Copper recycling company falls into administration

Tess Egginton
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Copper recycling company falls into administration
A Leicestershire company which processed unused or discarded copper materials for resale has been placed in administration. Steven Wiseglass, a director at Manchester-based Inquesta Corporate Recovery & Insolvency, has been appointed as administrator of Pure Copper Recycling Ltd. Pure Copper Recycling, based in Gaddesby, had stopped trading while it sought new premises. All eight employees have since been made redundant. The company, founded in 2018, was a granulation specialist which repurposed and recycled unused or discarded copper cables and materials bought from a variety of clients, including scrap merchants, tradesmen, waste sites and electricians. In the period from December 1 2022 to September 28 2023, the business generated sales of £10.4m. Steven Wiseglass said: “We have been appointed as the administrator of Pure Copper Recycling Ltd. “Due to a number of issues, the business was unable to continue trading and regrettably the employees have been made redundant. “We are now working with advisers to assess the value of the company’s assets and will then undertake a sale process with a view to securing a return for creditors.”

Airport academy allows aviation industry careers to take off

Stuart Pearcey
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Airport academy allows aviation industry careers to take off
Next week sees the start of the second course offering learners a direct route into the aviation industry thanks to collaboration between the East Midlands Airport Academy and Nottingham College.
The partnership at the on-site Academy offers tailor-made pre-employment and upskilling training for around 200 unemployed or low-income adult learners a year and existing employees. The two-week courses are free and take place on-site at EMA, covering a range of topics including an introduction to the aviation industry, customer service and team work and aviation terminology, to equip them with the skills needed to take up various careers that are available at EMA. Fifteen learners were the first to complete the course, during which they were taken on an airside tour, took part in mock interviews and given support to apply for roles in the airport including help with CVs, covering letters and five-year checkable history. They heard from guest speakers from, Swissport, DHL, Leonardo’s Hotel, and Boots, as well as EMA’s HR, Security and Assisted Travel teams. Marcella M’Rabety, Group Head of Education, Skills and Employment for EMA’s owner Manchester Airports Group, said: “We are pleased that 15 learners have completed our first course with Nottingham College. They have been given skills and support towards gaining employment on site at EMA and have heard from a range of employers. We are really grateful for our on-site businesses attending the course to talk about roles, job opportunities and inspiring our learners to find work at the airport. “Our next course is 15th January which will include attending the Jobs Fair on Wednesday 17th January. We can’t wait to welcome more learners on site.”

Aggregate Industries adds electric cement mixer truck to its fleet

Stuart Pearcey
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Aggregate Industries adds electric cement mixer truck to its fleet
Leicestershire-based building materials supplier Aggregate Industries has added an electric cement mixer truck to its fleet. It will be based at the Coleshill Readymix Plant in Birmingham, from where it will serve the West Midlands. Putzmeister, as one of the leading manufacturers of concrete equipment, offers the fully electric eMixer under the brand name iONTRON. The electrically powered truck with a 350kWh battery is provided by the parent company SANY. This cooperation ensures zero emissions and significantly reduced noise during transport and on site. EV fleet and battery storage specialist Zenobē provided the charging infrastructure for the e- Mixer with a 120KW/h charger sited at the Coleshill base. Zenobē also integrated the EV charging software to monitor the charging profile of the e-mixer and provide valuable insight into the operational performance of the batteries on the vehicle. This data will be used to develop and roll out Aggregate Industries’ long-term strategy to electrify its heavy fleet. Gary Brennand, Md of Aggregate Industries’ Readymix division, said: “We’re delighted to welcome our latest electric mixer truck in partnership with Putzmeister and Sany. Our mission is to be the UK leader in innovative and sustainable building materials and to decarbonise the construction industry. “Electrification of our fleet, machinery and plant is a vital component of that and of helping us achieve our net zero ambitions. “Traditional mixer trucks use diesel fuel so to be able to have vehicles with zero emissions on the roads is a hugely positive step change in our operations. We are at the start of our journey but this will gather pace as the technology continues to evolve along with the infrastructure.”

