting Timms leading edge philosophy with a traditional approach.” Simon Walker, commercial property surveyor at Salloway, concludes: “Making the decision to relocate a business to new premises is often a difficult one, with so many factors needing to be considered. “I have been working closely with Timms for some time in helping them to find the right property solution to match their brief. As soon as I knew 3 Anson Court was going to be re-let, I contacted Timms straight away and set up a viewing as I believed the office space and location would tick a lot of boxes for them.”

Rowleys welcomes new tax partner

Tess Egginton
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Rowleys welcomes new tax partner
Rowleys, a Leicester-based accountancy firm, has appointed Clare Clifford as its new Tax Partner. Clare, a respected Chartered Accountant and Chartered Tax Adviser, brings a wealth of experience to the firm. Clare Clifford joins Rowleys from Azets, where she was a Partner and Head of Tax for the Midlands. With a career that began in accountancy and evolved to specialise in tax, Clare’s expertise spans a wide range of sectors including manufacturing, farming, and healthcare. She has a proven track record of working with owner-managed businesses, family companies, individuals, and large international organisations, advising on both personal and corporate tax matters. “I am excited to join Rowleys, a firm that truly values building strong, personal relationships with its clients,” says Clare. “I look forward to working with the team to provide tailored tax solutions that help our clients achieve their financial goals. It’s great being back in the East Midlands, where I live and have long-standing professional relationships.” Clare is particularly passionate about working with owner-managed businesses and developing lasting relationships with families to help them achieve tax efficiency. Tom Copson, Managing Partner at Rowleys, says: “We are delighted to welcome Clare to our team. Her extensive experience and client-focused approach are invaluable assets as we continue to grow and enhance the services we offer. Clare’s approach aligns perfectly with Rowleys’ commitment to providing a personable and bespoke service to its clients.”

Blueprint Interiors appoints award-winning project designer

Tess Egginton
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Blueprint Interiors appoints award-winning project designer
Blueprint Interiors, a workplace consultancy and commercial interior design firm, has appointed award-winning designer Jed Salmon as a project designer. With a BA in Interior Architecture & Design and recognition as Mix Interiors’ 30 under 30 Interior Designer in 2023, Jed brings expertise in designing hospitality-inspired workspaces to enhance employee experience. Having recently supported a project that achieved the SKA Gold Rating, Jed will support Blueprint Interiors’ increased focus on sustainability in workplace design. This appointment underscores Blueprint’s commitment to fostering innovative and inspiring workspaces that cater to the evolving needs of modern businesses. Jed’s experience in designing office spaces with a hospitality-inspired twist aligns with Blueprint’s mission to create functional and inviting human-centric workplaces that boost employee engagement, company culture, and overall wellbeing. Commenting on his appointment, Jed said: “As soon as I met the team, I knew this was the perfect place for me. Blueprint’s company value of ‘love what you do’ and their dedication to creative office design really sets them apart from the competition. I’m excited to contribute my skills to design sustainable workspaces that inspire and empower people.” Chloe Sproston, creative director at Blueprint Interiors, added: “We’re delighted to welcome Jed to the team. His design talent, combined with his experience and passion for creating human-centric workspaces, aligns perfectly with our core values. We’re confident he will play a key role in delivering exceptional design solutions for our people-focused clients.”
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