Nottingham Castle closes to visitors as Trust begins process of appointing liquidators

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Nottingham Castle Trust has begun the process of appointing liquidators, with the Castle grounds and exhibitions closing to all visitors until further notice. Tim Bateson and Chris Pole of Interpath Advisory have been nominated by the board to be appointed as liquidators to formally wind up the affairs of the Trust. Their appointment will take place during the course of the next ten days. A statement from Nottingham Castle says: “We would like to thank all the Castle’s supporters, including the thousands of visitors that have been through our gates. Finally, a huge thank you to staff and volunteers who made Nottingham Castle such an amazing place to visit.” The news follows work to transform the castle, with a £31m redevelopment project including the refurbishment of the 17th century Ducal Palace, medieval Gatehouse, and sprawling cave networks. A new Visitor Centre, located within the foreground of the remodelled landscape, meanwhile, was created to provide new guest facilities. Visitor numbers have been lower than anticipated, while the Trust has seen a number of controversies. Nottingham City Council’s portfolio holder for leisure, culture & planning, Cllr Pavlos Kotsonis, said: “It is a matter of huge disappointment that Nottingham Castle Trust, which has been responsible for operating Nottingham Castle, has informed us that in light of its trading performance, it is in the process of appointing liquidators and closing the site, which it will be handing back to the council. “This is clearly a significant blow for the city and its visitor economy. The council’s immediate priority is to work with the appointed liquidators to support those staff at the Castle who have been affected by this sad news, and to safeguard the site and its collections while it is not operational. “We appreciate the significant efforts that the employees of the Trust have put into the site and understand how devastated they must be by this news. “We will re-open the castle as soon as possible. Once we have a clearer picture from the liquidators, we will explore all available options together with our key partners The National Lottery Heritage Fund, Arts Council England and others to develop a fresh business model. “There is a real commitment from all parties to see this important cultural asset fulfil its full potential for the city and the wider region as a successful visitor attraction, playing a key part in our wider plans to bring investment, jobs, visitors and growth to Nottingham and its residents.”

Wilko enters talks for £30m loan

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Nottinghamshire-headquartered Wilko is in talks to land an emergency loan as cost pressures grow for retailers as we approach Christmas, according to The Times. Wilko is said to be looking to alternative lenders for a £30 million injection, entering the talks after being unable to agree to an extension of its revolving credit facility, due to interest rate rises. The news follows the business agreeing a sale and leaseback deal with DHL at its Nottinghamshire distribution centre to unlock £48 million. The company said this would be just the first of a series of positive partnership benefits that would allow the business to further improve the proposition and the customer experience across its 402 stores and wilko.com.
At the time, Jerome Saint-Marc, wilko CEO, said: “It’s standard business practice to constantly review how we manage our finances. This property deal with DHL represents long-term stability for us and our team members and is the right response to the current market conditions and our priorities. “We’re making smart choices to trade a business and allow us to continue to invest in our long-term transformational strategy. Wilko remains family owned and continues to focus on helping hard working families to be the best that they can be, delivering great value products to our customers.”

Mobility products manufacturer secures J28 warehouse unit

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Commercial Property Partners (CPP) has let a 64,002 sq ft modern warehouse facility at The Nursery in South Normanton to Pride Mobility UK Limited.

The US company, the designer and manufacturer of mobility products, recently acquired the Nottinghamshire-based rise/reclining chair manufacturer Sitting Pretty with a view to relocating its whole operation to accommodate future expansion plans.

Unit 2, which forms part of The Nursery industrial scheme, offered Pride Mobility three times the space of the previous manufacturing site, with circa 85 staff relocating to the new base, which also enjoys easy access to Jct 28 of the M1, only one mile away.

Built in 2006, Unit 2 is a detached steel portal frame unit with 10m clear working height, four dock level loading doors, two level access loading doors, a two storey open plan office with canteen and welfare facilities. Externally, the unit boasts a 40m concrete, fenced and gated yard and circa 80 parking spaces.

Wincobank Way forms part of the South Normanton industrial estate, an established commercial location which has attracted numerous key occupiers including Eurocell, Alloga UK, Radius Systems and GXO Logistics. Road connectivity and access to a local skilled labour market also help to underpin the location as a sought-after manufacturing and logistical base.

Sean Bremner, director at CPP, said: “Staff retention was a key requirement for the tenant and so finding a solution within relative close proximity to their existing premises was important. The company is very brand conscious and Unit 2 represents a high quality building to fit the profile of Pride Mobility UK Limited.

“There was a lot of interest in the facility and we’re delighted to have secured Pride Mobility UK Limited whose expansion ambitions can only be good for the area.”

Stephen Wright, operation director at Pride Mobility UK, said: “Thanks to Sean Bremner, CPP & the owners of the Building. We have been able to move into this building much quicker than we expected, which in turn has given us the space we desperately needed due to the business growing rapidly since acquiring Sitting Pretty back in July 2021.