Banner Jones welcomes six new trainee solicitors

Stuart Pearcey
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Banner Jones welcomes six new trainee solicitors
Regional law firm Banner Jones has welcomed six more colleagues from across its Chesterfield, Sheffield, and Mansfield offices onto its Trainee Scheme as three more  graduate from it. Banner Jones’ CEO Simon Wright said: “We’re delighted to be training such a large number of colleagues to qualify as Solicitors, in addition to providing support to those undergoing various other qualifications. “It is important to us that all of our staff enjoy working for Banner Jones, and that they have every possible opportunity to further their careers during their time with us. “Our trainees and apprentices are an integral part of our future, and we wish them every success moving forward with their studies.” Training Principal Katie Ash added: “With recruitment so difficult at the moment, and having always sought to support our employees’ development and ambitions, the decision to extend our training programme to nurture even more of our own talent was a natural one.” All the candidates have completed their LPC and are now undertaking their Period of Recognised Training, following which they will be fully qualified solicitors. Over the period of their training they will gain an understanding of several areas of law, spending a period of time in a contentious area of law, a non-contentious area of law and the Company’s compliance department. Banner Jones’ fully-funded Trainee Schemeaims to provide an opportunity for those with a desire and interest to learn new skills to further their careers, whilst also training to achieve a recognised legal qualification. In addition to providing support to this cohort of trainees, the firm is also supporting Tim Barley in his Level 7 Solicitor Apprenticeship, Claudia Risorto, who joined Banner Jones in September, and is undertaking her Law Degree Apprenticeship, and various other members of staff to undertake CILEx and Licensed Conveyancing qualifications.    

Accountancy firm moves HQ into new offices

Tess Egginton
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Accountancy firm moves HQ into new offices

A Derby accountancy practice has moved its HQ into new offices on one of the city’s established business parks.

Maple Accountancy, whose Derby headquarters is currently based in a period building on Friar Gate, is uprooting and relocating to a purpose-built, pavilion-style office at Wyvern Court on Wyvern Business Park.

William Speed of Salloway Property Consultants, who negotiated the sale to Maple on behalf of a private client, said: “We are experiencing fewer freehold properties coming onto the market currently, so it isn’t surprising to see that when an opportunity like this does present itself there are high levels of interest.

“It is particularly rewarding to close a deal with a well-known Derby professional firm which will now make this property their new headquarters.

“The new office building comprises some 4,300 square feet over two floors and is extremely well located for accessing both the city centre and the principal road network meaning easy access to the rest of the UK.

“It will provide Maple with the perfect opportunity to create a contemporary fit-out which is sure to impress employees and clients alike.”

Jennifer Priestly, Director of Maple Accountancy, added: “We are really excited to make the move over to Wyvern Court. The modern office gives us the perfect opportunity to create a new, state of the art work environment.

“The quality of workspace is becoming more and more important in this modern day and age, creating an environment that encourages people to work in the office is something that we are very keen on achieving at Maple Accountancy.”

William Speed added: “Maple’s strategy follows a common trend we have encountered since COVID. Many companies are seeking to create a more vibrant and versatile work environment allowing for flexible and hybrid working routines and taking into account both staff well-being and the company’s ESG aspirations. Modern freehold offices provide this opportunity.”

