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Record revenue for Leicester electrical retailer
Mark Smithson, Chief Executive Officer, said: “We are delighted to finish the year with revenue growth of 21.5% to a record £97.8m, especially against the prevailing economic back-drop. This further demonstrates the strength of our business model and the attractiveness and advantage of our market-leading customer offering, as more people continue to discover our brand up and down the country.
“During the final quarter, we remained focused on customer service excellence and were proud to have received over 4,500 5-star Trustpilot reviews. This, combined with our operational capacity improvements and the strengths of our unique single-site fulfilment and distribution model, enabled us to continue to offer an industry-leading next day delivery and installation service for Major Domestic Appliances and Consumer Electronics across the country.
“Our newly launched integrated, gas, electric and television installation service continues to grow strongly, with over 80% growth in bookings year on year, demonstrating the demand for this premium offering when buying an appliance. We expect to see further growth in this service during FY24 and are excited about its potential.
“After an improvement in profitability in the third quarter, we continued this trajectory with improvements in gross margin and operational leverage, allowing us to exceed our full year targets on profit and cash conversion, even as we grow market share.
“I would like to take this opportunity to personally thank all our colleagues and brand partners for helping us achieve a strong year of growth, despite the challenging market environment. Working closely together has enabled us to build our position as a growing but agile and profitable national electrical retailer.
“As we look to FY24, following a strong exit in March and a positive start to April, we are wholly focused on maintaining our performance management discipline on revenue, profit and cash in order to continue to demonstrate our differentiated proposition.”
Everything, everywhere all at once – an Oscar winning Budget? By James Pinchbeck, partner at Streets Chartered Accountants
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Streets Chartered Accountants covers energy bills, capital allowances, National Insurance, changes in VAT penalties, interest rates increases, and more in new news roundup
Connect with hundreds of industry professionals at the Property & Business Investment Lincolnshire Expo
Barwell residential scheme to go ahead following planning appeal
Planners at Harris Lamb have successfully appealed against attempts to block 51 new homes being built near Hinckley.
The development, earmarked for a greenfield site located on Hinckley Road in Barwell, will now go ahead after being given the green light by a Planning Inspector.
Harris Lamb were instructed by Barwell Capitol to mount an appeal against Hinckley and Bosworth Borough Council after the authority failed to determine a planning application proposing the construction of 51 properties, ranging from two- to five-bedrooms, on the site.
The application was submitted in July 2021. It remained undetermined at October 3rd last year and a non determination appeal was made. The hearing and site visit were held earlier this year.
Although an official decision was not provided, the Council sought to resist the development on a number of grounds, suggesting the development would not provide satisfactory living conditions for the residents, and concerns over the safeguarding of protected species and the provision of a net biodiversity gain.
In responding to the issues, the inspector appointed by the Secretary of State, M Aqbal, said: “I have considered these arrangements and found that they would not result in any unacceptable impacts on living conditions. I, therefore, do not share the Council’s conclusion that these arrangements are indicative of a poor and cramped layout.”
The Inspector went on to say that an Ecological Impact Assessment had been submitted at the time of the application providing the results of relevant ecological and protected species surveys, confirming that the presence of protected species was not a statutory ecological constraint to the development, subject to recommendations for precautionary measures, adding: “As such, and based on the discussions at the Hearing, the reference to protected species in the Council’s reason for refusal was an oversight.”
In approving the plans, the inspector added that in the interests of safeguarding protected species and to enhance biodiversity, a condition had been imposed requiring that the development be carried out in accordance with recommended mitigation measures contained in the ecological survey submitted alongside the application.
Simon Hawley, of Harris Lamb’s Planning Consultancy team, said: “We are, once again, that our appeal has been successful and that this development can proceed, bringing much-needed, quality homes to the area.
“We take great care in working with our clients in preparing these plans to ensure that all proposals are submitted with ecological impact assessments and that we include comprehensive measures to ensure the buildings are sympathetic with the local surroundings and include contributions to enhance and improve the infrastructure and facilities to benefit all residents.