“The new building gives us the space we need to move the whole operation under one roof, including dispatching goods from South Normanton instead of our Pride Mobility subsidiary in Oxfordshire and more importantly being able to keep all of our existing staff and their wealth of experience rather than having to relocate the business to a different area.

“From January 2023, Sitting Pretty by Pride Mobility Ltd will be running its newly polished, full scale operation out of South Normanton for the foreseeable future.”

Growth for rg+p’s planning division

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The planning division at multi-disciplinary design practice, rg+p continues to grow with director, Chris Lindley reporting two new appointments alongside instructions from across the development industry including strategic land promotion, affordable housing, later living, commercial, energy and heritage projects. “Since I joined the practice circa 18 months ago, the team and our work has evolved quite significantly,” says Chris. “Two new senior planners, Ellie Dukes and Dale Radford have joined with backgrounds in planning policy and development management respectively, meaning we’ve been able to collaborate more closely with our design colleagues, especially on the architecture and placemaking sides. “We’ve also increased the diversity of our portfolio, undertaking several projects in historic environments involving listed building and scheduled monument consent regimes. This includes the Butterley Engineering site in Derbyshire where our work is supporting a significant regeneration project. Further diversification has seen us appointed on renewable energy schemes including solar PV installations in sensitive environments such as the Grade II listed St Mary’s College in Oscott, West Midlands. “Of course, this is not to discount our work in the housing sector, where we remain especially active, working for five leading affordable and specialist housing providers across the UK as well as promoting strategic land opportunities including an outline planning application we have recently submitted in the Derbyshire Dales for respected land promoters, Richborough Estates. “Looking ahead, there are inevitably challenges to navigate. Firstly, urgent reform is needed in the planning sector to rebalance resources and unblock the sheer volume of cases so that development can progress. Secondly, more effective and constructive communication between public and private sector colleagues is absolutely essential as it can overcome these resource challenges and focus professional debate. “Unfortunately, the pandemic has exacerbated a reliance on virtual communication and this prohibits building natural rapport. There are some local authorities positively addressing this by re-introducing forums for discussion, and their officers and members should be applauded for this, but it’s needed as standard practice on a national scale to bring professionals together and promote positive dialogue. “From an rg+p perspective, we anticipate several significant instructions maturing over the next year as we continue to support our architecture and project management colleagues and diversify further into the commercial, student and education sectors, meaning we are therefore likely to recruit in the near future. We’re also seeking to become more knowledge-led, using our expertise and awareness of legislative reform to add value for clients,” concludes Chris.

200 Degrees names Switch Up as charity partner in three-year commitment

East Midlands-based coffee roaster 200 Degrees Coffee has announced its partnership with Nottingham-based Switch Up, as part of a three-year commitment.

The roaster has created a unique Switch Up roast of coffee and brand-new coffee pods, which will be available to order across its 18 coffee shops, with £1 in every kilo roasted going directly to the charity – with a minimum commitment of £10,000 a year.

The speciality grade coffee itself is grown in Guatemala produced exclusively by female farmers, which is unusual in the typical male dominated coffee industry, under the ‘La Morena’ collective group from Volcafe Select. Since they joined the programme, the farmers have raised the quality of their coffee, increased their yields, and, as a consequence, started earning more. In teaching them best practices, their farms are turning out excellent coffee and becoming viable businesses.

Customers can request the Switch Up blend when purchasing bags of coffee in store or online, and on sit in or takeaway drinks during selected times.

Switch Up, which was founded by CEO Marcellus Baz BEM, empowers young people, children and young adults from disadvantaged communities affected by crime and violence to reach their true potential. The charity uses its five-pillar approach to help connect young people with employment, training and education opportunities.

The three-year partnership with 200 Degrees will provide much-needed funding for the charity, enabling its team of mentors to continue to offer their vital support to young people and run its sister organisation the Nottingham School of Boxing.

CEO Rob Darby said: “Life can be challenging and volatile for some young people and the incredible work Marcellus and the Switch Up team do has a direct and positive impact on young lives.

“200 Degrees is a Nottingham born business and it’s important to us to support local organisations and causes. The passion, care and impact of Switch Up is immeasurable and we are humbled and proud to be supporting them.”

200 Degrees is also hosting its annual Swap Shop event, across its 18 coffee shops, on Tuesday 6 December. The coffee roaster is asking customers and members of the public to bring new, unused and unopened hygiene items in exchange for a delicious cup of coffee. These items will then be donated to local charities who need them most, with 200 Degrees’ Nottingham Flying Horse Walk shop gifting its donations to chosen charity Switch Up.

Marcellus Baz, founder and CEO of Switch Up, said: “We are absolutely delighted to be galvanising our partnership with 200 Degrees. The support of 200 Degrees, through their amazing Swap Shop initiative, made a significant difference to the help we could provide to vulnerable families across Nottingham last Christmas.