Property consultancy strengthens Ashby planning team with four appointments

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Property consultancy strengthens Ashby planning team with four appointments
A property consultancy has strengthened its planning team in Ashby after making four appointments. Fisher German has welcomed John Nicol as a planner, Kerry Andrews as an assistant planner, and Isabelle Holliday and Jabu Phiri as graduate planners. John has more than four-and-a-half years’ experience in planning, originally beginning his career in the public sector before moving into the private sector. In his last role, John specialised in renewable energy projects, obtaining planning permission and carrying out pre and post-planning approval project management. Kerry joins the firm after spending more than four years working in the public sector, specialising in planning policy and supporting the development of the authority’s local plan. Isabelle is welcomed to the firm after studying Human Geography at the Manchester Metropolitan University and a master’s degree in Urban and Regional Planning at the University of Sheffield. Jabu joins after studying English at the University of Liverpool followed by a postgraduate degree in planning at the University of Manchester. The expansion comes as Fisher German looks to not only respond to increasing client demand but expand its presence across the Midlands. John said: “I’m extremely pleased to join Fisher German at what is an incredibly interesting time for the planning sector. The firm has a very strong reputation and offers a wide range of property services and expertise, meaning working here exposes you to a great range of work and clients. “My role primarily involves working on infrastructure projects mainly covering water, waste, and power. It is an interesting time to be a planner, particularly in relation to the changing legislation around Biodiversity Net Gain. “It is great to be practising at a time when the operations of the profession are changing quite significantly in this regard and building an understanding of what this will mean for the delivery of development and for our clients in the future is important.” Kerry said: “Fisher German has a fantastic planning team with a strong work ethic. Everyone works together to do a good job for clients, which is excellent to be part of. I’m working in strategic planning on a variety of different projects, of all scales. “Planning plays a huge part in the delivery of new housing, and the next year or two will be very interesting in terms of the new planning regulations being introduced by government.” Liberty Stones, Head of Planning at Fisher German, said: “We are delighted to welcome four new members of the planning team to Fisher German, further strengthening the services we provide to our clients. “There is a significant need for both housebuilding to meet housing targets and large-scale infrastructure projects, and we are well-placed to support the delivery of these.”

Nottinghamshire childcare provider acquires new nursery

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Nottinghamshire childcare provider acquires new nursery

A Nottingham business providing childcare for children aged two to five has acquired a 2,000 sq ft nursery and hired two additional childcare specialists.

Ducklings Nursery has used a six-figure funding package from HSBC UK to purchase Beeston Nursery, located on Station Road in Beeston.

The purchase ensures Beeston Nursery can continue to offer essential childcare to over 100 local children as well as retaining its 13 staff members. This would not have been possible without the acquisition as the previous owner had decided to retire from the business leaving the future of the nursery in doubt.

In addition to securing the future of Beeston Nursery, the acquisition will also see two specialist jobs added at the nursery with the potential for further expansion and job openings in the future.

Medusa Sojourn, owner and founder of Ducklings Nursery, said: “As a local resident myself, it is heartening to be able to provide a safe, supportive environment for Beeston children. I’m extremely grateful to HSBC UK for its support throughout this process.”

Dominic Edgar, relationship manager at HSBC UK, added: “Ducklings Nursery has a reputation for providing an excellent service to the local community. This commercial business loan from HSBC UK will help the nursery grow significantly, allowing more parents and children to benefit.” 

Ducklings Nursery was established in 2009 when its first nursery opened in Sutton Coldfield. A second nursery was later acquired in Sandiacre.

Rail firm set to help save lives at sea

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Rail firm set to help save lives at sea
A charity saving the lives of those who get into difficulty at sea will be helped to continue its vital work with the support of an East Midlands rail maintenance firm. MTMS has pledged its support to the Freshwater Independent Lifeboat, which is based on the Isle of Wight, to help it continue its vital work for the next three years. The organisation’s operations include helping vessels in trouble in the waters around the Isle of Wight, recovering people from cliffs and searching for people or animals in distress. It is based 180 miles away from MTMS’s headquarters in Moira, Leicestershire, which at first glance makes it an unlikely good cause for the firm to support. However, the decision was made by Malcolm Prentice, the company’s group chairman of MTMS, who splits his time between living in South Derbyshire and the Isle of Wight and wanted to make a difference for the community at his island home. He said: “The Freshwater Independent Lifeboat does such vital work which has saved countless lives. It does not get any government support so community and business donations are needed to keep it going. “The Isle of Wight is a special place to me, somewhere where I have made many happy memories. It is an honour for us at MTMS to be able to help such an important and worthwhile cause over the next three years. “Smaller charities desperately need our support to keep doing what they are doing and we must help them where we can.” The Freshwater Independent Lifeboat was founded in 1972 in the village of Freshwater, on the Isle of Wight. Its volunteers are on call 24 hours a day, 365 days a year, and they cover an area of up to 30 miles offshore from Hurst Point near Lymington on the mainland to St Catherine’s Point, the island’s most southerly point. Rod Adams, Freshwater Independent Lifeboat’s principal fundraiser, said: “This is such an important sponsorship for us, and the first time a major company from the mainland has stepped in to help us maintain our operation on a regular basis. “Knowing that the amazing sum of £3,000 will be available every year for three years provides a real boost to our planning. Everyone helps charities in some way but often small independent units such as ourselves miss out on regular support as we do not have the massive nationwide media power that large charities can avail themselves of.  “The help from Malcolm and MTMS will hopefully spur other companies to step in and help the smaller charities, not necessarily on their doorstep. “I would also like to mention the amazing support from Malcolm’s wife Cherril who has provided a huge number of copies of her two children’s books to sell next year in our lifeboat shop. “Thank you again Malcolm, Cherril and all at MTMS. We look forward to your support in the coming years.” The Freshwater Independent Lifeboat is not part of the Royal National Lifeboat Institution (RNLI) so gets no funding from the organisation or the Government. It depends entirely on funds from the local community through donations, business sponsorship and community grants.

