Owner of Boots to be acquired by private equity firm
Eurocell makes £29m acquisition
Eurocell, the manufacturer, distributor and recycler of PVC window, door and roofline products, has acquired Alunet for £29m.
The deal comprises an initial payment of £22 million and deferred consideration of approximately £7 million payable in four annual instalments beginning in 2026. In addition, there is the potential for performance related payments of up to £6m over the same period.
The acquisition strengthens Eurocell’s position in residential aluminium systems and composite doors, and adds garage doors to its product portfolio.
Alunet includes a stable of home improvement brands and comprises four businesses: Alunet Systems, Comp Door, JDUK, and UK Doors (Midlands).
For the year ended 31 December 2024, Alunet delivered unaudited revenue of £43m and EBITDA of £4.5m.
Alunet’s retained team, led by Chief Executive Steve Hudson, will strengthen the group’s management and Steve will join Eurocell’s Executive Committee. Alunet employs approximately 200 people.
Darren Waters, Chief Executive Officer at Derbyshire-based Eurocell, said: “Alunet is a great acquisition for Eurocell. It significantly strengthens our position in aluminium, enhances our composite door offering, and adds a premium range of aluminium garage doors to our portfolio of home improvement products.
“Alunet has grown rapidly since its establishment in 2013, and under Eurocell’s ownership, we will leverage our leading market positions in new build, trade fabrication and distribution, to help the business reach its full potential.
“On behalf of the Board I am delighted to welcome the management and employees of Alunet to the Group.”
East Midlands Mayor helps more women build construction careers amidst regional skills shortage
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Leicestershire Business Voice appoints new chair
Lincolnshire leaders talk of positive future ahead as new authority meets for the first time
Leicestershire care provider rated ‘requires improvement’ over medicine and record-keeping failures
Premium Home Care Services Limited, also known as Home Instead Senior Care, has received a “requires improvement” rating from the Care Quality Commission (CQC) following an inspection. The watchdog flagged concerns over medicine management, record-keeping, and leadership at the domiciliary care provider based in Beaumont Leys, Leicestershire.
The inspection found that the service failed to meet legal requirements for the safe administration and management of medicines. Inspectors reported a lack of guidance for medication use, poor oversight, and failure to follow best practices, resulting in a breach of the Health and Social Care Act 2008.
The CQC cited inadequate systems to update care records when multiple healthcare professionals were involved, leading to confusion over care responsibilities. Additionally, inspectors found safeguarding incidents were not always reported or addressed in line with policy due to weak managerial oversight.
Leadership and governance were also criticised, with the report highlighting a lack of audits and oversight that resulted in another regulatory breach. Multiple management changes have impacted the service’s effectiveness. However, the report acknowledged a positive workplace culture, with staff feeling valued and respected.
Despite the overall “requires improvement” rating, the service was rated “good” for its effectiveness, responsiveness, and quality of care. During inspection in late 2023, the service supported 65 people with personal care in their homes.
UK space partnership to accelerate technology deployment
Space Park Leicester and Perpetual Atomics partnered with Sidereus Space Dynamics to enhance the UK’s space technology and scientific missions capabilities. The collaboration includes dual Memoranda of Understanding (MoUs) between Sidereus, Space Park Leicester, and Perpetual Atomics, focusing on rapid prototyping, validation, and deployment of space technologies.
The partnership will support additive manufacturing of space engine components, heat shield innovation, and advanced materials for space applications. UK-based organisations will gain access to Sidereus’ EOS system, a single-stage-to-orbit launch vehicle that enables cost-effective testing of mission-critical materials in microgravity and very low Earth orbit.
Sidereus aims to provide flexible access to space, removing reliance on restrictive launch schedules. Perpetual Atomics will focus on advancing radioisotope power technologies and energy systems for deep space missions. The initiative is expected to strengthen the UK’s space engineering and innovation position.
Boots sale worth £8bn possible after 300 store closures
Boots, the well-known UK pharmacy and retail chain, is poised for a potential £8 billion sale, with reports suggesting a deal could be finalised this week. This follows the closure of 300 stores as part of a significant cost-saving effort by its parent company, Walgreens Boots Alliance, which is facing financial challenges. The private equity firm Sycamore Partners is expected to acquire the business, raising questions about Boots’ long-term presence on the UK high street.
Despite the closures, Boots in Nottingham, has seen a marked performance improvement. The company’s retail sales surged by 8.1% between September and November 2024, driven by strong online growth and its pharmacy services. Online sales increased by 23%, while pharmacy sales grew by 5.8%, bolstering the company’s appeal to investors.
This shift in performance could lead to a separation from Walgreens and Shields Health Solutions, with speculation that Boots might be listed on the London Stock Exchange.
Next major step taken in Derbyshire Waste Treatment Facility Project
- Competitive Dialogue – October 2025
- Contract award (Cabinet decision) – December 2025
- End of due diligence and commencement of rectification phase – June 2027
- Start of commissioning – June 2028
- First waste acceptance – November 2028
- Completion of commissioning and transition to normal operations – Winter 2028 – Winter 2031
UK opens first public electric charging hub for HGVs
The UK’s first public electric charging hub for heavy goods vehicles (HGVs) has been launched at Able Humber Port in Immingham, North Lincolnshire.