“This year is set to be even bigger and better through the addition of the donations that will be made through the Switch Up coffee. Purchasing a few bags will make a fantastic Christmas gift or it’s a really great way for local businesses to lend their support to a worthy cause that impacts their city.

“All funds will go towards supporting those struggling with their mental health or at risk of having no food on their table or presents under their tree this Christmas. Unfortunately, with the aftereffects of the pandemic and the cost-of-living crisis still being felt, this will mean that we will be helping more local people than ever before.”

Since its inception in 2013, Switch Up has continued to support over 800 young people at any one time from its boxing gym in St Ann’s, Nottingham, and earlier this year, from a second location in Mansfield. The charity has further plans for expansion, to reach and support more young people and their families.

4 tech upgrades all SBEs must have before 2023

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Technology upgrades may seem like the least important investment for small businesses—but there’s a good reason why they should be prioritised. Startups Magazine reveals that more than three quarters of UK SBEs fail to compete with more established organisations due to their lack of access to innovative technologies. Many SBE professionals still rely on spreadsheets and other outdated technologies, which negatively affects their growth, recruitment efforts, and cybersecurity. Budget constraints often hold back entrepreneurs from investing in the latest technologies. Instead of purchasing every innovation, small businesses can optimise their budgets and experience their desired growth by focusing on the following technology upgrades: Upgrade your cybersecurity software programs Cyberthreats have advanced, which makes it easy for attackers to prey upon businesses with old hardware and software programs. The Cybersecurity Breaches Survey 2022 revealed that two in five businesses experienced breaches and attacks in the past year, with some even getting threats at least once a week. Unfortunately, only 13% of small businesses review the security risks of their systems, making them very vulnerable to cyberattacks. To prevent these issues, the first tech upgrade small businesses need is an updated cybersecurity software program, such as SecPod SanerNow or LifeLock. These programs regularly check security vulnerabilities and block cyberthreats immediately, which are useful for small businesses. Leverage virtual reality for recruitment tasks It’s quite difficult for small businesses to attract candidates, especially if they’re still establishing their brand. However, an insight on LHH regarding new technologies shares that businesses can use virtual reality gadgets like 8i to create 3D videos of the business for job postings. A survey found that these videos can increase the posting’s chance of being viewed by more than 12% and generate more applications by 34%, which is why it’s not surprising that big companies like GE and Ocado produce 3D recruitment videos. Aside from that, businesses can also utilise VR headsets for virtual interviews to make the applicant attraction and assessment process much easier. Invest in AI for personalised marketing strategies Marketing strategies can be difficult to execute when you have limited staff. Businesses typically have to assess thousands or even millions of marketing data to properly target their consumers. To make this process easier, plenty of organisations leverage artificial intelligence. Our article on How to Use AI to Improve Your Marketing Strategy highlights that businesses can personalise their e-mail campaigns based on their target audience through tools like Optimail. On top of that, businesses can also upgrade from their marketing technologies to tools like Optimove, which can analyse customer data and generate actionable insights for your marketing campaigns. Centralise your CRM technologies Instead of juggling multiple customer service tasks, small business owners can improve their customers’ experience by utilising customer relationship management (CRM) tools. These technologies are more crucial than ever, now that the Institute of Customer Service discovered a 16% rise in customer problems in the UK. The institute calculates that UK firms spend about £9.24bn every month to simply handle complaints from their consumers. These costly issues can be prevented by centralised CRM technologies, like Zendesk or Microsoft Dynamics. These tools organise customer data in its storage and automates interactions like calls and meetings to help businesses provide better customer experiences. Relying on outdated technologies can lead to costly problems, like customer complaints, limited staff, and cyberattacks. Through these four upgraded technologies, SBEs can improve their offerings and optimise their operations.