Sales slip at Topps Tiles

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Sales slip at Topps Tiles
Sales have dipped at Topps Tiles, the Leicestershire-based tile specialist, according to a trading update for the 13-week period ended 30 December 2023. Trading in the first quarter reflected ongoing challenges to discretionary consumer spending, particularly those impacting on businesses serving the Repair, Maintenance and Improvement (RMI) sector. Group sales in the 13 weeks ended 30 December were 4% lower year on year. Like-for-like sales in Topps Tiles were down 7.1% in the first quarter, with sales to trade customers more resilient than to homeowners. Trading remains strong, however, in Online Pure Play, with significant year on year sales growth, led by Pro Tiler Tools. The Group’s Parkside commercial business, meanwhile, is performing in line with expectations and is profitable in the year to date. Based on factors including the timing of the holiday pay accrual, higher energy usage in H1 and trading in the first part of the year, the Group’s profits in 2024 are expected to be weighted towards the second half. The business said: “The Group remains well-positioned to respond to market conditions and we expect to have gained further market share in the first quarter, driven by our world-class customer service, market-leading brands and specialist expertise, and supported by our strong balance sheet. We remain excited about the opportunities for Topps Group over the medium term.”

Leicestershire company fined £900,000 after man crushed to death

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Leicestershire company fined £900,000 after man crushed to death
A company in Leicestershire has been fined £900,000 after a father-of-two was crushed to death. Lee Benham died on 4 November 2021 while attempting to move a scissor lift at Nationwide Platform Limited’s workshop in Liskeard, Cornwall. Lee’s wife, Kelly Benham, says her heart has been ripped out after his passing. The 45-year-old was working for Nationwide as an LGV driver when the incident occurred. He was operating a scissor lift from the ground to clear an access path so he could move pieces of machinery out of the workshop and load it onto his lorry in the yard. The moveable controls on the scissor lift were in a position meaning that their direction was inverted, and when Lee operated the machinery, it came towards him and crushed him against a static scissor lift. A Health and Safety Executive (HSE) investigation into the incident found Nationwide Platforms Limited failed to sufficiently consider the dangers of operating machinery via moveable controls, and failed to provide appropriate monitoring and supervision during the morning when drivers were loading machinery onto their lorries. Lee’s wife Kelly Benham said: “Lee was my soulmate, my best friend, my rock. Now I have nothing apart from my girls. There are no words that can describe when you have had your heart ripped out. Our lives are in pieces, and it is just the three of us now.” Nationwide Platforms Limited, of Central Park, Lutterworth, Leicestershire, pleaded guilty to breaching Section 2(1) of the Health and Safety at Work etc Act 1974. The company was fined £900,000 and ordered to pay £12,405 in costs at Plymouth Magistrates’ Court on 21 December 2023. HSE inspector Simon Jones said: “This was a tragic incident and a stark reminder to businesses to be thorough in their risk assessment. The situation which led to Lee’s death would not have arisen had appropriate control measures been in place.” This HSE prosecution was brought by HSE enforcement lawyer Jonathan Bambro and supported by HSE paralegal officer Helen Jacob.