Developed by Milence, a joint venture between Daimler Truck, Traton Group, and Volvo Group, the hub features eight charging bays, four of which are high-performance chargers, and two bays are served by a megawatt charger. It can fully charge an electric HGV in about 90 minutes.
The hub is strategically located off the A180 with direct access to the motorway network, making it an important site for HGV operators. In June 2023, North Lincolnshire Council granted the development planning consent.
Milence plans to expand its network across Europe, including routes connecting Immingham to Birmingham. The company aims to establish 1,700 charging points by 2027.
The new hub is seen as a key step in supporting the transition to electric vehicles in the logistics sector, with significant potential for further infrastructure growth in the UK and Europe.
Trio of industrial assets acquired by joint venture
Stagecoach offers free sustainability training to suppliers
Stagecoach, part of the UK’s leading bus operators, has joined an innovative initiative to offer free sustainability training to its suppliers, marking a first in the UK. As part of the United Nations Global Compact (UNGC) UK Network’s Sustainable Suppliers Training Programme, the initiative aims to educate suppliers on sustainability and the 10 principles of the UNGC, supporting Stagecoach’s journey to reduce its environmental impact and meet its net-zero targets.
The programme will provide Stagecoach’s suppliers with the necessary tools, resources, and guidance to enhance their sustainability practices. The operator’s commitment is seen as a step toward strengthening the environmental credentials of its supply chain, which includes businesses accounting for £200 million in procurement spend.
This move represents a strategic effort by Stagecoach to integrate sustainability into its procurement practices, demonstrating the potential for collaboration between businesses to drive collective action towards a more sustainable future.
£880,000 set for Grantham town centre upgrades
Grantham town centre is set to benefit from £880,000 in improvements, following approval of seven key projects by South Kesteven District Council. The funding, secured through a successful bid to the government’s Future High Streets Fund in April 2021, aims to revitalise the town centre and support local businesses.
The projects include installing power supplies to Market Place and Westgate and improving infrastructure, such as new planters, benches, cycle parking, and direction signs for key transport links like the railway and bus stations. Further developments will see the addition of removable bollards around the Conduit Lane car park and enhancements to the cultural quarter and Grantham Market, supporting their growth.
Cllr Ashley Baxter, leader of South Kesteven District Council, highlighted that these projects would be funded from an underspend in previous works, including improvements to Market Place and Station Approach. The upgrades are part of the council’s wider investment programme, which includes resurfacing, better pedestrian access, and traffic signal improvements. The council is committed to completing all new projects by March 31, 2026, with contracts due to be finalised by March 31, 2025.
Wren Sterling makes trio of acquisitions
Milligan appointed strategic asset manager at Chesterfield’s Pavements shopping centre
2024 “a highly successful year for Nottingham Building Society”
The Society saw 9,166 new mortgage customers in the year, an increase of 32% on 2023.
Meanwhile, £154.6m in total interest was paid to savers, an increase of £62.8m on the prior year. The business saw pre-tax profits rise to £13.9m, representing an increase of £5.6m on 2023.Sue Hayes, Chief Executive Officer, said: “2024 was a highly successful year for Nottingham Building Society – and the Society is now its largest in asset terms than at any time in its 175-year history – we have reached a record level of £4.2bn in mortgage assets and £5.2bn in total assets.
“Our strong set of results for 2024 are driven by a 37% increase in gross new mortgage lending, an uplift in new business margins and continued strong customer service feedback.
“We helped 32% more customers own their own home by taking out a mortgage with us for the first time or moving to a new mortgage.
“Most importantly our strategy of supporting those who find it more difficult to get a mortgage in the first place has started to be evidenced and we are establishing our Society as a specialist residential lender. In 2024, we launched a new proposition aimed at foreign nationals living in the UK, supporting those entering the country to support our valued service sector to own their own home.
“Our mortgage balances increased by 18.6% compared with the previous year, whilst overall lending in the UK mortgage market has fallen. Our total mortgage assets have grown by 40 per cent since we began our transformation journey in 2022.
“We were delighted to welcome more savings customers to the Society via our online savings app as well continuing our commitment to passbooks for our branch customers – leading to an increase of 22% in our savings balances. As interest rates remained high throughout the year, we focused on paying savers the best rates we can whilst investing to strengthen the Society. In total, we paid £154.6m in interest to savers in 2024.
“We maintained our Trustpilot score of 4.9 reflecting our exceptional service that we know is highly valued by our customers.
“We are proud that we have seen an increase in statutory profit enabling us to invest for our members and make good progress in delivering our strategy. We invested in our technology, our brand and in developing our propositions to ensure our Society is well placed for the future.
“We took the decision to provide voluntary financial support to those members impacted by Philips Trust Corporation.
“Looking ahead, we believe it is important to enable a market where saving is encouraged and incentivised and alongside other Societies, we advocate for the current cash ISA regulations to be maintained.
“I am proud of the results we are sharing today and would like to thank our members for their continued trust and support to the Society. In 2025, the sector celebrates 250 years of building societies and we are more committed than ever to the mutual values that we know are fundamentally important and highly valued by our members.”