Copley Scientific named Nottinghamshire Business of the Year

Copley Scientific, which designs and manufactures pharmaceutical test equipment used across the world, has been crowned the Nottinghamshire Business of the Year by East Midlands Chamber. The Nottingham-based company – which exports about 85% of its products to more than 70 markets across Europe, Asia, Australasia, Africa, and North and South America – also won the Excellence in International Trade and Small Business categories at the Nottinghamshire Business Awards, which was held on Friday (18 November). Established in 1946 and employing more than 30 people in Colwick, Copley Scientific has made major investments in its manufacturing capabilities in recent years to develop new products. As part of its global expansion, the company has made its website available in both English and Mandarin languages to help growth in China, while it has become a regular at trade shows in target markets. The Nottinghamshire Business Awards, held in partnership with headline sponsor Mazars, recognised East Midlands Chamber members across 13 categories, ranging from Excellence in Innovation and Environmental Impact at organisational level through to individual honours for Entrepreneur of the Year and Apprentice of the Year, in addition to the overall Business of the Year winner. Finalists, chosen by a judging panel of the Chamber’s senior leadership and board of directors, as well as sponsors, discovered their fate during a gala dinner attended by hundreds of people at the Nottingham Belfry Hotel. Scott Knowles, Chief Executive of East Midlands Chamber, said: “The past few years have been challenging for our business community, and yet we continue to see so many shining examples of business success across our region. “It’s always important to celebrate these achievements and shout about the great things happening right here in Nottinghamshire. We know it is a fantastic place to do business and these organisations – many of which have worked together to maximise their impact within their sectors and communities – are doing a wonderful job. “Later this month, the Chamber will launch a Business Manifesto for Growth in the East Midlands and Beyond in Parliament that illustrates how our region is a Centre of Trading Excellence. Our Business Awards are full of companies that are living proof of this.” The Nottinghamshire Business Awards – one of three awards hosted by the Chamber, along with Derbyshire and Leicestershire – were hosted by comedian Patrick Monahan. A raffle was held to raise funds for East Midlands Chamber president Lindsey Williams’ three chosen charities this year – Focus, Nottinghamshire Wildlife Trust and Treetops Hospice. Lindsey, Chief Executive of housing association Futures Housing Group, added: “Behind every nominee and winner whose name will go up in lights are people and organisations that are truly delivering for the region. Their achievements generate employment, wealth and opportunity not just for those directly connected, but for the wider community. “So I’m proud to see the Chamber yet again take the opportunity to bring us together and celebrate our top talent – for their success but also for what they bring to the East Midlands as a whole.”

Howes Percival strengthens East Mids commercial property team with senior appointment

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Howes Percival has strengthened its commercial property team in the East Midlands with the appointment of Michelle Woolston as a director. An experienced property solicitor, Michelle has re-joined Howes Percival where she trained and worked for a number of years, from Kemsley & Company. Michelle deals with all aspects of commercial property work, including commercial and residential development; advising landowners and developers in relation to options, conditional contracts and promotion agreements; dealing with landlord and tenant matters, including portfolio acquisitions and management; corporate support and secured lending. Lucy Lord, commercial property partner at Howes Percival, said: “We are delighted to welcome Michelle back. She first joined Howes Percival as a trainee in 2000 and worked from both our Leicester and Northampton offices for a number of years after qualifying.  Michelle is a very accomplished property solicitor with a proven track record, a wealth of experience and a loyal client following. “The market remains resilient, and with the addition of Michelle we have strengthened our commercial property offering to support our clients.”

University appoints OMEETO for property disposals

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Commercial property consultants OMEETO has been appointed by the University of Derby to handle the sale of several surplus properties in Derbyshire and Staffordshire. OMEETO will work alongside Tim Garratt FRICS of Blackstar Advisory in the disposal programme which includes:
  • Oaklands Manor in Buxton – a former outdoor pursuits centre with 57 acres of woodland which is currently used as a leadership training centre
  • Northwood House in Buxton which was originally built as a gentleman’s residence and is steeped in local history which has scope for conversion
  • The Harpur Hill Sports Centre in Buxton which is currently part of the Buxton and Leek College
  • A commercial retail premises in Leek
The University of Derby joins fast-growing OMEETO’s portfolio of retained clients including Bolsover District Council whose properties for sale includes a diverse range of office, workshop and industrial properties across Derbyshire and Nottinghamshire. Set up in 2020 by Chris Wright, who has more than 25 years’ commercial property experience, OMEETO is also working for Entain plc whose brands include household names such as Ladbrokes and Coral – handling the disposal of retail premises throughout the Midlands and South Yorkshire. Chris Wright said: “We are delighted to have the opportunity to work alongside Blackstar Advisory and to utilise our extensive contacts and in-depth knowledge of the commercial property market across the East Midlands to support the University of Derby with these sales. “There have already been several early expressions of interest for the properties and prospective purchasers can contact us for further details.” Tim Garratt from Blackstar Advisory said: “I have worked with Chris over many years and am delighted to be doing so again. I have acted for the University for nearly 25 years, so have an in-depth knowledge of them and these properties.” Andrew Bevan, interim director of estates at the University of Derby, said: “Following a formal tender process we were delighted to appoint OMEETO to handle the sale of these properties. “We were impressed with Chris and the team’s extensive experience, strong local focus and rich network of property professionals and believe they are the right company to deliver the results we need.”