Dales businesses invited to take advantage of Rural Innovation Grants

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Dales businesses invited to take advantage of Rural Innovation Grants
Derbyshire Dales businesses looking for financial support to develop or grow are being invited to take advantage of a Rural Innovation Grants scheme. The objectives of the business grant scheme are to improve business productivity and resilience, encourage carbon reduction and enable the creation of skilled roles. Launched by Derbyshire Dales District Council, the initiative offers grants of up to 80% of eligible costs. Three levels of grant funding are available for projects costing between £2,500 and £150,000. One local business that has successfully applied for a grant is CEM Solutions UK Ltd, who occupy premises at Molyneux Business Park in Darley Dale. They service and calibrate instrumentation which monitors emissions to air from a combustion or incineration process. The company has customers based mainly on industrial sites throughout the UK – from Speyside down to Plymouth. The £17k grant has enabled the company to buy a new piece of equipment to enhance their testing service. A new engineer will be recruited to add to the existing team, helping to increase the skilled workforce in the Derbyshire Dales. Jo Lloyd, Director of Business Development at CEM Solutions, said: “We were thrilled to receive a grant to enable us to purchase a 3 Gas Blender. This has increased our service capabilities for emissions monitoring on industrial applications throughout the UK.” Other businesses that have recently submitted successful applications include John Hattersley Wines (Bakewell), TDP Ltd (Wirksworth), Fit Missions Ltd (Bakewell) and Alphaweld Ltd (Calver). Derbyshire Dales District Council Leader Councillor Steve Flitter said: “I am delighted to be able to offer these grants to help businesses grow and prosper here in the Derbyshire Dales.” The grant schemes are funded by the UK Government through the UK Shared Prosperity Fund (UKSPF).

2024 Business Predictions: Emma Tice, head of HR & Employment Law at Precept

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2024 Business Predictions: Emma Tice, head of HR & Employment Law at Precept
It’s that time of year, when Business Link Magazine invites the region’s business leaders to offer up their predictions for the year ahead.  It has become something of a tradition, given that we’ve been doing this now for over 30 years. Here we speak to Emma Tice, head of HR & Employment Law at Precept. Keeping on top of changes in HR & Employment Law will be the biggest challenge for businesses in 2024 – and it will make sure that companies such as Precept are kept extremely busy over the next 12 months. Some of these changes have already happened; the UK government has introduced new regulations that take effect in January 2024 affecting how holiday pay is calculated with rolled up holiday pay now allowed for irregular hours or part-time workers, as well as amending harassment protections in the workplace and flexible working arrangements. The new year will see an increase in the National Living Wage for workers over the age of 23, an overhaul to the statutory flexible working regime and protections for family-friendly rights on the cards. It is going to be vital that organisations are properly informed and armed with knowledge because some of these changes are pretty important – and you can bet your bottom dollar that your staff are going to be keenly aware of what’s going on, as that’s a trend we’ve seen since the dreaded days of the pandemic. Employees are much more attuned to what their rights are and they’re also far more willing to take steps to enforce those rights. Next year could also see a new government at the helm and, should this happen, then there may well be even more changes to HR & Employment Law. The Labour party has indicated that it will make significant changes to the ‘Employment Rights Bill’ within its first 100 days in office to include better sick pay, the creation of new and extended legal rights for trade unions, a ban on zero-hour contracts and a proposal to make fire and re-hire tactics unlawful. Any major policy reforms, though, will take several months to be introduced and implemented, but it’s important to be aware that these changes could be on the horizon.

Next sees strong Christmas

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Next sees strong Christmas
Leicestershire retailer Next has enjoyed strong Christmas trading, with full price sales during November and December better than anticipated. According to a new trading statement, in the nine weeks to 30 December, full price sales were up 5.7% versus last year – £38m better than Next’s previous guidance of +2% for the period. In turn the business has increased its full year profit before tax guidance by £20m to £905m, up 4% versus last year. Of the £20m increase, £17m comes from the sales beat to date and £3m comes from an upgraded forecast for full price sales in January. Meanwhile, Next has issued full year guidance for the FY25 financial year, in which it expects total sales to rise by 6% and profit before tax to grow 5%.