“We are pleased that the inspector took the time to thoroughly understand the full extent of these plans and the beneficial impact they will have on the community in making this ruling.”
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Streets Chartered Accountants sponsor Overall Winner for sixth year running at the East Midlands Bricks Awards
“The Bricks has earned an enviable reputation as a must enter awards for those involved in the construction and property sector from across the East Midlands. As such we are delighted to be sponsoring the ‘Overall Winner’ category for the sixth year in a row and are really looking forward to attending this year’s awards evening in September.”
The awards, which will take place on Thursday 28 September at the Trent Bridge Cricket Ground, celebrate the outstanding work of those shaping the landscape of our region, recognising development projects and people in commercial and public building across the East Midlands – from offices, industrial and residential, through to community projects such as leisure schemes and schools.
Nominations are now OPEN for East Midlands Business Link’s annual Bricks Awards.
To nominate your (or another) business/development for one of our awards, please click on a category link below or visit this page.
- Most active estate agent
- Commercial development of the year
- Responsible business of the year
- Residential development of the year
- Developer of the year
- Deal of the year
- Architects of the year
- Excellence in design
- Sustainable development of the year
- Contractor of the year
- Overall winner
Book your tickets now
Tickets can now be booked for the awards event – click here to secure yours. The special awards evening and networking event will be held on Thursday 28 September 2023 in the Derek Randall Suite at the Trent Bridge County Cricket Club from 4:30pm – 7:30pm. Connect with local decision makers over canapés and complimentary drinks while applauding the outstanding companies and projects in our region, and hear from Mike Denby, Director of Inward Investment and Place Marketing at Leicester City Council, our keynote speaker. Dress code is standard business attire. Thanks to our sponsors:
To be held at:
Adults helped after homelessness by Derbyshire housing trust given eggcellent Easter by generous local companies
Easter eggs aren’t just for children – that was the feeling of generous company staff when they donated hundreds of chocolate treats for grown-ups helped into Derbyshire properties after experiencing homelessness.
Shacklocks solicitors, which has branches in Belper, Derby, Ripley and Mansfield, turned Easter bunny in aid of people supported by Derventio Housing Trust. Derventio’s residents received more than 50 eggs donated by Sean Clare, senior business director at Blue Arrow recruitment, too.
The legal firm donated huge numbers of eggs, bunnies, sweets, vegan and diabetic-friendly goodies to help people in Derventio’s properties enjoy their Easter.
The eggs were handed over to grateful Derventio staff working at its Growing Lives base in Ilkeston. Growing Lives is a day centre run by Derventio which provides people in its properties – and referred there via other services – with communal activities such as woodworking, craft and walks, with the aim of helping support them to get back on their feet again.
Many people who have attended Growing Lives have said it really helped them turn their lives around. They include Cotmanhay man Darren Cox, who went from homeless and attempting suicide to training to be a lay preacher, helping others through his church.
Penny Wiltshire, funding and development manager at Derventio, said: “We received four boxes absolutely brimming with a massive variety of treats from Shacklocks. They had gone to so much trouble. The donation of more than 50 eggs from Blue Arrow just blew us away too.
“They will be much enjoyed by our residents. When you’re short of money, the last thing you think about doing is going and buying yourself a bit of chocolate. By doing this at Derventio with generous support from companies like Shacklocks and Blue Arrow, we are showing our residents that we’re not just helping them out with giving them a roof over their head, we want to support and look after them and help them develop, and actually just give them a treat now and then!”
Derventio now manages 600 bed spaces of accommodation for single homeless people in Derbyshire, Nottinghamshire, Staffordshire, Warwickshire and Wiltshire, and helps more than 1,100 people a year by offering housing, support and specialist projects in order that they improve their health and wellbeing, increase resilience and prepare for independent living, learning and employment.
It is appealing to businesses to support its work by donating to support starter and moving on packs to help people move into its properties, and then move on at the end of their time with Derventio.