Chilled Pubs Group snaps up modern food grade unit in Derbyshire

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Burton-based commercial property agents, Rushton Hickman Ltd, has let a 5,163 sq ft (479.7 sq m) modern food grade specification unit to the Chilled Pubs Group for their in-house storage, food preparation and brewing purposes. The property is located on Oaklands Farm, Coton Lane, Walton-on-Trent, and is fully insulated, including wipe down walls, cold store, resin flooring and internal drainage. The Chilled Pubs Group are a well-established chain of local pubs specialising in high quality food offerings sourced from local suppliers. Chilled Pubs commercial director, Travis Toyne, said: “We have a simple philosophy – seriously good food, in an unserious way! “We chose this location as it is central to our current pubs and was only 1 mile from our previous smaller unit where the central team used to operate from. We needed somewhere that ticked the boxes for the company, but also our team who already worked in our central kitchen. “We chose this unit as it gives us gives us consistency across our pubs, offers great growth opportunities, and the biggest opportunity for us is to be able to utilise the location of being on a dairy farm and explore the possibility of making Jersey Milk Gelato, having our own milk, and making our own butter.” Rushton Hickman commercial property agent, Simon Walker, said: “I met Travis at another property, which didn’t quite meet with his requirements and advised him that he should view the unit that he has now leased without delay. “I arranged access with my client and we both headed off to view that unit immediately, as finding the right property and completing the lease within a swift timescale was particularly important to Travis. Naturally, Chilled Pubs, the landlord and Rushton Hickman are all delighted to have completed on this lease deal.”

Further deadline extension for Pendragon takeover bid

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Nottingham-headquartered car retailer Pendragon has further extended the ‘put-up or shut-up’ deadline for Hedin Group to make its firm offer for the business, though has said “there can be no certainty that a firm offer will be made.” The Hedin Group, which has over 200 car dealerships, is a family-owned company with operations mainly in the sale and service of vehicles, wholesale of spare parts and tires for vehicles and rental car operations.

Back in September Pendragon received an unsolicited, preliminary and conditional proposal from Hedin Group regarding a possible cash offer for the entire issued and to be issued share capital of Pendragon at 29 pence per share, valuing it at £400m.

Then on 24 October, Pendragon confirmed that the put-up or shut-up deadline had been extended to 21 November to allow Hedin Group to finalise its necessary due diligence.

Now, “in order to finalise the necessary transaction documentation,” the company has requested and been granted an additional extension to the date by which Hedin Group is required either to announce a firm intention to make an offer for Pendragon or to announce that it does not intend to make an offer.

This must now be made by 9 December 2022.

Another bid for the firm however may yet be made, following speculation reported by The Telegraph that Constellation Automotive, the group behind Webuyanycar and Cinch, could launch a rival offer. Pendragon recently found itself embroiled in a $60m ransom demand after a cyber security breach.

Black Friday: East Mids cyber security expert warns shoppers to be vigilant

Cyber criminals will be looking to exploit shoppers during the Black Friday sales – an expert from East Midlands cyber security firm CSS Assure has warned. People in the UK are planning to spend an estimated £3.95bn on Black Friday (25 November) and Cyber Monday (28 November) purchases this year, according to research by comparison site Finder. Mike Wills, director of strategy and policy at cyber and data security firm CSS Assure, said bargain hunters lowering their guards during the rush to bag the best deals are at greater risk of malicious threats. He added: “In the run-up to and during Black Friday and Cyber Monday, many outlets will run promotional offers to encourage spending. This is a potentially lucrative time of year for cyber criminals as they know shoppers are less vigilant as they rush to snap up the best deals. “Cyber criminals will no doubt be looking to take advantage of the vast amount of transactions taking place and the financial information being shared as a result. There is also an increase in promotional email traffic, which makes it hard to differentiate the real bargains from scams – presenting a heightened risk of phishing attacks. “With this in mind, it is important consumers take steps to protect themselves and their families during two of the biggest shopping days of the year.” Password management “Firstly, shoppers should change their passwords right away. While this is a faff, it is the single greatest defence you can make to protect yourself against a cyber attack and will instantly make you much safer online. “Currently, there are millions of emails and passwords for sale on the dark web, which have been breached by companies that have not protected people’s personal data sufficiently. Cyber criminals can buy this data for minimal amounts of money and gain access to your emails. “They will look for social media accounts and online high street accounts and test your combination to gain access. From this, they can gather more personal data until they have enough to conduct identity theft, which could result in credit being taken out in your name or using your saved payment cards to make online purchases, for example.” Personal data breach identification “It is a good idea to understand whether your data has been breached so you can put in place other necessary measures to protect yourself. To do this you can use a free service provided by Have I Been Pwned. All you need to do is enter your email address and the site will tell you whether it is associated with a breach and if so, what other data has been stolen. “If you have been breached, it is even more important that you change your password to break the chain. Next, you need to understand whether you have been entered into any spambots – as the name suggests, these are bots that send spam to you. “While some spam is laughable, others are highly credible. If you’re rushing, there’s a higher change you will click a link in a spam email, which could execute malware or ransomware on your device. “Unfortunately, the only way to rectify and avoid your exposure to spam – and, in turn, the chances of clicking on a malicious link – is by changing your email address. This is best done by transitioning email address information on websites over a period time. While this is an arduous task, it is an effective and vital way to protect yourself.” Check your anti-virus protection “Finally, make sure your anti-virus protection is installed, activated with a valid licence and updated. While free anti-virus software is available, in life you get what you pay for and it may not protect you sufficiently. Competition to provide the best anti-virus changes year on year between the main vendors as they achieve technology breakthroughs in response to the evolution in cyber threats. “The best thing to do is check reputable tech websites for reviews of the best current anti-virus software. We recommend buying a one-year licence, and then when it comes to renew, assess which company has moved to the forefront of anti-malware protection. There will always be new customer deals to be had.”