Shirebrook giant swoops for luxury retailer

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Shirebrook giant swoops for luxury retailer
Shirebrook-based Frasers Group has acquired the MATCHES business from MF Intermediate Limited, a subsidiary of funds advised by Apax Partners, by way of the purchase of 100% of the shares of a group of six companies and the acquisition of the senior and junior debt owed by those companies. MATCHES is a destination in online luxury for men and women, which offers a modern edit of more than 450 established and next-generation designers and generates the majority of its revenue internationally, with the business delivering to 150 countries outside the UK. The consideration totals approximately £52 million and will be settled in cash at completion from Frasers’ existing cash reserves and facilities. The MATCHES business has been loss making in recent years. Frasers says the acquisition is an opportunity to further develop its Elevation Strategy and strengthen its luxury offering. Nick Beighton, Chief Executive Officer of MATCHES, will work with the Frasers team to develop a strategy to build on the underlying strength of the business whilst unlocking synergies with Frasers. Michael Murray, Chief Executive Officer of Frasers, said: “MATCHES has always been a leader in online luxury retail and has incredible relationships with its brand partners. This acquisition will strengthen Frasers’ luxury offering, further deepening our relationships and accelerating our mission to provide consumers with access to the world’s best brands. “Whilst the global luxury environment is softer, we are confident that, by leveraging our industry-leading ecosystem, we will unlock synergies and drive profitable growth for MATCHES.” Nick Beighton, Chief Executive Officer of MATCHES, added: “Since I joined MATCHES last year, we have made good progress, sharpening our brand and product curation and improving the day-to-day operations of the business. “As a result, we have seen a resilient trading performance despite the challenging economic backdrop. Being part of Frasers, with their utter commitment to luxury, will give this business access to greater scale, best-in-class retail expertise and the financial stability it needs to more effectively deliver for our brand partners and our customers.”

Midlands private equity activity falls significantly in 2023 from two year high

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Midlands private equity activity falls significantly in 2023 from two year high

Buyout activity across the Midlands private equity industry dropped markedly in 2023, with the pendulum swinging back from the record activity levels seen in the aftermath of the post-COVID period, according to provisional full-year data (up to 1st December) from CMBOR, the Centre for Private Equity and MBO Research based at Nottingham University Business School and supported by Equistone Partners Europe.

The 28 buyouts completed in 2023, with a cumulative value of £1.2bn, represent a dramatic fall from the two highest annual values of the post-2008 period, with deals worth £5.9bn completed in 2022 and deals worth £6.1bn in 2021. This sense of an industry-wide pause is underlined by cumulative deal value not surpassing £2bn for only the third time in the last ten years and is a similar theme to that seen across the UK and Europe.

The decline in deal activity started in H2-2022, following a record 18-month period, and continued into H1-2023, where just £0.1bn worth of deals were completed in the first six months of the year. The downward trend reversed in H2-2023 with £1.1bn worth of deals completing, providing some encouragement for the year ahead.

Dealmaking within traditional sectors such as Business Services and Industrials has held comparatively steady as firms seek value and stability in an otherwise difficult market. However, TMT and Healthcare, two sectors which experienced a remarkable pandemic-era boom, have experienced major corrections, with valuations and volumes both falling notably in the region.

Will Copeland, from Equistone’s Midlands office, said: “The full extent of the decrease in Midlands buyouts was not anticipated, but we are seeing green shoots with a rise in activity in the second half of the year.  There has not been a shortage of opportunities to do deals in 2023. However, transactions have faced a number of challenges which have often resulted in the timing not being right.

“Despite this, at Equistone, we’ve experienced a record year for exits in 2023, including the divestments of Acuity Knowledge Partners and Bulgin. We have a number of assets in the pipeline to exit and anticipate new investment activity will pick up across the first two quarters of 2024.