Proposed Long Eaton Cultural Hub development scrapped to secure other regeneration projects

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Richard Ledger, chairman of the Long Eaton Town Board, has backed a decision by all of its members bar one to close down the proposed £5.59 million Box Office Cultural Hub development in favour of securing remaining regeneration projects and to resurrect the previously mothballed Britannia Road Canal Bridge as part of the Long Eaton Walking and Cycling project. The decision “was not taken lightly” by the board, which is made up of independent members from the Long Eaton business and voluntary community as well as representation from the local authority and other organisations. It was agreed at the meeting that the £5.59m would be reallocated to other projects to help offset rising inflation and other cost pressures. The other projects that will benefit from a much welcomed cash injection will include the Galaxy Row development receiving an additional £0.68m; the Long Eaton High Street and Derby Road Junction projects will receive a further investment of £1.7m and £1.6m respectively to mitigate inflationary and other cost pressures. The Britannia Road Canal Bridge, previously withdrawn due to a lack of funds, will now be reinstated thanks to reallocated support of £1.61 million and will offer a much welcome addition to the Long Eaton Walking and Cycling project. Richard Ledger, chairman of the Long Eaton Town Board, says: “Whilst it has been an extremely difficult decision to close the Box Office Cultural Hub project, we are pleased to see the Britannia Road Canal Bridge reinstated and the reallocated funding helping to secure other developments that have been challenged by rising inflation and other cost pressures. I look forward to sharing progress in the near future as the Board continues to work hard to make a real difference and deliver regeneration for Long Eaton.”

J Tomlinson awarded two-year contract for council home improvements

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A new contractor has been appointed to deliver improvements to council homes in Charnwood. J Tomlinson, a property maintenance firm, has been awarded a two-year contract by Charnwood Borough Council to deliver planned improvements to council-owned homes across the borough. The contract will include full and partial kitchen, bathroom and toilet replacements as part of the Council’s programme of improvements to its housing stock. It will also involve works such as internal and external structural alterations alongside refurbishments to empty properties. The new contract came into place this month following a rigorous tendering process. Cllr James Poland, the Council’s lead member for public housing, said: “I welcome this new contract and continued investment into our properties. These improvements to amenities such as bathrooms and kitchens will provide a better standard of living for our tenants. “I’m looking forward to seeing J Tomlinson delivering the works to a high standard as well as demonstrating care for our tenants.” The Council manages around 5,500 residential homes across the borough. The two-year contract has potential to be extended for an additional two-years and has an estimated value of around £9 million. Chief Executive Officer at J Tomlinson, Mark Davis, added: “We are over the moon to continue what has been an excellent working relationship with Charnwood BC over the last few years and from a personal perspective for a lot longer. “Having an impact on the borough and individual communities is what drives our enthusiasm, and we look forward to doing this under a much wider remit with our colleagues at CBC over the next couple of years.” J Tomlinson were established in the 1950s by the Tomlinson family in Nottinghamshire. The business has expanded over the years, and they now work throughout the Midlands and the North of England.

Tiles UK demolition paves the way for new £5m business and retail space in Stapleford

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A brand new £5m Enterprise Hub is on the horizon for Stapleford following the demolition of the old Tiles UK building on Derby Road. The Hub will be an exciting destination for independent bistro style food outlets with space to host vibrant markets, events, creative and functional activities on the ground floor, flexible office space for start-ups and existing business on the first floor, and a community roof garden terrace on the second floor. It will be built on the current Victoria Street car park which will move to the cleared Tiles UK site. Victoria Street car park will not be closed until the new car park has been completed. The Enterprise Hub is one of six projects being funded through Stapleford’s £21m Towns Fund, a Government scheme which aims to regenerate and revitalise towns across the UK. Paul Sweeney, vice chair of the Stapleford Towns Fund Board, said: “Local people told us it was important to them to bring the high street back to life. We have too many vacant and derelict buildings which has a negative impact on people’s perceptions of our town, as well as local pride. “The Enterprise Hub project was designed to transform the town centre, to attract more people to come to work and shop, and enjoy their spare time eating, drinking and socialising too. We know this will breathe life back into our great little town and make it the place we know it can be.” Milan Radulovic MBE, leader of Broxtowe Borough Council, said: “This exciting new £5m Enterprise Hub will give people a vibrant working and living offer that will appeal to different people at different times. We want Stapleford to stand as a model for what a small town can achieve. We’ve seen the success of Beeston and know Stapleford has got what it takes too.” Construction of the Enterprise Hub will begin once the new car park has been opened on Derby Road. The Hub will be open for business in 2024/25.

Midlands businesses raise £110m in venture capital investment amidst global economic challenges

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Growing businesses in the Midlands secured £110 million in venture capital investment in the third quarter of the year, according to KPMG UK’s latest Venture Pulse report. A total of 31 innovative companies, 17 in the West Midlands and 14 in the East Midlands, received investment in the third quarter of the year, highlighting that the UK scaleup ecosystem continues to appeal to investors but they are increasingly cautious about how much they are investing. Joining the Midlands Engine Investment Fund (MEIF) as a leading investor in the region, FSE Group also supported SMEs in the Midlands with growth funding. Among the companies securing investments were Onto, the all-inclusive electric car subscription, and Worn Again Technologies, the recycling firm working to rehaul the textile industry. This signals the growing investor interest in companies with genuine environmentally friendly credentials. Khush Purewal, partner and head of deals at KPMG in the Midlands, said: “Amid a growing energy crisis, economic turbulence, continued pandemic impacts and increased pressures on businesses, funds continue to flow into businesses across all sectors in the Midlands, particularly those with strong ESG roots. “Whilst some VCs will be focussed on existing portfolios, many have a commitment to investors to deploy capital so there is still dry powder and opportunities for good businesses with solid growth plans. “Competition for good businesses in strong sectors will be fierce and could lead to some deal heat as we head into the final quarter of the year. However, as the economic conditions continue to deteriorate, it is likely that VC investment will remain subdued heading into Q4 2022 and beyond.”

Sainsbury, Tesco and M&S Xmas supplies hit as Lincolnshire food factory strikes

More than 700 workers at Bakkavor’s food manufacturing factory in Spalding, Lincolnshire, will strike from late November until the New Year over “poverty pay.” Unite, the union, has said that many of the workers earn just 1p over the national minimum wage with some being forced to use food banks. The production line operatives, who make own brand soups, sauces and deli produce for Tesco, Sainsbury’s, Morrisons and M&S, have rejected a 6.5 per cent pay offer. Unite says this is a substantial pay cut when the real rate of inflation, RPI, stands at 14.2 per cent. Unite general secretary Sharon Graham said: “The situation these workers face is exactly what is wrong with Britain’s economy today: A company earning millions and millions in profits expecting already low paid workers to take a pay cut while prices soar. “Unite will not tolerate attacks on our members’ jobs, pay or conditions and our Bakkavor members have the union’s complete backing as they strike for a better deal.” The strikes, which begin on 25 November and will last until 2 January, will impact own brand food products for Tesco, Sainsbury’s, Morrisons and M&S. More strikes will be scheduled if the dispute is not resolved. Strikes were due to take place in early November but were postponed to allow for an amended pay offer to be voted on. The workforce rejected the offer and negotiations between Unite and Bakkavor have since collapsed. Unite regional officer Ravinder Assi said: “Tesco, Sainsbury’s, Morrisons and M&S all have a case to answer if they do not pressure Bakkavor to use some of its massive profits to give these workers a proper pay rise. “Supermarket customers will be appalled to know that the own-brand goods they are buying are made by supply chain workers who are being treated so disgracefully. Bakkavor can well afford to put forward an offer our members can accept and needs to do so.” The news comes after Bakkavor announced proposals to close Bakkavor Salads in Sutton Bridge, Lincolnshire and Bakkavor Desserts in Leicester. Bakkavor said in a statement: “Bakkavor can confirm that following a ballot of its members the Unite union has rejected the proposed 6.5% pay increase and will move to take strike action at Bakkavor’s Spalding site. Around half of Bakkavor’s colleagues at Spalding are members of the union. “We have detailed contingency plans in place to ensure that we continue to serve our customers and that any disruption is kept to a minimum. “Across its UK sites, Bakkavor has been awarding pay increases for colleagues – a move to support its people despite the challenging economic context for the sector. Bakkavor believes its proposed 6.5% pay award for colleagues in Spalding is positive and sustainable and is part of a broader package of employee benefits. “Bakkavor’s proposed pay offer ensures we remain competitive in the local market at a time when current trading conditions are causing significant levels of inflation across its cost base. As with businesses all over the UK, we are having to take decisive action to adapt to the challenging macro-economic backdrop, as we seek to protect our business. This has recently included our proposal to close two sites; Bakkavor Salads in Sutton Bridge, Lincolnshire and Bakkavor Desserts in Leicester as announced on 9 November. “Bakkavor is very disappointed the Unite union is going ahead with strike action based on pay claims that are simply unsustainable in the current trading environment.”