“Looking ahead to 2024, this sentiment is echoed with Corporate Finance advisors having healthy lists of Midlands mandates, and the slowdown in private equity and debt deployment over the last 12-18 months could cycle to an increased urge for new investment and exit activity, potentially at reset valuation expectations compared to the post-covid boom.”

National Space Centre appoints new chair of trustees

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National Space Centre appoints new chair of trustees
The National Space Centre has welcomed a new chair of trustees, Stuart Martin. Having worked in the space industry from University, including being Chief Executive of the Satellite Applications Catapult for ten years, he is taking over as chair from Prof Sir Martin Sweeting, who began retirement at the end of 2023. In an interview for the Space Centre’s blog, Stuart said: “I have been aware of the charity from its early days as a Millenium Project, and visited many times. So I already knew something of its mission and purpose. “But after speaking with Chas Bishop (the Space Centre’s Chief Executive) and Prof Sir Martin Sweeting (the previous chair of trustees), I realised just how much the values and objectives of the National Space Centre aligned with my own and it made me very excited to have the opportunity to be part of the team. “It’s great to see how the National Space Centre has become such a vibrant and important institution, both to the Leicester region and nationally. I have huge respect for Sir Martin, and am very excited to carry on his work.” Looking forward, he is hoping to focus on increasing the scope of the centre’s charitable objectives, including the IGNITE! Project and community outreach efforts, as well as creating a systematic funding programme to ensure the future needs of the centre are met.

Green light for residential scheme in Derwent Valley Mills UNESCO World Heritage Site

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Green light for residential scheme in Derwent Valley Mills UNESCO World Heritage Site
Wavensmere Homes has received the green light from Amber Valley Borough Council for its revised plans for the redevelopment of Milford Mills, which overlooks the River Derwent, located between Belper and Duffield in north Derbyshire. 69 new homes will now be delivered on the historic site, which is within the Derwent Valley Mills UNESCO World Heritage Site. Accessed off Derby Road (A6) in the centre of Milford village, the redevelopment of former commercial premises will feature 42 two- and three-bedroom houses and 27 one- and two-bedroom apartments, within a four-storey building overlooking the River and Mill Lade. Wavensmere Homes has already spent over £250,000 on archaeological investigations on site throughout 2023, while amending the original planning application to enable the 4.7-acre development to be gas free and fully compliant with new building regulations. The houses will be installed with air source heat pumps, while the apartments will have electric heating, with solar PV panels fitted to the roof of the building to generate renewable energy. Dating back to 1780, Milford Mills is a former cotton mill which housed some of the world’s first mechanised industrial spinning factories. The highly unique project will see the retention and restoration of numerous historic features from the former cotton mill, including the Mill Lade that now feeds a hydroelectric power plant downstream, the wheel pit and tail race that historically connected the mill to the River Derwent, along with the repair of all original stone boundary walls. The site will be further complemented by two acres of public open space and the recent restoration of the Grade II listed Dye House by Chevin Homes to form a 4,500 sq ft commercial premises. James Dickens, Managing Director of Wavensmere Homes, said: “Milford is one of the most sought-after villages in north Derbyshire, with the area’s historical importance reflected in the UNESCO World Heritage status. “We are pleased to have received the go-ahead to amend the extant plans and move forward with this important £22m redevelopment project to provide much-needed quality new homes. During the planning process, we have already been approached by over 600 local people keen to secure a house or apartment here, with 21 having first refusal of their choice of plot. “Milford Mills will have a clear focus on sustainability and renewable energy, while delivering natural stone facades that reflects the traditional architecture of this village and the nearby market town of Belper. Our team will now progress with pre-construction preparations and we look forward to being able to start construction for the 69 riverside houses and apartments in the coming months.”

Smart move for water efficiency and sustainability specialists

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Smart move for water efficiency and sustainability specialists
Acting on behalf of Private Landlord clients, Salloway Property Consultants have let a modern business unit located at the heart of the Parker Centre, off Mansfield Road, within Derby. The property, which provides recently refurbished hybrid office and workshop accommodation totalling approximately 4,050 sq ft, has been let to new tenant H2OiQ Limited. The water efficiency and sustainability specialists (which incorporates both H2OiQ and HVACiQ) have relocated from Worcestershire to the new property in Derby in order to aid expansion and cope with increasing demand. Richard Butler, director at H2OiQ Limited, said: “This is a wonderful property with plenty of office space, which was a huge factor for taking on this commercial building. It is absolutely ideal for us – it was also crucial to be located within the ‘centre of the universe’, Derby!” Hugo Beresford, associate director at Salloway, said: “I am delighted that I was able to secure a high quality occupier for my client and at the same time line up the tenant with the space that they needed to enable their impressive growth plans. “H2OiQ Limited are an innovative and rapidly expanding business whose range of products and services are at the cutting edge of water and energy sustainability – they were a pleasure to deal with throughout the transaction process and I wish them the very best in their new premises.”

East Midlands firms choose productivity, growth and investment as top New Year’s resolutions

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East Midlands firms choose productivity, growth and investment as top New Year’s resolutions

New research from Lloyds Bank has found that two fifths (40%) of East Midlands businesses are making New Year’s resolutions to improve their productivity, as businesses signal confidence in more positive macroeconomic conditions ahead.

This optimism about the future comes after 2023 being a tough year for businesses, as they faced into high inflation and a sluggish economy.

The data revealed the top three areas where firms are focusing their attention as they head into the new year, with two fifths (39%) concentrating on developing their business, a third (32%) focusing on staff training, and another third (32%) looking to hire more staff.

As businesses take stock of 2023, many are reporting they are looking at ways to ensure they have a healthy cashflow, with more than a third (35%) of firms planning to keep a closer eye on costs over the next 12 months.

The data also shows that businesses are setting themselves up for growth, by building teams to support new opportunities, with over half (58%) expecting to hire more staff in the New Year.

With the expectation of inflation continuing to fall, more than two thirds (67%) of firms are confident that they will see their business become more profitable in 2024 compared to 2023.

Almost three fifths (57%) expect their turnover to increase in 2024. Of those expecting an increase in turnover, a fifth (22%) anticipate growth of 5%-10% and almost one in ten (6%) have eyes on growth of 11%-20%.

Dave Atkinson, regional director for the East Midlands at Lloyds Bank Commercial Banking, said: “It’s fantastic to see so many East Midlands businesses readying themselves for a strong year. Buoyed by a busy festive season, the country’s thriving hospitality and leisure sectors will be hoping to lay the foundations to keep momentum going as we enter 2024.“While firms will rightly be mindful of costs and where their business will benefit most from investment, it’s encouraging to see a focus on hiring new staff and developing those already onboard as routes to growth. “Having financial flexibility will be key for businesses as they expand their offering, and we will be here to help them maintain the healthy cashflow needed to unlock new opportunities.”

122 affordable homes set for Sleaford brownfield site

Tess Egginton
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122 affordable homes set for Sleaford brownfield site

Countryside Partnerships, the provider of multi-tenure, affordable homes, has exchanged contracts with Tesco Stores Ltd on a 12.8-acre brownfield site in Sleaford, Lincolnshire with a view to building 122 new affordable homes, 5 First Homes and a 66-bed care home.

They will also be providing a new county standard bowls green and club house to replace the ageing facilities currently on site.

The regeneration project will transform the former industrial site, previously used for seed processing, into much-needed housing with a mix of two-, three- and four-bedroom family homes for the area. The First Homes are market-sale properties discounted by at least 30% and available to first-time buyers meeting certain eligibility criteria.

The land is allocated for mixed-use and residential development in the Lincolnshire Local Plan, adopted in April 2023. Countryside now expects to submit a Reserved Matters planning application in the first half of 2024 with a view to starting work later in the year.

Lee Parry, Managing Director, Countryside Partnerships North East Midlands, said: “Redeveloping brownfield sites such as this one in Sleaford is hugely important in helping to tackle the crippling shortage of affordable homes across the UK.

“Our planning team cannot wait to get into the finer planning details with a view to transforming this former industrial site into an attractive and welcoming place to live for the local community.”

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