Corporate insolvencies rise by over a third as tougher economy bites

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A sharp rise in the number of corporate insolvencies is highlighting the devastating effect on local businesses of rising inflation and falling consumer confidence, with increased numbers closing down voluntarily as trading conditions become insurmountable for some.

The warning comes from the Midlands branch of insolvency and restructuring body R3 and follows latest statistics published by the Government’s Insolvency Service which show that corporate insolvencies in England and Wales increased by 38.2% in October 2022 to a total of 1,948 compared to October 2021’s total of 1,410, and by 15.7% compared to September 2022’s figure of 1,684.

October 2022’s corporate insolvency numbers are also 31.9% higher than the October 2019 figure of 1,477.

R3 Midlands chair Eddie Williams, a partner at PwC in the East Midlands, said: “The monthly rise in corporate insolvencies is driven by an increase in Compulsory Liquidations, Creditors’ Voluntary Liquidations and Administrations.

“Rising inflation, spiralling energy costs, the end of temporary insolvency legislation and a lack of post-COVID bounce-back have all hit hard on local businesses, resulting in more directors choosing to close their companies down and more creditors calling in debts to balance their own books. 

“On top of this, business owners are worried about the prospect of an imminent and prolonged recession and where they’ll find the money to meet employees’ requests for increased pay as running costs increase and profits disappear.

“The jury is still out on whether the Christmas trading period, which will include an unseasonal football World Cup, will generate the traditional boom many businesses are hoping for or whether disappointing sales over the festive period will lead to companies turning to an insolvency process to resolve their financial issues.

“Now is the time for those businesses with cashflow issues and concerns over future trading to seek advice from a qualified professional, rather waiting until the problem worsens.

“Most R3 members will give an hour’s free consultation to potential clients to enable them to understand more about their circumstances and to outline the options available to help them improve their situation.”

South African brand owner considers bid for Joules

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A South African group that owns brands such as Phase Eight and Hobbs is reportedly contemplating a bid for Market Harborough lifestyle brand, Joules. According to Sky News, The Foschini Group (TFG) has been in discussions with Joules for several weeks – ahead of it appointing administrators – with an offer of investing in the business in return for a substantial stake. Will Wright, Ryan Grant and Chris Pole from Interpath Advisory were on Wednesday (16 November) named joint administrators of Joules Group plc and Joules Limited. At the same time, Will Wright and Ryan Grant were appointed joint administrators of Joules Developments Limited and The Garden Trading Company Limited. Joules is one of the UK’s best-known retail brands, renowned for its premium, colourful clothing and homewear products, inspired by country living. Headquartered in Market Harborough, the group currently operates a total of 132 stores across the UK, employing over 1,600 people. The joint administrators said they will continue to trade the group as a going concern while they assess options for the business, including exploring the possibility of a sale as a going concern. All stores, including the group’s online store, will remain open. Will Wright, head of restructuring at Interpath Advisory and joint administrator, said: “Joules is one of the most recognisable names on the high street, with a unique brand identity and loyal customer base. “Over the coming weeks, we will endeavour to continue to operate all stores as a going concern during this vitally important Christmas trading period while we assess options for the group, including a possible sale. “Since the group’s announcement on Monday, we have had an overwhelming amount of interest from interested parties. We will be working hard over the days ahead to assess this interest, but at this stage we are optimistic that we will be able to secure a future for this great British brand.”

East Midlands law firm introduces new diploma in Wills, Trusts and Lasting Powers of Attorney

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Derby-based law firm Right Legal Group has created a new diploma in Wills, Trusts and Lasting Powers of Attorney, in collaboration with the Institute of Paralegals (IoP).

The diploma gives advisers, who may not be legal executives or solicitors or have a first degree in law, the opportunity to obtain an industry recognised and highly accredited qualification via an alternative route.

The collaboration between Right Legal Group and the IoP represents an innovation within the private client sector, with the law firm obtaining the endorsement of a highly respected provider of qualifications and training.

The diploma is provided through The Right Legal Group Training Academy and in order to achieve the diploma status, advisers are required to complete a six-week foundation level class room training programme, a six-month supervision and final assessment.

Ciara Wynne at Right Legal Group will be the first to obtain the full diploma, with other advisers having already met the qualifying criteria and await to complete their supervision.

Carrie Caladine, Managing Director at Right Legal Group, said: “We established this diploma, in conjunction with the IoP, to highlight achievements across our field, and our training academy helps a number of hardworking employees to build their credibility.

“Working with the IoP allows our advisers to develop their skills and training to enable them to move forward in their legal careers. I’m incredibly proud of every member who is working towards the diploma status and congratulate Ciara as our first graduate. We wish everyone the best of luck in their final supervisions.”

The Right Legal Group Training Academy has to date trained more than 150 advisers, since its inception in 2019. The courses delivered by the academy include pre-death and post-death advising at foundation, intermediate and advanced levels.